While technology offers numerous benefits, it also presents certain risks:
Cybersecurity Threats: Increased reliance on digital systems makes businesses vulnerable to cyber attacks and data breaches. System Failures: Dependence on technology means that system downtimes can severely disrupt business operations. Cost of Upgradation: Keeping up with technological advancements can be expensive and require continuous investment. Loss of Human Touch: Over-reliance on technology might diminish personal interactions, affecting customer relationships. Dependency on Vendors: Businesses may become overly dependent on specific technology vendors, which can be risky if the vendor experiences issues.