Only innovations ensure value creation and value creation, in turn, ensures work and prosperity. If you analyze this development on the microeconomic level, technological change and the related change of business processes play a key role in businesses. They are the driving forces of change and their joint effect triggers further dynamics.
The Internet, for instance, enabled chains of production across the time zones and 24-hour marketplaces that did not exist before. New technologies paved the way for the restructuring of value chains and business processes. This new structural and organizational situation, in turn, imposes new requirements on technological solutions. For instance, faster, bigger and more comprehensive solutions are needed or also ones that are more specialized. Read more →