Learn: Change in Technology

Welcome!Today we'll explore how changes in technology impact businesses. It's a fascinating topic that shows why adapting to technological advances is crucial for success.

What is Change in Technology?Changes in technology refer to innovations and advancements that alter how businesses operate. They can improve efficiency, reduce costs, and create new opportunities, but they may also pose challenges for organisations that struggle to adapt.

Key Examples of Technological ChangeSome examples include the rise of automation in production, the use of cloud computing for data storage, and advancements in communication technology, such as video conferencing tools.

CAD and CAM in ProductionCAD (Computer-Aided Design) helps businesses design products digitally, reducing errors and speeding up development. CAM (Computer-Aided Manufacturing) uses computers to control machinery, ensuring precision in production.

Benefits of CAD and CAMUsing CAD and CAM offers several advantages, such as reducing human error, speeding up production, and enabling businesses to create complex designs. For example, car manufacturers use CAD to design vehicles and CAM to ensure accurate manufacturing.

Challenges of Technological ChangeBusinesses face challenges when adopting new technology, such as high initial costs, resistance from employees, and the need for training. For example, introducing robots on a production line may require workers to learn new skills.

Review Time!Great work! You've learned about the impact of technological change, CAD and CAM, and the challenges of adopting new technology. Now let's test your understanding with a few questions.