Historically, the advances in technology have affected all business sectors. The Industrial Revolution disrupted manufacturing sector in the 20th century and, currently, digital technologies are affecting all facets of business and economy. Companies in the telecommunications and media sectors are facing a dire need to innovate their products and services, and to revisit their business…

Technology has a direct impact on a country’s economy and the growth of its wealth. This common-sense thought has been proven mathematically by a 2017 study, co-authored by researchers from Stanford University, Massachusetts Institute of Technology and Northwestern University, among others.The research analyzed patents issued in the past 85 years and concludes that technological innovation…