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The use of the most modern technologies has become a necessity for companies. Living in an era of rapid and constant transformation, organizations must keep up and make the most of it. But you know how modern technology influences companies and what is its impact on offices? Before we begin to discuss this topic, we must know what technology is. This could be defined as a good that encompasses all the knowledge about the execution of a task and about the machinery and facilities required to execute it, which allow a company to manufacture a product or offer a service. In other words, it could be said that there is two types of technology. On the one hand, technology incorporated into material goods, such as raw materials. And on the other, unincorporated technology, which is made up of people and their intellectual or operational knowledge and their ability to do a task. With a good understanding of the breadth of the concept of technology, it is worth asking how this can influence success or failure of a company. Below we list some of the benefits that the smart and appropriate use of technology brings to an organization. The Influence and Use of Technology in

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How does modern technology influence companies?

Leveraging technology to stay ahead of the competition has become a prerequisite for modern companies to succeed; every day is a new attempt to win the race of digital transformation and adopt the latest innovations. Artificial intelligence has become one of the most widely discussed methods of optimization and growth on a global scale. According to the New York Timesbeyond business and operations, artificial intelligence has already proven to be able to contribute to the development and transformation of transportationhealthcare and scientific research. But click are two sides to every coin. The truth is AI solutions Techology also been linked to mass surveillanceidentity theft and the The Influence and Use of Technology in of false news. According to the Harvard Business Reviewtackling the issue of ethics is a complicated process.

Companies often oscillate between the two extremes. On one hand, the companies it studied had no explicit frameworks in place for AI innovation and instead had to tackle issues on a case-by-case basis, sometimes hoping that the problem would resolve itself — a big risk. On the other hand, there have been cases where companies introduced highly rigid yet vague guidelines and rules for technology development that created an excess of regulation and inhibited progress. The solution may well be somewhere in between the two extremes.

Companies cannot ignore the risks associated with ethical AI applications, but guidelines need to be more palatable and concrete in order to fuel progress. And the answer is not a one-size-fits-all solution either — the optimal solution will be uniquely tailored to the values, goals and needs of each company, making the journey to find the right ethics-growth balance highly individualized. There are a few steps companies can take to unlock the door to this balance between ethical AI and progress.

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Companies differ in their level of digitization and technological capabilities. While the world has increasingly moved toward a more digital-first future — something the pandemic accelerated — companies find themselves at various levels when it comes to adopting technology or developing it. Depending on what stage the companies find themselves in — be it at the beginning, when they seek technology for initial optimization, or much later, when they use AI to understand customer needs and preferences — the ethical questions and implications will vary immensely. The practices relying on AI technology vary by industry as well.]