Ralph Krauss says, whether you're in education, medicine, or engineering, how you work has been vastly affected by technological advancements, including new computers, data software, and various tools people did not have access to in decades past. From the way you tackle your tasks to how you communicate with co-workers, technology has created ripples of change that have benefited companies in every industry.
Ralph Krauss says Economic growth is driven by innovation and technological improvements that reduce production costs and allow for increased production. The product life cycle shows how the economic returns go through a phase of sharp exponential growth and eventually lull, which encourages companies to use technology to create new innovations. Advances in technology can enable manufacturers to create higher quality products faster than before, at lower cost, and help them run more efficient operations to become more competitive.
Ralph Krauss says, in the business world there are many different types of innovation that a company can pursue. Business innovation is when companies introduce new processes, ideas, services, or products to increase profits. Many business innovations come from making existing business processes less expensive, less labor-intensive, and more sustainable. These types of business innovations allow companies to become more efficient, forward-thinking, and possibly more profitable. https://www.academicamedia.com/podcast-episode/ep-72-virtual-guest-speakers-in-public-charters-with-ralph-krauss-of-edutainment-learning/ https://nydla.org/podcasts-ralph-krauss/ https://www.dnb.com/business-directory/company-profiles.ralph_krauss.0bcb14a80dddae97310e6cf9b6c52ddb.html https://vimeo.com/688520342 https://www.startus.cc/company/ralph-krauss https://startupmatcher.com/p/ralphkrauss https://m.vingle.net/posts/4287430