Business 4.0 - Technology over Capital



Article - Why technology is now more important than capital

 This article explores the idea of technology now being considered more important than capital. It suggests that we are now beginning another digital industrial revolution known as Business 4.0, where digital innovation, technology, and connectivity are increasingly central to how businesses operate and communicate, and how they develop products.

This Business 4.0 revolution has provided the opportunity for companies with advanced technology to involve that technology in their path to success. What matters now is how companies will leverage the technology during their path towards success. Technology, and how they use it, is being argued as more important than the capital that these companies would normally need to access in order to find a similar level of success.

Being able to take advantage of what technology can offer can provide greater opportunity than capital could, as it is seen as a more long-term strategy for growth. It is also what technology can do in growing an industry as a whole that is considered to be extremely significant. The pace at which information is found and shared within, and among, companies is a large part of what defines the Business 4.0 revolution.

Ultimately, investing in technology is now central to how businesses are able to find success. Rather than searching and competing for capital, companies are looking for longer term solutions, and it is believed that only technology can enable this kind of success in the Business 4.0 era. As a result, entire sectors are being reshaped, and a new class of organizations are evolving around this importance that is increasingly being placed on technology.

Take a quick look at the article and let me know your opinion/views on this idea!

- Do you agree that technology is now more important than capital?
- Do you think this Business 4.0 revolution is problematic in any way?
- Is there anything that you think capital can give a growing company that technology can’t?


Comments

  1. Epushka19 March 2018 at 13:41

    Sarah,

    This is a very interesting article because capital has been arguably the most important aspect of growing a company in the past. You have asked some very challenging questions but Ill do my best to answer them in my perspective! At this point, I am not comfortable with agreeing that technology is more important than capital. I completely agree that the importance of technology is rapidly increasing, but I just think at this point, capital is imperative to a companies growth which makes it difficult to put technology ahead of it. I think the most problematic issue with the business 4.0 revolution is the amount of jobs that technology will take form people. This increasing reliance on technology is going to make many many jobs obsolete once these technologies become commodified. Lastly, forgive me if this answer is stupid and confusing, but capital is needed to buy and develop technologies that help run your business. Technology cannot buy technology. Therefore, Capital can give a growing company the resources needed to succeed, whereas technology cannot (without capital).

    I look forward to reading your response!

    Erik

    ReplyDelete

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