How To Keep Up With The Accelerating Pace Of Technological Change

The great advances in technology used to occur only every ten years or so. These days, however, it seems that new advances are announced every two months. However, these developments have affected almost all sectors of the economy, causing unprepared companies to lose market share.

How can we keep up? In this article, we will share several tips on how to adapt to the dizzying rate of technological change.
1) Stay on top of the latest trends.
According to Springfield’s trusted auto accident attorneys, in today’s rapidly changing world, knowledge is the competition’s best defense against industry automation.

Subscribing to technology magazines and business publications allows professionals and executives to keep abreast of the latest trends, while several online news forums can provide daily news about developments that may affect certain sectors of the economy in the near future.

With this knowledge, executives can make decisions that can increase or maintain revenues, thus avoiding the decrease in revenues that can put the future of a company at stake.
2) Cultivate an attitude of curiosity.
It is not enough to be aware of technological changes; Business leaders also need to actively learn about them, every day.

By exploring things that spark interest, testing new systems and technologies and questioning long-standing assumptions, those with influence within their companies will be sharpening their creativity, an essential skill for those who wish to thrive in the near future.
3) Take courses to fill knowledge gaps.
Once skill deficiencies in a company’s workforce have been identified, executives can hire employees who possess the educational background and set of skills that will be necessary for future success.

Current employees with knowledge gaps can be sent to take courses, so deficiencies are addressed.

Taking the second step is crucial to success, since investing in tuition is cheaper than having to spend tons of money recruiting scarce talent or losing market share due to the technical disadvantages of having to carry unskilled employees.
4) Do not be afraid to learn from young people.
Millennials and members of Generation Z are well equipped to help senior and executive employees learn crucial skills, since they have been immersed in high technology since they were young.

From the use of social networks to the use of smart phones in elegant cases to learn about any subject in a matter of minutes, they have the experience of helping older generations adapt to current realities, despite their junior age.

While those who are taught have an open mind, they will have no problem helping people with less knowledge to have better control over the increasing rate of technological change.