Which technological developments influence our sector?

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Some basic questions companies can ask themselves about social factors:

Which societal trends and beliefs influence our sector?
Are there any demographic changes that could impact our business?
How does cultural attitudes toward our products or services influence our activities?
Technological factors in PESTLE analysis
Technological Factors Affecting Business - PESTLE Analysis
Technological factors refer to the impact of technology on businesses. These factors include technological architect data advancement, the rate of technological change, and the adoption of new technologies. Technological factors can have a significant impact on businesses, and businesses and their management must stay abreast of the latest technological trends.

For example, the rise of e-commerce has disrupted traditional brick-and-mortar stores. Businesses that do not have an online presence, such as their e-commerce websites, risk losing customers to competitors who offer online shopping. On the other hand, businesses that embrace new technologies can benefit from greater efficiency, lower costs, and an improved customer experience.

Some basic questions companies can ask themselves about technology factors:

Are we aware of the latest technological trends?
How can we use technology to improve our operations and better serve our customers.