How does the pace of technological change affect businesses, both positively and negatively?

What will be an ideal response?

It's a necessity to stay on the cutting edge of technology in order to remain competitive. The advantages of staying abreast of technology include its ability to keep a company flexible, organized, and well connected–either with customers or employees. A disadvantage is that keeping up with the pace of technology is an expensive and time-consuming operation. For instance, the rapid pace of technological innovation means that computers are outdated after three years and obsolete after five. In addition, the cost of applicable software, training, and infrastructure is extremely high and often represents the single largest expense in many companies.