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[4]      Licera, R. (2015, February 26). What is Technopreneurship? Retrieved from https://rubenlicera.com/what-is-technopreneurship/

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[6]      “Why Is Technology Important In Business?”. Retrieved from https://www.oksbdc.org/why-is-technology-important-in-business/

“Technology Entrepreneurship”. Retrieved from https://educationguide.tue.nl/programs/bachelor-college/use-learning-trajectory/technology-entrepreneurship/

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In a nutshell, business and entrepreneurship can adapt and evolve more quickly with the advanced technologies that have existed today. We should be thankful for the people that made the technologies become the most important and useful thing in our daily lives as the technologies is really making our daily task much easier than before. Last but not least, the today’s technologies not only ease our lives to be better for the task but also save resources in either old or new organization to make them saves more cost than before and rapidly help the company to grow even better.

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Importance of Technologies in Entrepreneurship

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Importance of Technologies in Entrepreneurship

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Before the existing of technologies, most businesses tend to waste a lot of costs where they will use a lot of resources. During the traditional days, people will waste a lot of paper compare to today as everything cannot be done in a digital method and need to keep record in the form of paper. In addition, due to information or data that is printed in the form of paper and is kept in a private inside the office, some irresponsible staff might break in the room and steal the information regardless if it is an organization sensitive information or other people’s data. Moreover, people can only make a phone call whenever they need to communicate with the clients or other people before the existing of modern era. It is quite inefficient where they cannot share information that is in the form of visualize where people can view the information that is in the form of videos, pictures, websites and so on.

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Digital; Entrepreneurship; Technology; Innovation; Entrepreneur; Business; Modern

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Technopreneurship comes from the term of combination of “Technology” and “Entrepreneurship”. It is the method of using the changes brought about by specialized knowledge to create inventions with the help of an innovative and skillful mind in all aspects of human life. Technology is one factor that greatly influences people's lives in this generation. Everything under the sun, even the businesses, must cope with the changes created by this shape-shifting factor. Whether they see these innovations as a challenge to conquer or as an opportunity to expand their company, they simply cannot remove the fact that they are expected to ride along with their trends.

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Most modern-day enterprises are subject to threats to security and vandalism. Software can be used to secure financial data, executive confidential decisions and other proprietary information leading to competitive advantages. Simply put, technology helps businesses stay away from their competition for their concepts. Through having machines with passwords, an organization will guarantee that the competition will not duplicate any of its upcoming projects.

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An organization with the technological capacity to hunt for new opportunities will remain a step ahead of its competition. It needs to grow and gain new opportunities for a business to survive. The Internet enables a company to fly remotely to new markets without the expense of an executive jet or the dangers of setting up a factory abroad.

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Technology mainly affects the ability of a company to interact with customers. In today's busy business environment, workers need to communicate quickly and clearly with their clients. Websites allow customers after hours to find answers to their questions. Additionally, quick shipping options allow companies to move goods across a wide geographic area. The business benefits when consumers use technology to communicate with a business as better communication produces a stronger public image.

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Entrepreneurship is the act of creating a business or business while it is being designed and scaled to generate profit. Nonetheless, as a basic definition of entrepreneurship, it is a bit limiting. The more modern definition of entrepreneurship is about transforming the world by solving big problems, such as promoting social change, developing an innovative product or proposing a new life-changing solution.

Entrepreneurship is also about people do to take their careers and dreams into their hands and guide them in their own direction. On your own terms, it's about building a life. There are no supervisors. No schedules to limit. And nobody holds you back. Entrepreneurs will take the first step in making the world a better place for all in it.

Entrepreneurship in technology is a concept of transforming research and the potential of scientific institutions into new products and services, which means a significant increase in consumer benefits and a faster economic growth in the future.

Digital inclusion is the capability of an individuals and groups of people to access and use ICT in a variety of ways in line with the progress of the new technological revolution. In line with the growth of ICT, entrepreneurs are heading towards a new business phenomenon that is online or e-commerce. Consumers have also started to accept and practice the role of digital technology such as the use of the Internet in business activities over the years. For instance, incorporating e-commerce services has made business transactions easier to do. Last but not least, In the field of entrepreneurship, internet use should be introduced as it can help many entrepreneurs. It also indirectly helps entrepreneurs to create a large business network around the world with the existing facilities .

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Technology as medium to cultivate innovation in product development