What are the barriers to adopting new technologies in businesses? 🔊
Barriers to adopting new technologies in businesses include cost, resistance to change, and lack of skilled personnel. High initial investments in new systems can deter organizations, especially small businesses with limited budgets. Additionally, employees and management may resist changes due to comfort with existing processes or fears about job displacement. A lack of training and expertise to implement and maintain new technologies can also hinder adoption, resulting in missed opportunities for innovation and growth.
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