TECHNOLOGICAL ADVANCEMENTS AND THEIR IMPACT ON PRODUCTIVITY: BENEFITS, CHALLENGES, AND STRATEGIC IMPLICATIONS

Abstract

Modern production now relies heavily on technological developments which transform industries by increasing productivity efficiency and competitiveness. In this review the incorporation of automation robotics artificial intelligence (AI) and the Internet of Things (IoT) into production systems is examined. Significant advantages of these innovations include lower costs higher-quality products quicker production cycles and increased flexibility. Nevertheless, there are some difficulties in implementing these technologies. Among the challenges businesses encounter when incorporating new technologies into production processes are high initial investment costs technical complexity resistance to change skill gaps cybersecurity risks and regulatory issues. In order to ensure a smooth transition to a more technologically advanced production environment this paper analyzes these difficulties and talks about strategic solutions. Organizations can fully utilize technological integration while cultivating an innovative and adaptable culture by attending to fiscal technical and human resource considerations. In the end maintaining long-term success and sustainable growth in a globally integrated market requires striking a balance between these factors. Keywords: Technological Advancements, Automation, Artificial Intelligence (AI), Internet of Things (IoT), Production Systems, Integration Challenges, Cybersecurity, Workforce Adaptation, Innovation Management, Strategic Planning.