In the current generation where, technology-led firms have started to contribute to the majority of GDP, the evolution of technology has created a lot of waves of transformative technologies. Startups have emerged out to be a third category amongst the categories of public and privately owned companies.

Now let us see how technology has helped the firm evolve and how firms are using up technologies -

Sectors that have evolved

- Technology has helped to take up firms in the public front and, oil companies to the top. Automation and machine learning has helped in contributing to firms growth, boost productivity and outcomes and improve efficiency.

Growth potential-

 There is indeed a promising growth for technology propelled startups. With technologies emerging each time, technological products have significantly contributed to economic growth and GDP. The huge tech-based firms like Amazon and Microsoft have helped these startups by the provision of a platform and relevant infrastructure to grow and build on.

Outcome-

 The number of startups have increased, with a lot of investors pouring funds in and even though a lot of startups do fail, even then the same entrepreneurs are keen to keep trying all over again! The startups aren't merely seen as a source of job creation but also enablers of social security.

Since last decade, start ups have been on rise and rather than just challenging the traditional industries these have helped developing solutions that has been redefining work.

The new start ups have provided infinite importance to building teams and initiating organizational culture among its employees. An open minded culture has been initiated in order to facilitate sharing of ideas without the restrictions posed by authority and hierarchy. This has given abundance of opportunity to smart tech specialists to convey their ideas well without getting caught up in lines of communication.

A startup technically refers to extending a promising idea to higher dimensions. Now comes the major question -

How well does this same technology help in driving the growth of startups?

With the evolution of technology, more and more startups as well as business models have evolved and got redefined. Customer relationship management and logistics have also elevated to new technologies in order to advance and improve the customer experience and boost customer satisfaction and retention. A new wave of start-up has currently been instrumental in the development of products and systems of higher value on the base of intellectual property.

There is yet another driving force that has propelled this start up culture that, with pressure mounting on the employees as years pass, they tend to get exhausted by overpowering bosses, and decide to initiate a start up with the experience and technical capabilities in hand.

The decision-making capacities have been improved with these advancements and technologies, and this has reduced and helped in cutting down the majority of costs. We can conclude with a thought that, Technologies have indeed become a driver, force creator and what not in the start up front!