Technology- A Firm Foundation for Entrepreneurship

Shashi Prabha Nagendra

Vol-5,Issue-6,November - December 2020

Author: Shashi Prabha Nagendra

Keywords: Business Vertical, Ecosystem, Entrepreneurship, Sustainability, Technology.

Abstract: A high quality education and an innovative idea impart support to entrepreneurs. However, a technically supported business can have a global impact and thrive in the growing competition. Today, due to globalization the trends of business have changed. A touch of technology in business accelerates the success. Our education today provides excellent experience anda congenial platform for learners to take their learning beyond books and employment. In addition to this progress, the millennials possess passion and energy required for entrepreneurship. The integration of the right education and enthusiasm from learners forms a pillar for entrepreneurship. However, this pillar cannot be strong enough if it is not based on the right technology suited for the business. Hence, we have been witnessing the collapse of small businesses managed by the people who are ignorant of the industry vertical. This paper focuses on the integration of technology and modern educational background that can form a firm basis for entrepreneurs. The role of AI, ML and Blockchain can bring a cornucopia of benefits for the neophytes in the business domain. This survey focuses on three different respondents who adopted technology to save their business from collapsing. This paper also provides a solution for revolutionizing and propelling the ecosystem of the startup companies. This will improve the cost of operation and fetch high revenue.

Article Info: Received: 08 Sept 2020; Received in revised form: 16 Nov 2020; Accepted: 23 Nov 2020; Available online: 07 Dec 2020

DOI: 10.22161/ijels.56.34