Question

What are some examples of technological innovation outside of industrial production that have changed economic geography?

Answer 1

There are different examples of technological innovations, changing the economic geography. The first example of is the development and commercialisation of decision support systems with Artificial Intelligence. Devices in health care industry, gaming industry and other sectors, are being used to increase the productivity and changing the economic landscape. The second example is of radical technological innovation that is development of android based smart phones that completely changed the economic geography and wiped out the feature phones. It is led by iPhones and other leading models developed by companies Apple and Samsung among the others. The third example is innovative method so IMC through the digital marketing channels so that organizations are able to interact with the target audience. It has reduced cost, increased the efficiency and helped firms and households both to get benefited. It also affected the economy.