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37 Examples of Technological Factors

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Technological factors are changes to technology that influences the strategy of organizations. This term is applied to external factors as opposed to the state of your internal technology. Technological factors can influence your entire strategy and apply to far more than your information technology department. For example, technologies that lower barriers to entry in your industry, transform business models or change customer expectations. The following are common examples of technological factors.
APIs
Accessibility Practices
Architectural Approaches
Communication Technology (e.g. Digital Marketing Ecosystem)
Compatibility
Consumer Devices
Customer Expectations Regarding Technology
Customer Experience & Technology (e.g. gamification)
Data Management Practices
Efficiency & Technology (e.g. advancements to transportation technology)
End of Support
Information Security Threats
Information Security Vulnerabilities
Interoperability
Management & Technology (e.g. decision making tools and data)
New Components (e.g. chips)
New Materials
Obsolescence
Operations & Technology (e.g. internet of things)
Organizational Culture & Technology (e.g. work from home)
Partnerships & Outsourcing
Pricing Models (e.g. utility computing)
Process Automation
Productivity & Technology (e.g. software & apps)
Regulations (e.g. data privacy directives)
Standards
Technology Capabilities
Technology Competencies (skills, talent and knowledge)
Technology Costs
Technology Culture
Technology Economics
Technology Governance Practices
Technology Operations Practices
Technology Platforms
Technology Products & Services
Technology Risks
Usability Practices

What is the biggest challenge associated with high rates of technological change?



Business & Industry Disruption
48 votes
Misinformation and the Erosion of Trust
32 votes
Cybersecurity
33 votes
Labor Market Disruption
8 votes
Technological Risks
13 votes
Rapid Societal Change
13 votes
Technology Related Regulations
7 votes
Privacy Issues
5 votes

Summary

Technological factors are elements of the technological environment that can influence your plans. These are commonly identified as part of strategic analysis methodologies such as PESTEL analysis and SWOT analysis.
Next read: Political Factors
More about technological factors:
APIs
PESTEL Analysis
Process Automation
Standards
Technology Culture
Technology Env
Technology Risks
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