How global unrest will impact innovation in 2023

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Written By AB

David Magerman writes on TechCrunch about the various economic and political turmoils of the past year. Though they have led to belt-tightening in the corporate world, layoffs and hiring freezes and a more conservative investment posture from the investment community, there is perhaps a silver lining when it comes to the prospects for innovation. In some ways, these market forces might actually serve as an accelerant for creativity and advancement in technology.

 

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TECHCRUNCH: The global economic and political turmoil of the past year has had a meaningful impact on corporate innovation in the technology industry and beyond. All of these factors have led to belt-tightening in the corporate world, layoffs and hiring freezes and a more conservative investment posture from the investment community. Inevitably, these changes will have a chilling effect on innovation in the years to come.

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