What term describes technology that significantly alters the business environment and drives growth?

The term that describes technology capable of significantly altering the business environment and driving growth is "emerging technology." This refers to innovations that are currently developing or will be developed over the next few years, often leading to new business models, enhanced efficiencies, or entirely new products and services. These technologies have the potential to disrupt industries by changing the way businesses operate and compete in the market, thus contributing to growth and transformation.

Emerging technologies can include advancements like artificial intelligence, blockchain, and the Internet of Things, among others, that are still being explored and implemented. Their ability to create competitive advantages or new market opportunities illustrates how impactful they can be on business dynamics.

In contrast, the other terms refer to various stages of technology adoption. Established technology encompasses tools that are widely used and accepted in the market. Traditional technology refers to long-standing practices and systems that have been in place for years, typically lacking the innovative qualities of emerging technologies. Legacy technology denotes outdated systems that are still in use but often hinder modernization and growth rather than promote it. Each of these alternatives lacks the transformative potential attributed to emerging technologies, which is essential for driving significant growth and adaptation in a fast-evolving business landscape.