Final answer:
Technology challenges include the rapid rate at which communication changes, the spread of inaccurate information, and the potential for winner-take-all markets. These factors can overwhelm societal capacity to adapt and may exacerbate issues such as misinformation and market dominance by large firms.
Step-by-step explanation:
Technology indeed both complicates things and creates new opportunities. One of the challenges technology presents is the rapid rate at which communication changes. This is because technological evolution often outpaces our human and societal ability to adapt. As a result, we face a constantly shifting landscape in how we communicate and interact, with new modes, mediums, and protocols emerging frequently.
Another challenge is the spread of inaccurate information. In an age where information can be disseminated quickly, the accuracy of that information can sometimes be compromised, leading to the spread of misinformation or disinformation with potential societal impacts. Finally, technology can lead to an increase in the size of firms, as seen with companies like Microsoft and Amazon, which have used technology to reach large markets and achieve economies of scale, potentially leading to winner-take-all markets.