Final answer:
The rapid growth of technological advancements in business creates new opportunities and increases risks related to their use. Examples of opportunities include reaching a larger customer base through online platforms, while risks include potential data breaches and cyber attacks.
Step-by-step explanation:
The rapid growth of technological advancements in business creates new opportunities and increases risks related to their use. The increasing use of technology in business can lead to benefits such as improved productivity, access to new markets, and cost savings. However, it also brings risks such as cyber attacks, data breaches, and dependence on technology that can lead to disruption if something goes wrong.
An example of a new opportunity created by technology in business is the ability to reach a larger customer base through online platforms and social media. On the other hand, an example of a risk is the potential loss of customer data in a data breach.
Overall, while technology in business opens up new possibilities, it also requires careful risk management to mitigate potential hazards.