Final answer:
Cloud computing is an external technological environment that can help address the challenges of data storage and processing for a growing business.
Step-by-step explanation:
The external technological environment that can be used to address the challenges of data storage and processing for a growing business is cloud computing. Cloud computing allows businesses to store and process large amounts of data on remote servers, which can eliminate the need for costly on-premises infrastructure and provide scalability and flexibility. With cloud computing, businesses can easily access and analyze their data, enabling them to maintain a competitive advantage over their competitors.