Manager - The British Journal of Administrative Management ISSN - 1746 1278 Volume 58 Special Issue 06 Sep 2022 Industry Qualifications, The Institute of Administrative Management, UK | 105 ASSESSING THE FULL IMPACT OF TECHNOLOGICAL ADVANCES ON BUSINESS MANAGEMENT TECHNIQUES Dr. K. K. Ramachandran Dr. G R D College of Science, India. Email: dr.k.k.ramachandran@gmail.com https://orcid.org/0000-0003-0589-4448 Dr. S. Shyni Carmel Mary Assistant professor, Business analytics, Loyola institute of business administration Email: Shynipragasam@gmail.con Dr. Arun Kant Painoli Dean- School of Management Studies, Baddi University of Emerging Sciences and Technology, Baddi, Himachal Pradesh. Email: Painoli.arunkant@yahoo.co.in Harish Satyala Research Scholar, Department of Operation Management, Indian institute of Management, Ranchi. Email: harish_satyala@yahoo.co.in Barinderjit Singh * Assistant Professor, Department of Food Science and Technology, I.K. Gujral Punjab Technical University, Kapurthala, Punjab, India. Email: barinderjitsaini@gmail.com https://orcid.org/0000-0002-7564-0550 Geetha Manoharan Assistant Professor, School of Business, SR University, Telangana. Email: geethamanoharan1988@gmail.com Abstract: By allowing for the creation of new business models based on the ideas, procedures, and resources of the digital world, modernization eliminates the distinctions between technology and leadership. The goal of this study is to examine how companies handle their technological change in relation to the “Internet of Things (IoT) and Big Data”. Companies are being forced by information technology to re-evaluate and adapt their “business strategies (BMs)”. “Small and medium-sized businesses (SMEs)” don't have a lot of time or money, though, to play about with their BMs and try out different tactics. The way small- and medium-sized businesses (SMEs) develop and generate value is transforming as a result of digital economy. The process of