Impacts of Information Technology on Society in the New Century
Computing and communications have undergone a revolution in recent decades, and there is every indication that technological advancements and the use of information technologies will continue at a rapid pace. Accompanying and supporting the spectacular increase in the power and use of new information technologies is the reduction in communication costs resulting from increased technology and increased competition. According to Moore's Law, the processing power of microchips doubles every 18 months. These advances offer many important opportunities, but also pose great challenges. Today, innovations in information technology are having far-reaching effects in many areas of society, and policymakers are tackling issues such as economic productivity, intellectual property rights, protection of privacy and affordability and access to information. The choices made today will have lasting effects and we must pay attention to their social and economic consequences.
One of the most significant achievements of the advancement of information technology will probably be electronic commerce on the Internet, a new way of doing business. Even if it is only a few years old, it can radically change economic activities and the social environment. It is already affecting large sectors such as communications, finance and retail, and can spread to areas such as education and health. This involves the transparent application of information and communication technologies throughout the company's value chain which is managed electronically.
The influence of information technology and electronic commerce on business models, commerce, market structures, the workplace, the labor market, education, personal life and society as a whole.
1. Business model, trade and market structure
One important way that information technology affects work is to reduce the importance of distance. In many industries, the geographic distribution of employment changes considerably. For example, some software companies have found they can overcome the tight local market for software engineers by sending projects to India or other countries where salaries are much lower. In addition, such a system can take advantage of the time difference to work on important projects most of the time. Companies can outsource their production to other countries and rely on telecommunications to keep their marketing, R&D and distribution teams in close contact with the production group. As such, technology allows for a better division of labor between countries, which in turn affects the relative demand for different skills in each country. Technology makes it possible to separate different types of jobs and jobs from each other. Businesses have more freedom to locate their economic activities, which creates more competition between regions in terms of infrastructure, labor, capital and other resources. It also opens the door to regulatory arbitrage: companies are increasingly able to choose which tax authorities and other rules to apply.
Computers and communication technologies also favor a form of production and distribution closer to the market. Computing and communications technology infrastructure, providing low-cost 24-hour access to nearly any price and product information that buyers want, will reduce the information barrier for market forces effective. This infrastructure can also provide the means to conduct real-time transactions and eliminate the need for intermediaries, such as sellers, intermediaries and travel agents, whose role is to provide an important information link. between buyers and sellers. Removing intermediaries will reduce costs in the production and distribution value chain. Information technology has enabled the evolution of the increase in mail order sales, where goods can be ordered quickly using a telephone or computer network, and then shipped by suppliers through companies. transport systems that rely heavily on computers and communication technologies to control their operations.
https://www.dohtheme.com/community/members/shane-warne.23630/
https://www.crokes.com/shane31541/profile/
https://www.livraddict.com/profil/shane31541/
http://sonicsquirrel.net/detail/user/shane31541/
https://www.rohitab.com/discuss/user/121884-shane31541/
https://www.magcloud.com/user/shane31541
https://app.lookbook.nu/user/8762414-Shane
https://gamedev.net/shane31541/
https://www.meetingsnet.com/user/66723/preview
https://blender.community/u/thealltimenews786
https://www.dead.net/member/shane31541
https://shane31541.netboard.me/
http://rosalind.info/users/shane31541/
https://myopportunity.com/en/profile/shane-warne/nw
https://www.buymeacoffee.com/shane31541
https://www.railsroot.com/profiles/27002-shane-warne
https://radiocut.fm/user/shane31541/
https://community.hide.me/members/shane31541.15694/#about
https://git.bolin.su.se/shane31541
https://forum.laleggepertutti.it/User-shane31541
https://cults3d.com/en/users/samwarne
This post is really amazing and great to read. Thanks a lot for sharing a really informative and nice post with everyone.
ReplyDeleteAmazed to read.