Course: Information Technology in a Global Economy Part A: Discussion 5 (Week 4): Global NetworkingDiscussion Networks have changed drastically over the last 30 years. With the first introduction of
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Discussion 4
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Today the internet has been changed the total environment. The Global computer network has become older and younger than that. It is such a part of life now and it is a part of a human. It has been constantly changing and showing as new games come and new programs and new inventions. The world has been transformed itself into a globalized village where the cultures have been refused and the models have been decided. This process is affecting the global economy. The technology which has driven the economy is synonymous with profound changes in the industry and former structures. This has promoted technological advancement to play a key role in the economic growth strategies of developed and developing economies. The organizations have been developed and have generated more goods and services. Statistics software applications are being employed and organizations and streamline complex business processes. The globalization of the economy has been the government has been minimized the bottlenecks. The richest of the world's population receives 83% of the world economy. Rapid advancement in Technologies has worked as a catalyst in the process of globalization. There are many changes in the globalization process if they look back two decades ago. The technological changes have been along the capital to move almost instantly. There are many products and capital by moving to a place. Most of the things have been created and produced in global market knowledge and Computer technology (Bort, J. (2011, July 15) ).
The output and employment in the knowledge-based on percentage service industries are going as soon as possible but there are some planting traditional goods industries where they are growing rapidly. The online economy has been changing the patterns of consumer buying of goods and services. It has created a new industry based upon the services and specially designed to exploit the opportunities. The value of knowledge has been increased dramatically with some images of multimedia markets low inflation has been changed the feature of the global knowledge economy. Many factors are the following their price for computing and communication products. The growing impact of technological change and the services has been reduced to the role of the trade union. Unemployment is increasing inequality in the earnings that have been seen in most of the countries (Bort, J. (2011, July 15) ).
Reference:
Bort, J. (2011, July 15). 10 technologies that will change the world in the next 10 years. Retrieved from https://www.networkworld.com/article/2179278/10-technologies-that-will-change-the-world-in-the-next-10-years.html
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We are in the early stages of the next technological revolution. This will help us with unprecedented insights and the abilities that will change the things that we do and how we do them. The potential of the internet enhancing productivity growth over the next few years is real. In the next five to ten years, networks will be fast, smart, and increasingly autonomous. The networks will be more self-driving, self-healing, and capable of self-operation, which will be very significant across all industries and organizations (Mendling, et al., 2018).
The industries that will be greatly impacted by this development will include the healthcare industry and government due to enhanced and increased use of the internet, efficient management, increased product development, convenient supply chain management, and much other increased business performance. As a result, there will be an increase in competition that will help in enhancing productivity. By having competitive markets both nationally and internationally, the consumers will benefit greatly as they can have the best deals over a wide geographic area, and the sellers will be able to reach a large group of consumers on the online platforms.
The other thing to anticipate is that will be increased computer conversations and emerging technologies that will help in automating our day by day processes at work and in our daily lives. This means that there will be increased use of chatbots and conversational interfaces (Di Gaetano, & Diliberto, 2018). Similarly, since we are already starting to see virtuosity in business, this will be seen in sports, retail, communication, among other industries. And lastly, I am seeing the development of autonomous driving cars and electric vehicles, greatly impacting the car industry that we now today. This will be changing the game of fossil fuel consumption.
References
Di Gaetano, S., & Diliberto, P. (2018). Chatbots and conversational interfaces: Three domains of use. In Fifth International Workshop on Cultures of Participation in the Digital Age, Castiglione della Pescaia, Italy (Vol. 2101, pp. 62-70).
Mendling, J., Decker, G., Hull, R., Reijers, H. A., & Weber, I. (2018). How do machine learning, robotic process automation, and blockchains affect the human factor in business process management?. Communications of the Association for Information Systems, 43(1), 19.
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