Technological change touches different domains
The technology is the vital force in the modern form of business and globalization. Technology has revolutionized the global economy and has become a critical competitive strategy. It has globalized the world, which drives all the countries to more standards that are ethical. We can see how technology revolution is sweeping the globe and the transition from manual to electronic delivery of services both in public and in the private sector leads to new markets.
In addition, the information technology is one of the technologies fostered to the new market in this increasing competitive world.
Technology allows us to go forward
Technology change has helped us in overcoming the major hurdles of globalization and international trade such as trade barrier lack of common ethical standard, transportation cost and delay in information exchange, thereby changing the market place.
The researchers have analyzed that though the technology has globalized the business but economically well-developed countries have been more benefits. While technology has created many opportunities for global networks of tasks, it is important to look at the function in the system to understand the limitations.
Impacts of innovation technology to human’s life and activity
The transport technology is in the midst of a revolution. New technologies are improving the efficiency of numerous field and it seems significantly in transportation, while new innovation is poised to entirely reshape the way we move.
Some elements are related to this evolution.
First, the internet of things assumes that all people and items can be connected through networks. These vast connected networks could potentially influence many aspects of our daily driving:
-Route planning: sensors in the vehicle communicate with GPS service to determine the best route, which is then displayed on a head-up display that physically directs the driver along route.
-Accident prevention: sensors alert driver to the position of other vehicles on the road and prevent collisions.
-Safety: A series of sensors in the seat can track the driver’s physiological indicators and determine whether the driver is tired or intoxicated. If the drive fails any of the tests performed by the sensors, the vehicle becomes inoperable.
In addition to that, the advent of self-driving cars such as the Google car and Tesla are making the idea of autonomous cars a reality. With continued researches and development, autonomous car technology will likely become a safer alternative to human drivers, with additional economic and environmental benefits.