Positive Impacts of Technology Innovation
Ryan Avant and other authors suggested that the developments in innovation and technology had various influences to the society in the past. The authors claim that the development inflicted pain to the society but in the end, they were beneficial as well. With the increased development in innovation and technology witnessed every day, the third wave of digitization might prove to be more problematic as has been suggested by various researchers. The influence of technology in the currently has had mixed influences to the society according to Tatikonda, and Rosenthal, (2010, p. 79). The influence consists of both negative and positive influences of various aspects of the world and its activities. It has been anticipated by most researchers that the continued development of innovation and technology might inflict more pain as well as benefits to the society. Therefore, in this essay, the possible influence of the developments in innovation and technology would be discussed to understand its benefits and pains to the society before deciding whether it would be right or wrong for the society.
Various examinations conducted on the influence of development in technology and innovations show that it is a process in progress. The progress made by innovations and technology have various effects on the society currently. Both positive and adverse effects have been experienced in various sectors of the economy. One of the most important areas where the influence of innovation and technology development has been experienced is in the social networking system. The social networks for use by both organizations and individuals have experienced a greater development in that communication through the social networks has been improved tremendously according to McLean (2015, p. 228). The other influence of the social networks is that they have reduced the world into a small society that could be accessed anytime at any place.
An outstanding result of improvements in development and innovation is good to go as pointed out by Tatikonda, and Rosenthal, (2010, p. 79). Business exercises have been impacted practically in every one of their parts. Innovative advances happen dependably, and associations much of the time would mind on how to improve itself amidst the stiff competition as specified by Almeida and Phene, (2014, p. 861). In most businesses, innovative headway could take many forms; the forms include computerization and digitization of essential systems and strategies. For business people, mechanical progression could offer different basic inclinations and furthermore possible impediments.
Improved Business Operations
It has likewise helped in cutting expenses. Progression could also assist business visionaries maintain the costs at the base. With the help from using computers, a slight creator can reduce his dependence on people to play out a bit of the important era frames. Along these lines, the business could decrease specialist costs like pay, favorable circumstances, and turnover. Advancement can in like manner streamline the creation methodology, wiping out costly waste.
Worker concern is another part where noteworthy impacts have been referred to. The immediate expenses have additionally been influenced. While development can realize save finances as time goes on, it every so often achieves a colossal straightforward cost. A business person would not have the advantages for purchase a best in class Personal Computer structure or new mechanical assembly or may need to get the money to do accordingly. On the off chance that the new purchase doesn’t manufacture creation or diminish costs over the long haul, it could cripplingly influence the whole deal reasonableness of the operation.
Amid a time of hindered advancement and continued with shakiness, various countries are looking for courses of action that will empower improvement and make new occupations. Information trades development is not only one of the snappiest creating ventures, direct making a colossal number of occupations, yet it is moreover a basic enabling specialist of progression and change. In light of the contentions by Hargadon, and Sutton, (2017, p. 752) the amount of flexible enrollments is moving toward worldwide people figures of forty percent of people on planet authoritatively on the internet. In this new situation, the forcefulness of economies depends on their ability to utilize new advances.
Coordinate employment creation could be possible through technology. The portability of work is a method for getting mechanical information to the beneficiary firm. As a feature of mechanical learning is unsaid in nature, lying exemplified in the individual, work versatility is additionally a channel of information overflow, from which the accepting firm exploits. From this perspective, the portability of laborers impacts the action of R and D. Then again, there is little proof the other way, considering the interest in R and D. Tatikonda, and Montoya-Weiss, (2011, p. 169) mentioned that mechanical advance in the division, as a conceivable reason for the affinity to the versatility of specialists between firms, or even between segments. Given, it is expected the theory that the bigger the mechanical separation between the ventures, Littler is the likelihood of bury new exchange of laborers, as the separation of innovation amongst organizations and enterprises is identified with the combined measure of individual’s particular human capital. Highsmith, and Cockburn, (2011, p. 25) say that in this sense, once exchanged starting with one employment then onto the next, the individual can’t adjust to the prerequisites as far as abilities, of the new occupation. Sunding, and Zilberman, (2013, p. 247) assert that the advancement in different segments is unequal. In the US, for every occupation in the inventive business, five different jobs, all around, are constructed in various parts. In the year 2013, the overall technology market will create by eight percent making occupations pay rates and a widening extent of organizations and things as per Bassellier, and Benbasat, (2014, p. 681).
Cost Cutting
Revelations from different countries avow the gainful result of ICT to the progression. For example, a 10% extension in broadband invasion is identified with 1.4% extension in GDP advancement in creating markets. However, in China the number could accomplish 2.5% or less. The increasing of flexible data use brought on by the extension in 3G affiliations underpins GDP for each capita advancement rate by a 0.5% margin all around as said by Hargadon, and Sutton, (2017, p. 752). The Internet speaks to 3.4% of general GDP within a couple of economies. A huge bit of this effect is driven by online business – people advancing and offering items on the internet.
Different open organizations have ended up being available on the internet and via telephones. The action to dispersed registering is a major example for renovation. The assembly of Moldova is among countries within Eastern Europe and Central Asia to shift its organization IT establishment into cloud and transmit convenient and e-organizations for subjects and associations. Gupta, and Wilemon, (2010, p. 27) say that ICT has enabled the advancement of an altogether new part.
New miniaturized scale work stages, made by associations like Amazon, oDesk, and Samasource assist in crevicing endeavors into little parts that could thereafter be transferred to employees. The brief laborers are habitually arranged in rising economies. The microwork stages allow business visionaries to out and out cut expenses and reach qualified workers.
Within OECD nations, above ninety five percent of associations have online proximity. The Internet outfits them with better methodologies for reaching their customers and competing for a bit of the general business. Over the span of late years, internet organizing has set up itself as a capable displaying instrument. ICT gadgets used inside associations help to streamline business structures and improve profitability as specified by Voss, Bauknecht, and Kemp, (2016, p. 1). The exceptional impact of related contraptions throughout the world there are new classes for associations to serve their customers.
Innovation and technological development might as well have an adverse influence on the future generation in the forms that would be described below: Many people in the society may face unemployment, or the employee might lose their jobs due to technological advancements based on what Noe, Hollenbeck, Gerhart, and Wright, (2016, p. 1) dscussed. For example, the introduction of the automated machines may force the industries to terminate its employees’ services because the employees’ services would be required no more. The human effort is therefore replaced by the machines since the machines operate automatically without human skills or control, thus unemployment as stated by Atuahene–Gima, and Li, (2010, p. 462). The situation may lead to idleness and increased social evils in the society such as theft cases. Employers, therefore, may not employ somebody to do work that a machine can do automatically or can be done through the computer.
Mobile Workforce
Technological innovation might lead to endless war and even destruction of the world. The world might be affected by bad war resulting from the advancements in warfare through the current technology. Trott, (2011, p. 1) claims that the technology has been used in the making of weapons like the atomic, nuclear and hydrogen bombs which scientific studies has shown that are the most dangerous and can destroy the world just like Katz, (2014, p. 1) suggested. It is trough the technology that the machine guns have been invented. These high rifles are used during warfare to destroy man-kind. Also, warplanes have also been invented. Through innovation and technological developments, rumors of war and incitements might be spread at an alarming rate because means through which people communicate has been advanced primarily on the social media platforms such as Facebook and Twiter as Souder, Sherman, and Cooper, (2013, p. 528) say. Through social media, rumors might be propagated to start a cold war which eventually might get out of hand and lead to real war amongst nations or societies.
The increased dependency on computers and modern machine to perform most duties lowers people’s creativity level. The human might become lazy against working physically due to the technology. Doloreux, (2012, p. 253) says that in a situation where the computer is crashed, or the machine experiences a mechanical damage, people may stop working because of lack of creativity and intelligence level. When such delays are experienced in a company or businesses, the rate of production is lowered, and a lot of opportunities are wasted because human becomes almost disabled until the problem is solved. Moore, and Benbasat, (2011, p. 215), suggested that there is an indication that the more the society depends on the modern tools and machines the lazier it becomes. A team of researchers can barely go out to the fields to carry out a pure research due to computers which mean that if the computers are damaged, it becomes difficult for the research to be done.
Technological development and innovation may lead to the increment of dependency ratio and the poverty level in the society. As the computers and modern automated machines are introduced, this might lead to unemployment to some people. Noe, Hollenbeck, Gerhart, and Wright, (2016, p. 1) in their discussion state that if a family breadwinner is unemployed, there are chances for the family to become weak. The unemployment brings the narrative that those who are unemployed would, therefore, depend on the few who are employed. As the new generation emerges, it becomes difficult for the young adults to secure job vacancies and it forces them to depend on their parents as mentioned by Edquist, (2010, p. 35). The parents might find it difficult to make some savings for the future benefits due to the dependency ratio. Lack of investment in society would mean that whatever is earned leaves from hand to mouth leading to poverty.
Negative Impacts of Technology Innovation
With increasing technological advances and adoption of the related innovations in different facets of the global industry, there are many advantages and disadvantages experienced in the world arena. It has globalized the world into a small village where businesses have been fastened and products as well as customer relations improved. Talk on the issue of deindustrialization and the picture rings a bell of cutting edge economies advancing into the post-mechanical period of improvement. However, the more sensational pattern is deindustrialization in the creating nations. This is fittingly called untimely deindustrialization, since it implies that many creating countries are getting to be administration economies without having had an appropriate affair of industrialization. Latin America has all the earmarks of being the most noticeably bad hit district. However, worryingly comparable patterns are especially in proof in sub-Saharan Africa as well, where couple of nations had much industrialization in any case. The main nations that appear to have gotten away from the scourge of untimely industrialization are a generally little gathering of Asian nations and produces exporters. The propelled nations themselves have encountered noteworthy work de-industrialization, yet fabricates yield at steady costs has held its own similarly well in the propelled world, something that is normally disregarded since such a large amount of the dialog on deindustrialization concentrates on ostensible as opposed to genuine qualities.
Technological development and innovation may lead to the increment of dependency ratio and the poverty level in the society. As the computers and modern automated machines are introduced, this might lead to unemployment to some people. Noe, Hollenbeck, Gerhart, and Wright, (2016, p. 1) in their discussion state that if a family breadwinner is unemployed, there are chances for the family to become weak. The unemployment brings the narrative that those who are unemployed would, therefore, depend on the few who are employed. As the new generation emerges, it becomes difficult for the young adults to secure job vacancies and it forces them to depend on their parents as mentioned by Edquist, (2010, p. 35). The parents might find it difficult to make some savings for the future benefits due to the dependency ratio. Lack of investment
In schools, innovation and technological development might spoil good moral as students are likely to access inappropriate information such as pornographic materials through the internet and YouTube channels. Pornographic materials are addictive, and when the students are addicted, it may lower their academic performance Utterback, (2014, p. 626). Students were getting the access to many sites and contacts through the internet; they might get involved in cyber crimes like hacking various systems like the bank system. Though the technological development has made communication easier through in-line interaction, it might as well make the students to be disconnected. Although the youths find it easy to interact on-line, face to face interaction is found to be more efficient and appealing to the youths. In the education sector, technology a major distraction tool to the students. Katz, (2014, p. 1) says that the moment students operate their cell phones in the classroom; their attention will shift from the teacher or the class work to their phones meaning that they might not fail to achieve maximum grades. Students with severe culture might find it easy to spread the culture amongst other through the technological development.
Unemployment
Conclusion
The discussion above has considered both the negative and positive influences that would be brought about by the continued development in innovation and technology in the near future. The influence of technology as has been seen would affect all the sectors of the economy in one way or another. It is therefore, the role of the society to take advantage of the positive influences in order to make life better. For instance, businesses should be developed with respect to the possible changes brought about in marketing for instance. Another interesting factor to consider would be to make corrections at any sector of the business that has been influenced by the changes in innovation and technology. With consideration to all the factors considered in the essay; the negative and positive influences, I would like to believe that the improvements in technology and innovation would be beneficial to the society. Despite its possible challenges to various sectors of the economy, its advantages would be more than its disadvantages.
With increasing technological advances and adoption of the related innovations in different facets of the global industry, there are many advantages and disadvantages experienced in the world arena. It has globalized the world into a small village where businesses have been fastened and products as well as customer relations improved. However, technological innovations are leading to endless war and even destruction of both humanity and property in military zones and countries like Russia where bombs are used during war. Technology is being adopted in the making of weapons like the atomic, nuclear and hydrogen bombs which scientific studies has shown that are the most dangerous and can destroy the world.
References
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