A technological revolution is an era of accelerated technological development characterized by novel innovations that influence the abruption in the society. We are living in a technologically driven world that has led to the development of human civilization and advancement in all realms of life. Technological revolution brings efficiency and productivity to the systems and often induce ideological changes in the society. Personalization and smart interaction are key features of upcoming technology for market leaders. Technology is shaping the present and future of human lives however, the consequences of technology are not always positive and we need to evaluate human psychological changes in order to fully understand the impact of technology.
With advent in technology, human communications have completely transformed such that we can connect with anyone from anywhere by making just a few clicks on our devices. All the services and businesses are shifting towards online platforms from paying bills, shopping, E-commerce, banking services to education. Companies today are focusing their goals towards door step-services and marketing their products over the internet. Free services such as social media platforms have gained popularity and are used to run businesses through showing advertisements, affiliate marketing strategies on these medias. In travel industry, weather forecasts, transportation schedules, buying tickets and related information is easily accessible from internet. In offices, technology has enhanced work efficiency, productivity and enabled the employees to work remotely. For data storage, files can easily be stored in the cloud that can be accessed at any time from any part of the world. Technology in the field of medicine has propelled the quality of life by training the medical professionals about telehealth, better diagnostic tools, 3-D printing techniques in dentistry, nanotechnology, healthcare trackers, genome sequencing, drug development and personalized treatments. In Education, we have variety of tools to coordinate online learning. Banking is now inseparable with technology. With internet, traditional banking tools have been replaced by online modes. One can easily have access to their money, monitor bank statements and handle transactions.
Some of the top technological trends include Artificial Intelligence, Big Data, Autonomous Vehicles, Genomics, Robotics and Blockchains. A dramatic adoption of digitalization has been observed at both organizational and industrial levels in the services across all industries during the COVID-19 pandemic. In a socially distant world, technology has led us stay connected and continue to work efficiently through online platforms. Globally about 55-60% of products and services have been digitized to upraise businesses and change the business models for several years to come. In order to stay competitive in current economic and social environment, new strategies including digitalization are included for cost effective measures and maintain reach to the customers. COVID-19 awareness relies on virtual modes to educate people all around the world. Various online applications are built in many countries to assist the COVID patients at home quarantine get useful information and online support which not only helped relaxing stress from hospitals but also supported healthcare system from collapsing. Technological innovations during the pandemic shows the capability of humans to survive as species. During the pandemic we have observed the increase in adoption of telehealth services. Telehealth industry used COVID-19 as an opportunity to expand to develop a customer base. People were earlier stringent about moving towards these solutions but under social distancing norms, they have efficiently adopted these services.
While we appreciate the impact of technological advancements to improve our lives, chances of survival and exploration of universe, we also need to function in an environment conscious manner. The same technology should be used to protect the environment and be vigilant of the destruction it brings to the nature at different levels. Many technologies produce by products such as pollution and depletion of natural resources. We are observing higher rates of mental disorders and suicide rates because of the same technology that brought us close and connected. We never intended to use this technology against us but we need to understand the consequences and make changes in the current models to prevent the harm in a similar way that we do vigilance of medicinal drugs to optimize their activity and minimize side effects. Artificial Intelligence is a useful tool in today’s data driven world but same tool used in social media platforms make the users addictive, depressed, low self-esteemed, politically polarized and decreasing democracies across the globe due to rising sophisticated algorithm searching. The companies must not hesitate to accept the facts and bring changes in their models to make them more user safe. The recent advancements in technology in the field of healthcare, automobile etc. are shaping the future towards sustainable development and improved life expectancy. We need more projects of sustainable growth that goal towards environment rejuvenation. We are observing the trend of natural aesthetic in products, packaging as people is becoming more aware of by products which is motivating the companies to opt for natural, plastic positive or cruelty free products/services.
Our lifestyle has completely transformed that runs in support of technology in our day-to-day life. And we are only going to progress from here and consume more of it in future. The technology has made our lives easier, has given us access to knowledge from anywhere and connected the world supporting globalization. In recent times, technology has drastically transformed the healthcare sector in wake of COVID-19 pandemic. The changes that are brought during the pandemic are long lasting and expected to continue for many years to come. While the tech industry is growing exponentially, we also need to address the by products of it and put more emphasis on plastic positivity, mental health issues, upending pollution and employment scenarios. Many projects are being introduced these days with this approach that will motivate the competitors to work with the same ethics. If we expect these positive changes in Tech industry, it can only be brought by leading players in this market that can afford optimizations of the effects on human life and invest in this direction.