what are the technology impacts on finance, and government?

Expert Solution

Technology impacts on finance:

- There are big changes came in the finance sector because of the IT sector. Banking became too much fast and reliable because of it.

- Technology impact on a transaction via UPI and mobile banking. every bank has applications and UPI facility to transfer money from one account to another.

- There is more transparency came because of technology in transection and also another part of finance.

- Block chan is made cryptocurrency which is now the latest technology through which wallet came. amazon, flip cart, paytm and so many big companies have there owned a personal wallet facility. By this way, the definition of money is changing now.

- This way in the finance sector so many advantages came. and because of that transaction medium also change.

Technology impacts on Government:

- Because of technology, there are too many changes in the government part.

- Now the government started the campaign of online for there publicity.

- The election is highly effected by technology nowadays.

- The good or bad work done by the government is not exposing online and anyone can see it. who have mobile on hand.

- There are so many good impacts also can in government like a different type of facility provided by government rich at the end-user. and anyone can take advantage of it.

- The government does not take action or provide help of effected arias like flood and dry.

- This way the government also got too many advantages from technology.

venereology answered 1 week ago

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