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In: Economics

Discuss and analyze the future of the PC. What significant changes, if any, are ahead, and...

Discuss and analyze the future of the PC. What significant changes, if any, are ahead, and what will businesses need to do to prepare for them? write in about 2500 words.

write in about 2-3 pages.

research report

Solutions

Expert Solution

Today’s era needs computer at every step of their life due to the fast pacing virtual world and their requirements. The ever growing requirements of PC has fastened up the process of technological advancements for making it more portable, useful and innovative and it will be carried further for the coming years.
The formation of new economy is based on the developments in computing, driving transformation an entire system of production, management and governance. It is everything we have or touch all day long, being an inseparable part of our lives. Starting with our daily lives necessities to the medical organizations, automatic working systems every invention has further enabled a wider impact on the societal norms. It is not just limited to be rectangular box on the desk with wired catalogs, but has been incorporated into each and everything we possess, making our life a technical beauty.
We have been witnessing the impact of technologisation in the recent years which have made many impossible matters possible. Wireless technology, reuters, better connections all around the world, use of bots at restaurants, hospitals, machineries, etc. So, it has become an amalgamate of physical, chemical, biological and technological field that contributes to an easy and amplifier life where work seems easier. The quantum computing have allowed to imagine a future where computers are no longer responsive only to zeros and ones but more major breakthrough.
Present day analysis
On the present day we can say that it is due to the use of technology, we have survived. In the pandemic situation, the online marketing tools, credit and banking system as well as other luxuries made the lives of the general public unaffected to an extent. Moreover the use of social networking sites keep us linked all of the world as well as updated.
Apart from this, technology is also used for delivering packages by using drones, for entertainment through more digital and real life like experiences, in medical fields, agricultural tools, qualitative products and tools, for addressing the dangers and threats and better diagnosing the natural calamities. These mini versions of fabricated computers have made life easier and more safer keeping in view that it is being used in a positive manner.
Some important breakthroughs can be shared as use of prosthetics that work under command of brain, biotechnology in agriculture, medical. Things have changed by configuring hardware and software by reducing human centered performance and making it work through artificial intelligence AI, virtual reality VR , augmented reality AR and mixed reality MR.
Future analysis
The future of a tech saturated economy holds both positive and negative impacts. So it depends upon the use and behavior of the one who has access to it.
1.   the use of quantum computing may be able to change the size of the computer to an atom’s size.
2.   Use of nano computing for diagnosing diseases within human body will help improving the health care status and diagnosis.
3.   Computers are everything and everything we have is equivalent to computer.
4.   Integration and Fusion of all aspects of human life.
5.   Formation of a new economy and new types of employment opportunities based on skills and knowledge.
6.   Ensuring quality and quantity of everything around us.
Technology in business
Automation, digital platforms and other innovations are changing the fundamental nature of work. The world of work is in a state of flux which is causing considerable anxiety and with a good cause or reason. This may reduce the number of human centered jobs but they carry an qualitative futuristic option that can be Compromised with low skilled labor. The competitive world demands an upgrade in everything and that comes in business to. Nowadays it has been a trend of searching global trends online without being physically present at a place. Meetings through video conferencing, Uber bookings, job matching sites are best suited examples.
Some significant changes are as follows.
1.   impact on operating cost – small business owners reduce the business costs as they enable to hire few but skilled labor and also ensure productive work.
2.   Securing sensitive information – business owners can use technology to create secure environment for protecting and storing sensitive information.
3.   Improve the communication process- business technology help the business owners to communicate in a better way through emails, texting, websites and apps by improving their incidence appan public.
4.   Increased employee productivity – small businesses increase their employees productivity by use of computer skills. They are able to shift it to more reliable sources and make the production more technical.
5.   Broaden customer base- technology allows businesses to target a larger public through advertising in international markets. This broadens the customer base and makes the product available for 24 * 7.
6.   collaboration and outsourcing- business technology allows companies to outsource business functions to other businesses in the national and international business environment. This helps them to receive the required technicians and arena to work upon.
So, the future of PC’s in our lives as well as businesses stand a very vital place as their all interdependent and integrated through the very minute details.


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