In: Economics
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
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.