POSITIVE EFFECTS OF TECHNOLOGY
Answer:
Technology can be frightening, especially for organizations that have found success doing things a specific way and are hesitant to change. Technology is also growing at a quick speed, and unexpected change is something that many people aren't used to. However, if you fail to keep up with new technologies, you risk falling behind your competitors.
To set your mind at ease, remember that technology has always grown with the goal of improving our lives. Also, keep in mind that all technology was novel at one point. Those who were receptive to new technology had a better chance of benefiting from it. So, when new technology emerges or existing technologies evolve, have an open mind.
As a consequence of technological advancements, business methods have tremendously developed and improved. Technology has greatly enhanced one of the most fundamental aspects of running a business: the recruiting process. It wasn't long ago that businesses had few options when it came to hiring new personnel. You would need to place classified advertising in the newspaper or contact staffing firms for assistance. Even yet, the great majority of your employees would come from inside your own community.
Once upon a time, statistics were exceedingly restricted. Companies would only have monthly access to reports, making it impossible to make well-informed business choices. Executives can utilize automated software tools to gather and evaluate data in real time, which can then be presented and sent out as needed.
Technology has made marketing easier, more effective, and less expensive, in addition to boosting corporate strategy. Prior to the Internet, businesses could only place advertisements in newspapers and periodicals. They could also broadcast commercials on TV or radio if they had the funds. As the Internet expanded and social media platforms proliferated, marketing became considerably easier, particularly for small firms and startups with minimal advertising expenditures.
Transactions are significantly simpler and more efficient than they were previously. On the consumer side, innovations such as the credit card and the rise of e-commerce have made it simpler than ever for firms to offer goods and services to customers at their leisure.
Many more people and professions have profited from technology than simply the corporate industry. One underappreciated effect of technological advancement over the last few decades is the influence it has had on education.
The availability of online courses - Not everyone can attend college. Many people who would like to further their education are unable to do so because they are working, caring for families, or live too far away from their local institution to travel. All of that has altered thanks to online programs. Students may now enroll in online programs or attend single classes without leaving their homes and at their own pace.
Positive effects of technology and negative effects
5 positive effects
5 negative effects​
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