How Does Technology Affect The World

Technology like culture, varies significantly across counties. Technology means we can adapt to our environment, control it and even change it. A chair, computer, fork, iPod, couch, and phones are all products of technology. The variation and availability of technology are often surprising, particularly to an entrepreneur from a developed country. Technology has come a long way over the last 20 years. It has seen the gain of the internet as well as the rise of smartphones and many other types of amazing electronic and gadgets, many of which exits because of the internet. The web has to be one of the best inventions that have ever seen, it makes so many things much easier and things just keep better. Because of all new amazing technology some old business models have been
Research from various countries data confirm the positive effect of ICT on growth. For example, a 10 percent increase in broadband penetration is associated with a 1.4 percent increase in GDP growth in emerging markets. In China, this number can reach 2.5 percent. The doubling of mobile data use caused by the increase in 3G connections boosts GDP per capita growth rate 0.5 percent globally. The Internet accounts for 3.4 percent of overall GDP in some economies. Most of this effect is driven by e-commerce where people advertising and selling goods online. Technology also encourage new entrant into the market where it will create more and more business innovator. In OECD countries, more than 95 percent of businesses have an online presence. The Internet provides them with new ways of reaching out to customers and competing for market share. Over the past few years, social media has established itself as a powerful marketing tool. ICT tools employed within companies help to streamline business processes and improve efficiency. The unprecedented explosion of connected devices throughout the world has created new ways for businesses to serve their