Technology and Economics – The Emerging Trends in 2013

by adm2 on August 1, 2013

Technologies and Economics move in tandem. Technical development increases effectiveness and productive capacity of the economy; that leads to long term economic development and prosperity. Present day competitive landscape of various systems is under-pinned along with extreme competition, temporary disruption of current systems; accompanied by commoditization due to reduced cost barriers. Here are five recent good examples of rising technology trends:

1-Stock Markets of World have grown to be extremely volatile because details are executed instantaneously with out giving any kind of response time for marketplace players to perceive the level of basic principles. It takes much longer to analyze the fundamentals of stocks compared to assimilation of immediate communications bombarded in fragments of mere seconds. This kind of plethora of messages, coupled with Media hype, has established designated unpredictability in the Capital Markets of the world.

2-Although Facebook and LinkedIn are not really competitors in accurate sense, LinkedIn has done much better job in conditions of money generation; and consequently surge in its stock as compared to Facebook. The main driver behind cash generation is actually proper positioning of LinkedIn in the talent acquisition industry, primarily in North America. It has allowed the company to double it’s stock in one year; whereas Facebook continues to be struggling to recuperate its stock hiding a lot beneath compared to it’s Initial public offering point.

3-There is an exponential growth of large information, that decides the aggressive landscape and future development route of companies. Traditionally information was restricted to sales and inventory; which did not present alternative image of a corporation’s performance. Now the trend is to accept Big Information, entailing Social media and Business Intelligence. There is a massive on-going demand for housing and securing this particular information utilizing Cloud compatible options.

4-Crowd-funding is another rising trend supported through online systems. If successful, it will disrupt the standard venture naturalist design. Through the perspective of technologies, this particular model encounters couple of challenges. Nevertheless, from the rules perspective, presently there are formidable problems, in particular for the conservative regulatory regimes like Canada.

5-The trend can also be to “connect everything to internet” utilizing mobile technologies. This ultra-integration would need extremely data rigorous processes combined with telecommunications – all folded onto the emerging world of cloud processing. Nevertheless, this “technology utopia” of ultra-integration is replete with three key problems: First, security of information in the world of cloud computing is a colossal challenge, although some companies like BlackBerry claim to have viable options. Second, telecommunication costs place restriction on what could be an optimal solution in terms of benefits versus costs. Third, it is rather difficult to exercise a lean and environmentally friendly design which avoids unnecessary mass confusion.

To determine, technologies are playing an ever more unsure but extremely important part in framing the contemporary world; and this has massive economic ramifications at each macro and micro levels. One key implication is that most disruptive technologies are invaded through flood of new newcomers till which technology is commoditized to a great extent. This adds intricacy to the fast changing landscape of new rising systems and how effectively this can satisfy customer needs.

 

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