The 21st century will be the age of emerging technologies. The Internet and its technologies will impact every sector of our economy. Even if you do not own a computer you have used or access to the Internet. The use of mobile devices, wearable technology and video surveillance all point to a future where the world is Connected. This is very much a part of the “Information Age” and it will impact almost every sector of the economy.
The most obvious impact will be on the economic development. The internet has helped unlock the door to international trade. It has led to the creation of a whole new economic class, the IT professionals. They can do more than create products they can sell to customers: they can write software that improves productivity and makes the whole economy more efficient. The impact of emerging technologies like the block chain will help them stay ahead of their competitors.
Another impact is in the social and political economies. The rise of smartphones, tablets and other digital technology based devices has increased connectivity. The increase in globalization and digitization has created a different sort of economics class, the digital elite. These are the people who use e-books, social network sites and apps for their education and economic empowerment.
This class does not have much in the way of real skills. They can leverage the power of technology to access information and do tasks that would have been too difficult or impossible in the past. The digital economy creates an economy of scale where economies of scale with the power of emerging technologies. This new economic class has been termed the “IT industrial revolution.”
One of the reasons for this economic elite is the availability of intellectual property law that encourages the creation of innovative products and inventions. The internet has made it easier for companies to make innovations and come up with products that will sell. More companies are turning to technology as a means to create new ideas. They use these innovations to market their products and services. The coming up of revolutionary ideas and new technologies is the result of the coming up of emerging technologies and the globalization of the computer industry.
The coming up of technology-related issues such as Artificial Intelligent computer programs androids, artificial intelligent robotic androids, virtual worlds and augmented reality also affect the economics of society. In the future, many more of us will be part of the digital economy. The knowledge economy affects the world. The future economic class of the future will consist of scientists, engineers, entrepreneurs and mathematicians.
The economic class that uses computers will continue to grow as the world becomes a digital landscape. Every day we live with better ways to communicate, conduct business and enhance our lives. There will be more high-tech gadget devices and software that will be developed. As our world becomes more technologically advanced, people of every economic class are able to participate in the emerging economy. This is the reason for the optimism that characterizes the economies of today.
The future is one of constant change. What is now will become tomorrow and what is now may become history. The economic class of the future will be able to enjoy the fruits of their labors by participating in the technologies of the future. We will have a much more sophisticated world that will allow us to enjoy the fruits of our labor. As technologies continue to improve, the future for the economy of the future will continue to grow stronger and healthier.