The evolution of technology is such a big force that has brought about changes in the modernity of life. A lot of numerous changes has occurred from manual to automated technology in this world of today. Technology has brought about advancement globally and a lot of competition among individuals and companies. Globalization on the other hand is the spread of goods and services, technology, information, and jobs across national borders and cultures. In economic terms, it describes an interdependence of nations around the globe fostered through free trade. Technology has helped us in overcoming challenges facing globalization and international trade such as trade barrier, lack of common ethical standard, transportation cost and delay in information exchange, thereby bringing changes to the business world.
The impact of technology, has made a lot of technological experts collaborate with high tech companies and network providers around the world, which has increased the chances of growth in the market space globally also with the help of multinational companies. Technology has brought about advances in telecommunication with the use of internet bringing all nations together as one.
Furthermore, the advancement in technology has brought people all around the world to become closer and easy to reach. In the business world the availability of technology has made it possible for businesses to operate 24/7 daily as well as reaching a wider network of people. In as much as the evolution of technology has brought about globalization, a lot of challenges is still facing globalization such as infrastructural differences, laws and regulations, cultural differences, legal restrictions and so on.
The involvement of internet technology, is creating a separation between those who have access to this global network and those who do not. This could prevent certain categories of people such as people with low-income, the undereducated, minorities, and residents of rural areas — from receiving adequate access to the wide variety of resources offered by internet technology. Technology has brought about the use of Satellite, which we use on a daily basis for map location, weather predictions, broadcasting on radio and television. 18years ago the internet was commercialized, 17 years ago, the first mobile phone with internet connectivity was introduced, and as a result of advancement in technology, there has been a lot of improvement, devices have become lighter, smaller, portable and even more flexible.
In addition, Transportation has been made easy with the introduction of transportation platforms like Uber, Blot and so on. 15years ago, Google named the search engine of choice. 12years ago, blackberry was launched. 9 years ago, Facebook was launched and till date the social platform is everywhere connecting people and used as a platform to promote businesses. After which Twitter came into existence and till date is still one of the best applications to pass information. Over the years the introduction of IPhone and smart phones has made globalization very much easier.
As a result of growth in technology, virtual communication has been brought to light and today all around the world, one can work right in their comfort zone with the aid of technology making life easy for everyone.
In conclusion, the adoption of technology has established standards for quality and also allowing individuals to communicate and work from a distance with the aid of their devices and internet technology.
