Carr also states that in the future that some type of system will become the top priority in life. Real quality knowledge is almost lost because of the internet and the cultural that is lived in today. In the world today the web or some type of electronic device is used everywhere. About all jobs require some type of knowledge of electronic devices because it 's easier to keep up with data and storage. For example, doctors can keep up with patients personal records and keep up with inventory.
Technology has come a long way, from delivery messages by horse to just picking up a cell phone. Technology is becoming a major role in all aspect of our modern lives. Typically, the effects of technology can be seen in economics around the world. Advances in technology can be linked to increases in manufacturing that affect the country’s Gross Domestic Product (GDP) and creating jobs to help lower unemployment. While a lot of technological advances are in regards to process improvement like industrialization that seems to eliminate unskilled positions, technology helps produce other skill positions that offer higher pay and better opportunities.
Life was difficult without technology in the past, when scientist and engineers developed series of instruments, soft wares, computers etc. life became so much easier for people. Technology is now part of people’s lives. Almost all the population of the world depends on technology and make use of it everyday. Technology has made the world change in so many different ways, technology has made businesses more efficient, companies from different locations can communicate easily with each other through video conference.
There is almost no escape from using a computer. Whether we like it or not, our day to day lives is surrounded, organized, and governed by computers. The cell phone that wakes us up every day (there could even be a chance that the phone you have in your pocket has some Microsoft patented feature), the car that carries us to work -if it is relatively modern-, and of course, the computer we use to work, or even the computer I’m using to type right now. All of this could not have existed without the wisdom and visionary minds of people like Bill
The internet allows teams of professional anywhere in the world to collaborate on any project at the same time. Also computers can do repetitive tasks faster with fewer errors than humans. Business doesn't occur eye to eye as regularly as in the past. Instead, today's communication depends upon phone calls and messages chains that make it testing to become more acquainted with your accomplices. It's been a typical mourn among business people disappointed with the innovation that has turned into the standard in their everyday lives (Burg, 2013).
Technologies will boost management efficiency and delivery system because all transactions will be carrying out digitally. Billions of people are connected by mobile devices, with unprecedented processing power, storage capacity, and access to knowledge. More laptop computers would be used in school for education. Meanwhile, it has also threatened the age-old business model today, especially in a cashless and credit-cardless society. Traditional media industry for example would be hugely affected as people only need to use smartphone and computer to read news which is more interesting and convenient to the readers.
In the same time, the rapid development of the Internet also expanding smartphone function similarly changing people 's the way of communication. According to the study published by Martin Hilbert in Science (Hilbert and Lopez 2011), 95 percent of all information existing in the planet is digitized and most of it is accessible on the Internet and other computer networks. Internet has changed the distance of people, understanding of the place and their way of life, so that people can do anything without worrying the time and place
“It’s not that we use technology, we live technology.” This quotation means that our generation today is more dependent in technology; some of us cannot live without these technologies even though technology is just our “wants” but they made it as their “needs”. Technology can make any work easy and fast that’s why most people prefer using it than doing manual work. A Smart Phone is one of the many examples of technology that most of the people use today, Smart Phone is a mobile phone that performs many of the functions of a computer, typically having a touch screen interface, internet access, and an operating system capable of running downloaded applications (“Smartphone.” Oxford Dictionaries, Oxford University Press) and also a Laptop which is defined to be a
Amkor Technology Philippines, one of its manufacturing facility maintains a long term strategic vision through quality, leading edge technology, assurance of supply, and cost thru competitive pricing and efficient operations. The global semiconductor market has been experiencing a stimulating growth in recent times because of the advancement in technology, emergences of mobile devices and consumer electronics, and a new application areas are further expected such as the in the field of automotive where more and more integrated circuits are being installed as the industry migrates from analog to digital. Although intense competition, pricing pressure and product life cycle and cost hamper the growth of semiconductor market, it is anticipated that the global semiconductor market will sustain positive growth in the coming years.
Foreign direct investment (FDI) include foreign ownership of productive assets, such as textile factories, mines and land. Due to increasing foreign investment one country can compete an international level and hence FDI is a important measure of increasing globalization. Any shape of Investment brings a progressive outcome in an economy, May on national level or international level. Now a day’s foreign direct investment (FDI) is very important part of international economics. IN case of Pakistan where markets and economy are developing so in this case Pakistan is much need of foreign investment.