Since the Industrial revolution, consistent demand for goods, services, and finished products has dominated local market trends. Technological integration was imperative as it assisted laborers, enterprises, industries to expedite their tedious processes and increase their efficiencies. Apart from the technology industry, many other industries have gained immense pace and operating at their best capabilities. In this highly capitalized and result-oriented world, every organization strives to make substantial profits and millions of dollars in revenue. Tech-driven industries have shown interest in developing AI-based machinery, software, and automated models to increase production speed without compromising output quality.
How Has Technological Intervention Changed Ongoing Market Trends?
Before 2020, people were keen on investing in stocks, real estate, developmental schemes, government bonds, and commercial portfolios. But now, individuals are enthusiastic about knowing digital market trends and technological integrations. The tech sector made a record hiring of 5.3 million employees of the US in 2020. The rate of hiring seasoned computer experts and software engineers is expected to grow with ongoing technological advancements. Canadian and other North American markets have also sensed an ongoing digital revolution will likely impact emerging economies and other financial sectors.
Since the first supercomputer in 1964, technological inventions and developments have dominated ongoing market trends. Whether it be a microcomputer chip or an entire mainframe computer, the tech experts in Silicon Valley are determined to boost the Tech industry by 200% to achieve maximum results. Every day we wake up, we find ourselves surrounded by new software and automated control systems that have simplified human working needs and behavior.
How Have Technological Developments Impacted Our Lives?
Before 2005, individuals had to rush to public phone booths and call centers to make important calls to relatives and friends. However, now every individual is connected to thousands of individuals via WhatsApp, Viber, Facebook, and other messenger applications. Telecommunication and the internet have made inaccessible and remote regions accessible. Let’s take the example of washing machines and dishwashers, who would have thought 2 decades back that clothes and dishes would wash by themselves and we would just sit back and relax for a while. As the world is evolving, technological advancements are dominating every aspect of life.
Simplified Online Banking and Financial Services
Digitalized banking services have made transferring money, paying bills, and applying for loans very simplified and easy to operate. One can make financial transactions from any region of the world without paying a visit to the cashier sitting at the other side of the window in land-based banks. Now individuals can deposit any cheque by scanning its digit and serial code through their mobile phone devices and avoid the hassle of driving to banks and standing in long queues. Digital payment methods and end-to-end encryption coding have simplified and secured online financial transactions.
Easy Access to Online Ventures and Entertainment Industry
Online digital markets and social platforms have connected many individuals on various media. The diversified culture of communication and social interactions has made people live in a globally virtual village. The ease of access to content and online entertainment like casinos have completely revolutionized people’s lives. Who would have thought gambling and betting online would have been so easy and realistic? Online casinos and betting platforms have integrated AI-based technology and software to create a user-friendly environment, attracting thousands of avid gamblers every night. About 80% of the adult population of the US has registered on online betting sites and prefers gambling online in virtual casinos. Before 2018, people had to go out and wander on streets and downtown to search for ideal betting platforms and casinos. But now, online casinos are one click away, where you can filter your preferences and select your favorite games. Seasoned and avid gamblers can play Poker, Russian Roulette, Baccarat, Bridge, and many other exciting casino games online without any hassle or glitch.
Greater and Improved Connectivity
Every 7 in 10 individuals have smartphones and data packages enabling them to connect virtually and stay updated with ongoing market trends. With continuous technological advancements, individuals stay connected on various social platforms. With stable internet connections, users can talk for long hours, stream content without buffering, and remain online for up to 24 hours a day. With greater and improved connectivity, users feel attached and valued on various social media platforms, which helps them develop self-confidence and public dealing skills.
Improved connectivity and simplified user interfaces made accessing the internet and social platforms relatively easy for aged and senior citizens. In the US, about 46% of the population aged above 65 have registered Facebook accounts. Communication is the only tool that keeps individuals feeling valued and important in this fast-growing and digitalized world.
With access to telehealth clinics, individuals could stay at home and interact with computer-engineered doctors and consultants who provide prompt consultations to patients and individuals who have contracted any disease or have some symptoms. Moreover, mobile telehealth applications are easily accessible and were next to Gold during an outbreak of the Covid-19 virus during which people couldn’t physically contact their physicians and family doctors.
Digital Learning Environment
Before 2014, who would have thought professionals could complete their certifications and professional degrees online, but now about 76% prefer learning online in a digitally friendly e-learning environment. During the COVID-19 outbreak, educational institutes were shut down to avoid physical interactions and contain the spread of the virus. During these medieval times, online digital platforms made education via laptop, mobile, and computer screens easily accessible to millions of students of almost every age bracket.
How Do We See Technology Industry in Upcoming Years?
Technological advancements will completely revolutionize and modify ongoing manufacturing, building, and packaging processes in the upcoming years. Automation and AI integrations would create more jobs for professional and skilled individuals in the IT, Telecom, Production, and Manufacturing sectors around the globe. It is likely that by 2030, about 6.1 million individuals will be involved in the tech and automation industry of the US.
