TECHNOLOGY AND

SOCIETY

Submitted to Respected
Mandeep Ma’m
Hiya Jayaswal, 6th April, 2020
TECHNOLOGY AND SOCIETY
Economic and Economic Social Economic
Social Impacts impact benefits
development
Secure
transactions

Ease and
availability

Net banking

Global
market
 Enables greater efficiency: Cloud
computing, Zoom, Skype, faster
calculations and data retrieval,
and many more.

Economic Enhance the effectiveness of

cooperation between different
and Social stakeholders : social media,
faster sharing, e-commerce.
development

Increases volume and range of

information available to people,
businesses, government : data
storage capacity, real-time data
sharing, access to remotest
geographical corners.
 Globalization : Example : commerce,
Phenomenon of a travel, trade, aviation,
fashion among others
borderless world

Example : online
Changes in buying, availability of
international trades and products real-time,
order / buy from any
distribution network part of the world.

Economic Changes in pattern of consumption

Impacts
Virtualisation of some products and
behaviours

Growing importance of Example : Ministry of

Communication
ICT sector (Telecom, IT etc)
 Mass market Enhanced Change in the Change in
access to freedom of way of relationship

Social enormous
range of
information
expression
and
association
working between
government
and citizens

Impacts resources
Example : Online
library, ebooks, e-
newspapers etc.
Example :
Facebook,
Instagram, Twitter
Example : Online
work distribution,
email network,
Example : e-
Aadhar card,
Salary transfers,
etc online payments fee payments etc
that is why lesser
visits to banks etc.
 Secure transaction : Funds
can be transferred easily,
from anywhere in the
world. The transactions
made are in a fully secure
ECONOMIC form and thus can be fully
trusted on.
BENEFITS Net banking : Purchasing
and payment can be done
online via bank accounts
at one’s convenience. Net
banking therefore ensures
the availability of funds at
the quickest .
Ease and Availability :
Banking transactions can
be done anywhere and
with convenience
transactions from.
Global Market :
Businesses can reach
the buyer in any part
of the world. Also the
buyer can have access
to all world market
 Technology
Positives
• Send and access information
anytime and anywhere
• Long distance
communication
• Help in business, banking,
education, health, online
shopping
• Geo navigation and Satellite
communication
Negatives
• Loss of personal details
• Overdependence
• Wastage of time online, and
thus less physical growth
• Prone to Virus, Frauds,
Phishing, Hacking, Scams