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Development of Technology. Future Prospects of Technology in the Next 10 Years

Technology has been a powerful factor in developing the human civilization, their lifestyle and cultural environment as technology is considered one of the intrinsic parts of our society as well as cultural system in order to mold the core values of our social setup. Technology helps to develop human capabilities to change the world scenario, playing vital role to bring changes, related to human basic needs like food, defense, shelter, art, science etc. (Technology: Past, Present, and Future, 2003). Technology has been proved the most significant factor for every businessman how it helps to develop higher productivity and lower labor costs along with the massive profits. In the previous 100 years, the technology has been playing its leading role in almost every sphere of human life by introducing the modern inventions in the field of medical sciences, natural resources, engineering, printing press, telecommunication, internet, war weapons, global economy, etc.

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What would be the future prospects of technology in the next 10 years? There are a lot of modern research works of the modern scholarly researchers who are engaged in research in these perspectives. Technology will influence our social environment and standard of living in the next ten years rather than the current age. It is the digital era which will bring grand industrial revolution, leaving deep impacts upon the social members how they do business, buy, entertain, learn, inform and react (How Technology Will Change Society In The Next 10 Years, 2009).

In the next decade, the social aptitude of people will be totally changed and there will be advanced online systems for business trades and transactions. In this way, the people will be able to do business from anywhere either they are on vacation tours, on beach, social gathering, watching TV, business meeting or anywhere. The businessmen will be capable to do business by investing millions of dollars in order to generate massive profits of billions of dollars (How Technology Will Change Society In The Next 10 Years, 2009).

The employees of multi-national companies will work online without traveling to the offices, in this way; there will be great savings of gas, electric heating expenses, cost of offices and other supplies. In the modern age, the technology has been developing every day, by every minute; there would be entirely changed world scenario than it is now. In the next ten years, manufacturing plants will be functional by computerized system, manufacturing all products via computers. The business-oriented technology may ensure the exclusive production of the goods which will be more popular among the customers (How Technology Will Change Society In The Next 10 Years, 2009).

The information technology has brought great revolution by launching internet access to every layman and now it will affect the used books business directly as the voracious readers of books will prefer to buy new books via online sources or will have direct access to digital libraries to explore the desirable books, that’s why the consumers will have no more interests to buy used books (Varian, 2005).

In the contemporary age, the online booksellers have been running their business successfully by owning two-thirds of the markets of used books in US, there is no more future of brick–and–mortar stores as it is reviewed by the publishing industry. The online sales of general books have been growing rapidly with the ratio of about 30% every year and in the next ten years, trend of people will be entirely different than it is now, “The growth is really being entirely fueled by the online channels” (Wyatt, 2005). In nutshell, the technology development will be influential to change the human living standard in the upcoming decade, launching a lot of innovative inventions in every field of life.

References

Technology: Past, Present, and Future, 2003, Technology: Past, Present, and Future, Web.

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How Technology Will Change Society In The Next 10 Years, 2009, Web.

Varian, 2005, Reading between the Lines of Used Book Sales by Hal R. Varian, Web.

Wyatt, 2005, The Internet grabs a huge share in the used-book business By Edward Wyatt, Published. Web.

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StudyCorgi. (2021, November 17). Development of Technology. Future Prospects of Technology in the Next 10 Years. Retrieved from https://studycorgi.com/development-of-technology-future-prospects-of-technology-in-the-next-10-years/

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StudyCorgi. (2021, November 17). Development of Technology. Future Prospects of Technology in the Next 10 Years. https://studycorgi.com/development-of-technology-future-prospects-of-technology-in-the-next-10-years/

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"Development of Technology. Future Prospects of Technology in the Next 10 Years." StudyCorgi, 17 Nov. 2021, studycorgi.com/development-of-technology-future-prospects-of-technology-in-the-next-10-years/.

1. StudyCorgi. "Development of Technology. Future Prospects of Technology in the Next 10 Years." November 17, 2021. https://studycorgi.com/development-of-technology-future-prospects-of-technology-in-the-next-10-years/.


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StudyCorgi. "Development of Technology. Future Prospects of Technology in the Next 10 Years." November 17, 2021. https://studycorgi.com/development-of-technology-future-prospects-of-technology-in-the-next-10-years/.

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StudyCorgi. 2021. "Development of Technology. Future Prospects of Technology in the Next 10 Years." November 17, 2021. https://studycorgi.com/development-of-technology-future-prospects-of-technology-in-the-next-10-years/.

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StudyCorgi. (2021) 'Development of Technology. Future Prospects of Technology in the Next 10 Years'. 17 November.

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