People Have Become Overly Dependent on Technology Term Paper

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Overly Dependent on Technology

The relevance of technology cannot be overstated especially given that very few aspects of our lives remain untouched by the same. In the recent past, significant advancements have been made on the technological front with innovation being the primary driving force behind the advancement. Today, technology plays a key role in shaping the way we communicate, learn at school, or even access news. Advances in technology have over time been beneficial to the human race especially in the field of medicine. However, regardless of the critical role technology plays in our daily lives, questions continue to emerge on whether we are becoming overly dependent on the same. In this text, I highlight some of the trends that point to our increased dependence on technology.

The Relevance of Technology: An Overview

That technology has significantly aided commerce is a well-known fact. Recent advancements in e-commerce and online banking have significantly aided world economy. Today, unlike a number of years ago, distance and time are no longer considered barriers to commerce and trade. Thanks to technology, modern societies are now able to conduct business 24 hours a day. Further, technology has significantly made communication more reliable, efficient and robust. Today, it has become relatively easy and cheap to communicate with others regardless of their location. For instance, thanks to video conferencing technology, individuals from different parts of the world do not have to travel for meetings. This has saved organizations millions of dollars in traveling expenses. It is also important to note that medicine in one way or the other remains one of the main beneficiaries of advances in technology in modern times. This is more so the case when it comes to the development of more effective drug varieties and better medical tools and equipment. Technology has also led to the further development of the educational sector.

People Have Become Overly Dependent on Technology

The relationship between technology and commerce today can be regarded rather extensive in comparison to a few years ago. A number of decades ago, no one could have imagined of trade being conducted over an online electronic platform.

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Today, e-commerce is increasingly becoming a standard as far as the conduction of commercial transactions over virtual systems is concerned. This is however only a tip of the iceberg. Technology is increasingly becoming intertwined with business and commerce. The U.S. Census Bureau has in the past according to Warren et al. (2006) pegged the growth of e-commerce sales at 25% per annum. Today, millions of virtual financial transactions rely on technology. For instance, the stock exchange market is largely automated and so is the banking industry. Indeed, it is hard to imagine of how things would be without such a high level of automation in these two instances. However, to highlight the extent to which business and commerce have become dependent on technology, one might find it necessary to consider a scenario where all the existing automation is taken away. In my opinion, the financial sector would temporarily come to a total standstill before order is restored.

Next, although technology has significantly aided communication, there are concerns over the later becoming too dependent on the former. This is more so the case with the growing popularity of social networking sites which are regarded addictive. Employers are some of those on the losing end as employees spend a significant time of their productive hours on such sites. This is a negative consequence of overdependence on technology especially for communication and socialization purposes. However, on the other hand, a number of organizations are today well represented on face book. Here, they use the social networking platform to either communicate with employees or scout for new ones. This is yet another instance of dependency on technology for communication purposes. There are also concerns that with a wide range….....

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