How does technology help speed everything up?
In the 21st century, technology rules all in this world. The internet has truly become the greatest tool that has helped to connect people from all corners of the globe. What used to take days or weeks, can now take hours or less. If you have a mobile phone or a computer, there are very few things you cannot accomplish in this day and age. So many of our devices use the internet in ways that utilize technology like Bluetooth, the Internet of Things, and 5G networks. Over 60% of the world’s population has direct access to the internet now, and this number is only set to climb with each passing year. Here is a closer look at some of the ways in which technology helps speed up everything that happens in our world.
The internet is a wonderful thing when it comes to the ability of people to learn. This does not just apply to traditional education like at a university or college. Platforms like YouTube allow us to learn any new skill we desire in our free time. Students around the world can take part in educational classes that they otherwise would not have access to in person. Technology helps tackle language barriers and even allows easier access to education for people with disabilities like being blind or deaf.
Another side of education that we do not often think about is research. Science and technology work hand in hand and new discoveries and advancements are happening on a daily basis. Technology has allowed us to discover things about our world that were once never thought possible. During the COVID-19 pandemic, education services transitioned seamlessly to a digital experience for students. There might have been a learning curve for teachers and professors, but in the end, students were able to continue their education, and we have the technology to thank.
Technology has helped businesses increase efficiency by reducing the redundancies that employees perform. Implementing things like artificial intelligence and machine learning has helped cut costs by saving time and re-allocating human staff to more pressing needs within the company. Advancing technology also utilizes data analytics to isolate and target operational deficiencies. This can also help to identify where the business is excelling, and how to work towards future successes.
But it’s not just efficiency for companies, but operations and logistics too. Companies like Amazon have built a global network for their eCommerce platform. This includes a vast network of fulfillment centers that are becoming increasingly automated as technology advances. Improving the machine learning of its website allows customers to have an easier time finding products to purchase as well. Finally, Amazon is set to add a full fleet of clean-energy electric delivery trucks, which will cut down on fuel costs as well. All of these factors in tandem, allow Amazon to have one of the most efficient and organized systems in the world that enables us to receive our packages in 48 hours or less.
Few industries have benefited from advancing technologies like the entertainment industry. The digitization of things like movies, music, and gaming has completely altered how we consume our entertainment. Online gaming has surpassed all other forms of entertainment as the largest market in the world. The availability of online gaming has certainly helped its cause, especially now that it can be accessed directly on our mobile phones as well. Online casinos have provided an alternative way to playing real casino games in the comfort of your own home.
The global online casino market is estimated to return anywhere from $75 to $100 billion in revenues in 2021. As widespread legalization continues to move forward in the United States, the domestic online gambling market stands to benefit. This year alone, we have seen legalization in states like Arizona, Maryland, and Louisiana, while other states like New York should be joining the party in 2022. Users can access online casinos in the United States from their computer or in some cases from mobile applications as long as they are physically located in a state that has legalized online casinos.
Technology at online casinos has also vastly improved and now features things like virtual reality card tables and live dealers as well. It’s not just the games that have improved, the security features at online casino sites provide top notch encryption to ensure that your personal information and payment methods are protected. Finally, technology comes in many forms, which in the 21st century includes digital currencies. Yes, many online casino sites now accept cryptocurrencies as a legitimate form of payment and deposit, which allows for both faster and safer online transactions.
We just discussed the acceptance of cryptocurrencies at websites like online casinos, but for people who prefer fiat currencies technology is helping you out too! A large majority of consumers now do their banking primarily online. Paying bills and transferring funds has never been easier, and you won’t have to touch a check or wad of cash to do so. Electronic transfers can distribute funds to other accounts in a manner of seconds and can be accomplished from both a computer or mobile phone. Other Fintech companies like Square or PayPal have created their own super apps for organizing your personal finances into one single platform.
Have you ever stopped to realize how easy it is now to make a payment? With advancements like the Apple Wallet, you quite literally never need to take your wallet with you again. Add all of your payment options directly into your mobile phone, and the company is even testing out digital versions of driver’s licenses as well. Paying with your phone utilizes near-field communication technology or NFC, to execute a contactless transaction. This technology is also available in credit cards and other payment methods that allow us to simply tap the card or our phone directly above the payment terminal. Without any of this technology, we would still be waiting days for simple fund transfer, and minutes instead of seconds to sign our credit card receipts!