NOWADAYS WE CAN DO DAILY TASKS SUCH AS
SHOPPING, BANKING, AND BUSINESS TRANSACTIONS WITHOUT MEETING FACE TO FACE. WHAT
ARE THE REASONS? WHAT ARE THE POSSIBLE EFFECTS OF THIS DEVELOPMENT ON
INDIVIDUAL AND SOCIETY?
Owing to unexpected progress in science and technology online platform is one of those technological innovations that are boundlessly used in day to day life. In this ultra-modern epoch, we can do our myriad of work related to banking shopping and business transaction without any step out from home and meet the concerned person by the use of technology. Apparently, modernization and westernization are to be blamed for this universal phenomenon. However, it begets harrowing upshot on society.
Fundamentally, the predominant factors that evidently trigger it can be observed. To begin with, in this modern era, there is stiff competition among the people in all the walks of life whether professional or business life. People have to do work with more concentration so they hardly get the time to go outside to do the things personally so they reap the benefits of time saving consequently, by using technological innovations, do their work without meeting in person and benefited themselves considerably by doing the work with more output. Due to technology advancements all possible works are one click away. To vindicate, for shopping we use online sites and people do all business financial transaction by using the banking applications. Secondly, the exponential rise in pollution and traffic congestion on the road make the people mood change to do shopping and all possible works sitting comfortably at home. It is daunting task for old age people to go and stand in long queues negatively affect their body subsequently, they use online platform to do the work in easy manner. Thirdly, in modern era there is prolific increase in discounts and other lucrative benefits for the people to do easy shopping through the use of electronic commerce. The people can check quality and price of products on innumerable online shopping handles and make their decision to purchase the product. Plethora of payment methods is also host of ostensible factors to undertake online shopping for the people. According to BBC it is revealed that 25% increase in discounts on online shopping’s in last two consecutive years in compare to retail market.
Nevertheless, it entails myriad detrimental effects. Chiefly, in this contemporary era of online business of purchasing and to do other business transactions give rise to innumerable of cybercrime in the economy and have inherited downsides. The people get cheated from hackers by hacking their credit card and debit card by withdrawing the money or get transfer in their accounts resultantly online platform give birth to myriads of detrimental effects. According to Forbes online cybercrime increased 45% in accordance to last year. Additionally, the technological advancements have catastrophic effects on health of people. The people find the easy way out to do their work without any physical efforts. Sitting all the time in front of electronic gadgets and perform the work gives myriads of medical complications. To vindicate, regular watch the screen of laptop leads to eye strain, sit all the time give birth to obesity and chronic fatigue in the people. Besides, is use of more technology is good? Certainly no. The technological innovations make the people isolated within the four walls of the office or at home. This effects their valuable time to spend with the family and withdraw themselves socially from society by spoil the time on gadgets.
To recapitulate, the technological innovations are boom for the society and economy but people have to use them only for the indispensable work. The use of more technology in all the possible works have its own medical complication. The government should make more rules and regulations to save the people from cyber crime by expanding more security platform in accordance to innovations.
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