Ever-Growing Technology

Ever-growing Technology:

Technology is used to try to shape the world for the betterment of humans. These changes are often related to basic needs such as food, shelter and defense and also be related with knowledge, art, or control. Generally the outcome of changing the world with technology is complicated and unpredictable. There might be unexpected benefits, unexpected costs, and unexpected risks. Foreseeing the effects of technology on human life is of great importance as its advancement. The major effects can be on a country’s economy and the environment. The technology grows every second and with same pace the e-waste is also generated. Today is the day of small and smart devices like smart-phones and tablets launched by many companies Apple, Samsung and Sony etc which affects the sales of laptops and computers. People now like to carry a small device rather than a bulky laptop, people now click photographs from a smart-phone rather than using a digital camera. So new technology is shaping a world we live in, in a way to make life easy and convenient for us.

In the annual report of 2012 Harvey Norman stated that the sales revenue from the New Zealand company-operated stores decreased by $NZ29.38 million (decrease of 4.0%) due to a combination of the challenging retail and climate natural disasters in New Zealand. The store closures in Christchurch arising from the earthquakes in early 2011 negatively impacted sales revenue. Upon translation into Australian dollars, the decrease in sales revenue was $13.64 million (decrease of 2.4%). The rate of decrease in Australian dollars was reduced due to a 1.7% appreciation in the New Zealand dollar relative to the Australian dollar.

So technology in turn affected by itself and the nature in which it prevails. This is the time of economic warfare with the latest technology as a weapon, where every company tries to launch a better