Future Technology Essay Example For Students

Future Technology Essay People often think that future is all about flying cars, robots and spacetravelling. Maybe it will be like that, who knows, but at least until this daythe changes havent been remarkable. Companies are all the time investing moremoney on research and development. This indicates that companies and governmentare interested to achieve and find new technological inventions that wouldchange the markets. All ready one of the computer related inventions, Internet,has changed the spreading of information globally. E-companies are stocks arerising in the stock markets like rockets. This is a great example how futuretechnology will change the economics around the world as it affects greatly oureveryday life. Internet is worldwide network of connected computers. Thisnetwork enables you to communicate with the rest of the world in differentways.(1) Has been approximated that the total amount of information globallydoubles every 18 months, which indicates that internet, as an important part ofmedi a nowadays, affects everyone of us though we might not have a possibility tobe on-line. The approximated number of people who are on-line daily is more than18%. As you can imagine and as you probably may have seen, there are a lotcompanies. You can find the big ones like Coca-Cola, Disney, Xerox, IBM. Apartfrom supplying (product) information and amusement, they mostly use the web forname and product branding (recognition). Theres a completely new industry withlots and lots of Net based companies like the search engines, banner exchanges,hosting services, (Net) marketers and software enterprises. And there areothers, which have expanded their originally offline business field to the Net(Credit Card companies, Researchers, Marketers, Yellow Pages). Small and mediumbusiness companies selling to consumers. A great part of them use the Net toexpand their offline business, others try to make a living on it. And some ofthem see the necessity to transfer from one to the other in the future . Business-to-business companies are also found on the Net. In short, all kind ofenterprises have taken the step to the online world.(2) Internet is not onlya way to spend time surfing, but it is also an very good way to make money bytransforming products, services and markets. It is an easy way to reach peoplewhen thinking advertising and it is an easy way to people to reach theinformation wanted, but the competition between companies in the virtual realityof Internet, is as hard as in the real world. Governments space program alsoinfluences and will influence economics of the future. U.S. governments NASA(North American Space Association) has done great job exploring space andresearch new opportunities in outer space and other planets. The question is howthe new future technology will change the direction of economics and by that ourliving on Earth or maybe on some other planet The world population is growingfast. The room to live on earth might be a problem in future, and Earth migh tnot be able to feed the upcoming population. This is one of the reasons why wehave to explore the space for new opportunities. The problem is the money. Aretaxpayers willing to pay? After the resent failure of sending a $266 millionPathfinder to Mars, taxpayers started doubt is the space program worth it, butmistakes that are caused by understaffed and overworked space teams are notunique to interplanetary missions, like NASAs Pathfinder mission. A singlebroken cord can turn to a $400 million cost, but who said it is not risky.Isthis $450 billion plan going to give taxpayers their moneys back? No, becausethe new technology will help their children and grandchildren to live theireveryday lives in polluted and overpopulated environment caused by the pastgenerations. In recent years, cost-reduction efforts throughout Americasspace industry have had profound effects on the workforce. Older and moreexperienced workers were the predominant target of cost-conscious layoffs or ofcontract s wapping prior to retirement-benefits vesting. But even the youngerworkers, supposedly their eventual replacement, were victimized by thecuts.(3)This is what the taxpayers should understand; their selfish use ofmoney on researching new technology might be a threat for the futuregenerations. If we were to bring back a rock in 2005 that clearly showsevidence of ancient life on the planet or fi we were to find evidence of life onMars, that would be great impetus for a human program. A manned mission musthave a compelling scientific or economic rationale, said