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E-technologies have changed modern social life

Discuss about the E-Technologies Have Changed Modern Social Life.

With the advancement and revolution-taking place in e-technology, human life has transformed drastically. The effects of advanced e- technology can be both negative as well as positive. Even our way of greeting, wishing and interacting with each other has also changed. Like earlier, we used to send wishes via post offices manually but now facility of e-mail or e-card has made our life much more comfortable we do not have to go anywhere and within single click, of mouse we can make our work done (Engadget, 2016). Tourism sector has also changed tremendously now we do not need paper printed bills and tickets everything can be done online without wasting our time standing in queues. E-technology has even made our mode of payment much easier, safer, and comfortable. Gone are the days when we used to get unsecure about keeping huge amount of cash with us (Medium, 2017). Each human being keeps on experiencing how advancement in e-technology is changing his life in enormous ways. However, at the same time the supplier of these technologies have to be well equipped in order to overcome from the threats and risks associated with these technologies. Several steps are taken by the supplier of e-technology to ensure smooth supply and prevent risks and threats associated with these technologies.

With the changes taking place in e-technology, people are adopting new habits. They are implementing new ways in their life. The future of e-technology will be quite interesting than it is at present. Modern technology has made everything possible, easy, faster, approachable, better and fun-filled. Even a teacher can impart knowledge to his student when there is no face-to-face contact between them. Place is no more a barrier and physical presence is not needed. Various communication facilities that are available online save our time. Today technology has almost changed everything way of imparting education, way of communication, tourism sector, food sector, promotion techniques and many more. This technological revolution has changed many things that affected social life of people. Within nanoseconds and picoseconds, we can get our work done without much hassles (Aginginplace, 2017). Even for doing shopping we do not have to waste our time by going to the shops or malls physically. With the help of e-commerce doing shopping by sitting at home become much more convenient. It saves both our time as well as efforts (Lifehack, 2018). Today people are enjoying quality of life in this technological society where dynamic changes keep on taking place. In early times, people used to carry money physically along with them, which was not considered safe option for them, due to fear of theft and loot but with the advancement in technology e-banking facilities, ATM facilities, online payment facilities, and many more options are being added in our life due to technology. Our life has become quite easy, comfortable and less risky. Now no more tension of theft and loot. This has made people’s life less risky and tension free. Now no need to carry heavy amount of cash everywhere. These technologies are fulfilling the desire and satisfying human beings. Even life expectancy rates of human beings have increased due to the advancement in medical technology (Brey, Briggle & Spence, 2012). Technology has removed many barriers and hindrances in life earlier physical presence was always needed for communicating and interacting someone but now with the help of internet facility and social media platform communication is no more a problem even if the person is miles of distance far away from us. Physical meetings are no more necessary. Interaction can be made with each other via social media tools such as Skype, Facebook, Instagram, video calling and so on. Our social life has become ultra-modern in term of contacting people and making new contacts from different people. Use of e-technology has removed and dissolved the barriers of national and international boundaries. These kind of digital tools helps to bind the people together. Social media helps to make people aware about their surroundings and get them well updated about what is happening in the world e -technology has also changed the way of promotion. Earlier promotion and advertising was limited to newspaper, magazines, Television, and radio. Now even the way of promoting and advertising things has changed significantly. Now promotion can be done in various ways via websites, mails, social media platform and many more. This kind of promotion is gaining more attention of audience as these include creativity and innovation (Mangold and Faulds, 2009).

Pros and cons of e-technology


Every technology has its own pros and cons.The e-technology has both favorable as well as unfavorable impact on people lives. If it is used wisely, it can prove blessing for us and if not then it can be a curse for us. Although technology has made our life much more comfortable than it was before but at the same time, it has made people dependent and addicted of the use of technology, which may not be good for one’s health. For example: Excessive use of mobile phones and i-phones leaves negative impact on the user as the rays coming out from it are harmful for human body and it may lead to dire consequences. Dependence of people on technology has made them lazy and quite formal in relationship even with their friends, relatives, and family-members. Instead of meeting them physically, a simple hi/hello via social site is becoming popular. In this advancement era of technology an individual himself has to decide his limits and to what extent the use of technology is safe and convenient for him (PCWorld, 2012).

However, technology has changed the everyday routine life of an individual. Nevertheless, it has some threats, uncertainties, and risks associated with it. A supplier is a person who needs to be well equipped for the risk associated with its business. Being a supplier of an e-technology, it is important to mitigate, minimize, and alleviate the effects of risks and threats associated with it as far as possible (Sodhi and Tang, 2012). Supplier risk management is necessary for a supplier of e-technology. Any kind of loophole in his supply will lead to serious repercussion (Supply chain and demand executive, 2010).  Suppliers to overcome from the known and unknown risks should use robust strategies. It is essential for a supplier to do proper planning in order to overcome from the risk and threats related with e-technology. Risks and threats that are associated with e-technology are as follows:

  • Technology failure: To prevent technological failure effective planning is needed. An ideal supplier always keeps him ready with back up and contingency plan so that dire consequences of technology failure can be avoided as far as possible and keeps him updated about the latest technologies. By doing this a supplier prevent his loss of revenue, minimize negative impact of failure and reputational damage. It is important for a supplier of e-technology to maintain goodwill and good image.
  • Cyber Security: Cyber security is the first and foremost priority of a supplier. Major areas that a supplier covers in cyber security are application security, information security, network security, and disaster recovery.

Some basic techniques used for application security are role authentication and authorization, input parameter validation, session management and exception management.

Information security helps to protect valuable information from unauthorized access in order to prevent identity theft and privacy. For this identification, supplier uses authentication of user and cryptography technique.

Disaster recovery planning is essential to resume daily business operations as fast as possible after a disaster takes place. As it can affect normal routine functioning (Business Queensland, 2016).

How suppliers of E-technology overcome risks and threats associated with it

Network security includes use of anti-virus, anti- spyware, and firewall, virtual private network (VPN) to provide secure remote access and intrusion prevention system (IPS) in order to identify fast spreading threats. A supplier gets its system updated with latest anti-virus and firewall so that it can protect the valuable data from attackers and hackers (Antonucci, 2017). Hackers may misuse the data in case if the respective supplier does not take proper care and steps.

  • Change in technology: As we live in a dynamic environment so change is a part of it. Technology keeps on changing with the development. Suppliers get themselves updated with latest innovative and updated technologies. If they do so then only they will remain in position to compete with other suppliers prevailing in the market.
  • Confidentiality of information: It is important for a supplier to keep its internal information confidential so that no one can misuse information that is external and confidential. Otherwise, any kind of leakage of confidential information may adversely affect a supplier.
  • Data loss, data quality and decision quality: A supplier ensure that that data should be of good quality so that losses due to factors such as process failure, compliance issue or declining customer satisfaction do not take place. In addition, a supplier  make sure that the loss of data can be recover or store by making proper back up plan and accurate decision support information such as analytics.
  • Security vulnerability: A supplier must wisely choose Strong passwords and strongly designed software that helps to reduce the risk of security vulnerability. A weak password and weakly designed software are always at the risk.
  • Natural disaster: Natural disasters are uncertain events that can occur anytime. These include floods, tsunami, cyclones and many more. They can lead to severe disruption of e-technology. However, the supplier via use of geographic information system (GIS) that includes hazard mapping, threat maps, disaster management, and records management and remote sensing system (RS) that can be used to prepare seismic hazard map in order to access the natural risk and uncertainties can control them to some extent (BBC, 2012).
  • War and terrorism: War and terrorism are unforeseen future events. They are unknown events that can take place any time. An ideal supplier always makes provision in case of break out of war and terrorist activities in the country. These kinds of activities can disrupt the functioning of a supplier and need to be addressed as soon as possible (Bigdoli, 2010).
  • Cyber insurance: In order to overcome from risks and threats a supplier always opts for cyber insurance. This insurance is also known as cyber risk insurance or cyber liability insurance coverage (CLIC). This insurance coverage helps to mitigate the risk that a supplier may face. This type of insurance generally covers expenses that are related to first parties and third parties. However, this insurance cannot protect the supplier from cyber-crime but can keep the business stable by providing financial aid to the insured supplier (Cio, 2016). Cyber insurance includes data breach management cover, multimedia liability cover, extortion liability cover and network security liability (Computerweekly, 2018). 

Conclusion

From the above it can be concluded that Change in technology is a dynamic process and keeps on take place with time. Advancement in technology has changed the modern social life of people drastically. Their communication process, knowledge gaining process, way of interacting with people, mode of making payment have become digital and many more have changed with this advancement (Techcrunch, 2015). Technology has made their life much more easy, simple, convenient, and comfortable. All thanks to innovator and suppliers of e-technology. Though these suppliers of technology are doing a great job for us but at the same time, they are under obligation to manage the risks related with the supply of e-technology. To do this firstly they have to identify risks and threats and then based on that they have to take proper and effective measures to mitigate these risks. So that they can provide flawless and smooth flow of services to the people without any interruption and people can make use of it smoothly to make their life comfortable.

References

Aginginplace. (2017) Technology in our life today and how it has changed. [Online] Available from: https://www.aginginplace.org/technology-in-our-life-today-and-how-it-has-changed/ [Accessed 25/07/2018]

Antonucci, D. (2017) The cyber risk handbook: creating and measuring effective cybersecuity capabilities. USA: John Wiley & Sons.

BBC, (2012) Can we protect technology from natural disasters? [Online] Available from: https://www.bbc.com/news/technology-17299249 [Accessed 25/07/2018]

Bidgoli, H. (2010) The handbook of technology management, supply chain management, marketing and advertising, and global management. USA:John Wiley & Sons.

Brey, P., Briggle. A., and Spence, E. (2012) The good life in a technological age. New York: Routledge.

Business Queensland. (2016) Reducing IT risks. [Online] Available from: https://www.business.qld.gov.au/running-business/protecting-business/risk-management/it-risk-management/reducing [Accessed 25/07/2018]

Cio, (2016) What is cyber insurance and why do you need it? [Online] Available from: https://www.cio.com/article/3065655/cyber-attacks-espionage/what-is-cyber-insurance-and-why-you-need-it.html [Accessed 25/07/2018]

Computerweekly, (2018) An introduction to cyber liability insurance cover. [Online] Available from: https://www.computerweekly.com/news/2240202703/An-introduction-to-cyber-liability-insurance-cover [Accessed 25/07/2018]

Engadget. (2016) How technology has changed our lives? [Online] Available from: https://www.engadget.com/2016/10/30/how-technology-has-changed-our-lives/ [Accessed 25/07/2018]

Lifehack, (2018) 10 ways technology can make your life easier and secure. [Online] Available from: https://www.lifehack.org/451123/10-ways-technology-can-make-your-life-easier-and-more-secure [Accessed 25/07/2018]

Mangold, W.C., and Faulds, D.J. (2009) Social media: The new hybrid element of promotion mix. Science direct, 52(4), pp. 357-365.

Medium. (2017) 6 ways in which technology has changed the way we travel. [Online] Available from: https://medium.com/hijiffy/6-ways-in-which-technology-have-changed-the-way-we-travel-f37f7b8c307e [Accessed 25/07/2018]

PCWorld. (2012)  The risky business of mobile social media. [Online] Available from: https://www.pcworld.com/article/2011006/the-risky-business-of-mobile-social-media.html [Accessed 25/07/2018]

Sodhi, M.S., and Tang, C.S. (2012) Managing supply chain risk. New York: Springer science & business media.

Supply and demand chain executive. (2010) Four steps to mitigating supplier risk and protect your supply chain. [Online] Available from: https://www.sdcexec.com/risk-compliance/article/10269270/checklist-four-steps-to-mitigating-supplier-risk-and-protect-your-supply-chain [Accessed 25/07/2018]

Techcrunch, (2015) The future of finance in real time. [Online] Available from: https://techcrunch.com/2015/07/12/the-future-of-finance-is-in-real-time/ [Accessed 25/07/2018]

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