Socio-Technical Transitions And Dynamics In Consumption: A Review Essay.

Impact of Technological Up-gradations on Day-to-Day Life

Discuss about the Socio-Technical Transitions And Dynamics In Consumption.

The below presented is the literature review is focused on the concept of constant changes brought in technology. Technological change has been considered as an increase in the efficiency for a product or a process that will result an increase in the output without increasing the input. The review has been developed for discussing and critically analyzing the technological up-gradations and the impacts of same on the day to day life.. Any business working upon mechanical foundation needs to adapt up to such changes. Keeping in mind the end goal to be on line with the business and the progressions which are continually ascending in this field and hence there is a need of change. Subsequently, the decision of innovation is simple, however support of it is peaceful and a troublesome task for the organization. Organizations presently are tremendously differentiated and the region they cover is massive so keeping a hand upon them it is important to be fully informed regarding the whole vital apparatus from which innovation is the most essential. Subsequently, this report comprises of the adjustments in advancements and its effect on different organizations with a meaning of how to adapt up to these general up degree. An appropriate support for use of the innovation such that it can be utilized for a significant lot of time is being legitimized in this answer in order to ensure that the mechanical difficulties does not impede the procedure of the organization

After fifty years from now, the only thing that will remain constant is change. The utilizations of the systems developed today can be favorable for the future purposes as the users become habitual of the technology and therefore at times the old technology is carried forward with an intention of the long-term endurance. Any business operating upon technological background has to cope up with such changes. In order to be on line with the business and the changes which are constantly rising in this arena there is requirement of modifications here and there. Hence, the choice of technology might be easy but maintenance of it is quiet a difficult task for an organization. Businesses now are much diversified and the area they cover is huge so keeping a hand upon them is necessary to be up to date with the entire necessary tool from which technology is the most important . Hence, this report consists of the changes in technologies and its impact on various businesses with a definition of how to cope up with these regular up gradation. A proper justification for usage of the technology in such a way that it can be used for a long period of time is being justified in this report so as to make sure that the technological challenges does not hinder the process of the company.

Challenges Faced by Businesses When Adapting to Changes in Technology

According to Li, Ali, Yu and Avestimehr, (2018) technology was made to be used by the people and the present scenario depicts that technology is making use of individuals. In other words technology was introduced to help and support people so as to have effectiveness and efficiency in the course of work they are doing. Constantly changing technology may impact the businesses and their rapidness for the operations and the course of work in which they are being working. Every company uses some or the other technology in the form of software’s, computers, machinery etc. So, it is assured that the usage of technology cannot be changed it has to be very proper and smart so that the business is benefited by it for a longer period of time (Kumaresan, Santosh, Raju and Velraj, 2018). Hence for the same there are several kinds of solutions which a company can opt out so as to have efficiency for its resources which are being organized in the same manner. Hence, there are both good and bad affects of the technological changes which keeps on rising. On the other part it is very much competitive as well as costly as it is becoming a necessity which in return is converting into huge demand for financial resources. The small businesses in the economy are lagging behind due the lack of finances which they are having. Also there is lack of trust between some or the other business as everything is becoming online which is also a matter of fact which is losing loyalty (Greene, 2018). There are so many problems related to the misusage of the sites as well as the technology which are coming and is also considered as huge scandal for the businesses and the people to encounter. Hence, the good point of the technology is that it is creating convenience for the business as well as the people who are associated with the business which is very much supporting and helpful for the business and the organization.

Puthal, Sahoo, Mishra and Swain, (2015) presented that the prime aim to use the technological resources for a long period of time will only be fulfilled when all the aspects of business are working in the same directions. The usage of the resources up to the maximum of its capability and making sure to use it in proper manner which is important for the company and its people to be efficient and at the same time effective.

Solutions to Cope with Regular Up-gradation

Every business is becoming dependent upon technology not because it requires it but due to the demand of the market and increasing competition in each and every sector. Hence, there are software’s in business upon which operations and business is being conducted and these operations are necessary for the company to have an edge over market. A huge cost of companies is being spent upon settling up these operations which are necessarily important for business (Suh and Sohn, 2015). Hence, there is a fast change which keep son happening in the same and it has to be taken into huge consideration so that the company do not lags behind in the same operations. there are times when the programs upon which company is operating become obsolete and they cannot be used as there are many new type of technological software’s which are coming up. So, in order to make up with all of these changes company have to make sure the following steps:

According to Hair, Wolfinbarger, Money, Samouel and Page , (2015) there are several type of changes which are required in order to modify any type of thing so is in the case of software’s which has to be modified with the proper time and efforts. Hence, this is also a fact by which company can use the programs and high cost software’s for a long period of time. Modification simply relates to time to time making changes in the system which is being operated so that the changes in the technology can be met. Such that the software’s which are being installed do not become obsolete. Hence, this is one way of procuring technology for a longer period of time. Alteration essentially identifies with time to time rolling out improvements in the framework which is being worked so the adjustments in the innovation can be met. With the end goal that the product's which are being introduced don't wind up outdated. Consequently, this is one method for acquiring innovation for a more drawn out timeframe.

There are several updates which keep on coming in the software’s which are being used by a company. So, a company have to make sure that the changes which are being coming in order to upgrade the system is done on proper period of time and interval. This will enhance the scrap period of the equipment which is being used in the system of organization. A software always require up gradation in order to cope up with the changing needs and requirements so that it can be used by the company to the worth of the cost which is being paid for it. This increases the optimum utilization as well as efficiency for the cost which is being deployed for development of the same.

Good and Bad Effects of Technological Changes

Coopersmith, (2017) also observed that in this universe requires time to time checkup so that the functioning of that particular thing is proper and inclined to what it is deployed for. So, this factor explains that there must be a regular check upon the working f the software so that here and there any type of default can be recognized on time and a proper action can be taken for it. This method will help the company to effectively use the software with properly taking care of the operations which are happening with the help of the technology. So, the only way to use system software for 50 long years is through maintaining the software by regular modifications, updates and time to time check. This will further help the company to have a proper in built system which is a long term player. Hence, the cost of installations and redevelopment will not be there which will help the company to develop for the business as well as the cost effectiveness it is targeting for the operations it is doing. The computer science technology was introduced to help the people so that they can have a better understanding towards performing tasks as well as assignments they are doing and performing. Hence, this will enrich the total outcome of the business as well as the efficiency of the resources which are being used by the company.

It is being concluded by the above report that technology plays a significant role in businesses and their operations nowadays. For every business it is necessary to have technological aspects and utilization of the same in proper manner is also important so that the company can have better operating systems as well a proper long term operations. it has also been a result of this report that technological challenges can be met by proper maintenance of the systems which are being used as well as various ways to conserve them are also being justified in the above assignment.

References

Coopersmith, J. (2017) Shifting Practices: Reflections on Technology, Practice, and Innovation by Giovan Francesco Lanzara. Technology and Culture, 58(4), pp.1071-1072.

Greene, M. (2018) Socio-technical transitions and dynamics in everyday consumption practice. Global Environmental Change, 52, pp.1-9.

Hair Jr, J.F., Wolfinbarger, M., Money, A.H., Samouel, P. and Page, M.J. (2015) Essentials of business research methods. New York: Routledge.

Kumaresan, G., Santosh, R., Raju, G. and Velraj, R. (2018) Experimental and numerical investigation of solar flat plate cooking unit for domestic applications. Energy, 157, pp.436-447.

Li, S., Maddah-Ali, M.A., Yu, Q. and Avestimehr, A.S. (2018) A fundamental tradeoff between computation and communication in distributed computing. IEEE Transactions on Information Theory, 64(1), pp.109-128.

Puthal, D., Sahoo, B.P.S., Mishra, S. and Swain, S. (2015) January. Cloud computing features, issues, and challenges: a big picture. In Computational Intelligence and Networks (CINE), 2015 International Conference on (pp. 116-123). IEEE.

Suh, J. and Sohn, S.Y. (2015) Analyzing technological convergence trends in a business ecosystem. Industrial Management & Data Systems, 115(4), pp.718-739.

van Meijl, H., Havlik, P., Lotze-Campen, H., Stehfest, E., Witzke, P., Domínguez, I.P., Bodirsky, B.L., van Dijk, M., Doelman, J., Fellmann, T. and Humpenöder, F. (2018) Comparing impacts of climate change and mitigation on global agriculture by 2050. Environmental Research Letters, 13(6), p.064021.