Short Technology Articles (8)

Technology ArticlesThe ways we eat vitality and produce commodities are changing. This transformation may benefit the global financial system, however useful resource producers will have to adapt to stay competitive.

A new McKinsey Global Institute report, Beyond the supercycle: How expertise is reshaping sources, focuses on these three trends and finds they have the potential to unlock round $900 billion to $1.6 trillion in savings all through the global financial system in 2035 (exhibit), an quantity equivalent to the current GDP of Canada or Indonesia. At least two-thirds of this total value is derived from decreased demand for vitality on account of higher power productivity, while the remaining one-third comes from productivity savings captured by useful resource producers. Demand for a spread of commodities, particularly oil, could peak in the next twenty years, and costs may diverge extensively. How large this chance ends up being depends not solely on the speed …

10 Reasons To Fear Technology (2)

Science And TechnologyThe advent of science and technology has brought so many progress in your complete world. It is true that when there was no expertise, our forefathers lived their lives and enjoyed nicely. But, in line with the argument between the technophiles and the technophobes, the technophiles imagine that the emergence of technology and science has added much more values to the world of today.

The essential cause why the Luddites were incorrect is because technological improvements made for cheaper products, which left shoppers with more money of their pockets to buy different products – meaning that jobs have been created elsewhere and there was at all times loads of demand for staff. When agriculture was mechanized, for example, leading to a massive drop in the number of agricultural staff, cheaper food allowed people to purchase different consumer products and services, so other industries picked up the slack and hired more …