Technology includes both the huge body of knowledge and the tools that channel the use of economic resources to effectively, efficiently and innovatively produce services. Technological progress is essential to economic growth and development; the more advanced the technology is, the more quickly the local and global economies of a country can improve. With an ever increasing number of its young people now connected to the internet, Africa is one of the continents expected to see major economic growth due to technology in the coming years.

Read more: Untapped Economic Growth Opportunities in Africa

We live in an era in which the world has become more modern and advanced. Managing the increasing traffic is a big problem globally. A Smart Transportation System (STS) provides solutions to such problems with the help of new technologies; it is an attempt to integrate modern innovations into transportation systems, technologies that include cloud computing, wireless communication, location-based services, computer vision and other tools to improve mobility.

Read more: Is Smart Transportation Improving Our Quality of Life?

People use social media to stay in touch and interact with friends, family and various communities, while businesses use social applications to market and promote their products and track customer concerns. Social media liability can refer to insurance claims or even lawsuits for any online harassment, which can also result in a loss of social media privileges on sites like Facebook, Twitter, etc. Even a company blog can create a social media liability exposure, so, increasing awareness of social media liability exposures may help to minimize or avoid these attacks.

Read more: The Influence of Social Media on Communication

Businesses, universities and a wide range of other organizations have been introduced to a new element called the information system, which combines hardware and software with telecommunication networks that people can build to collect, create and distribute useful data. An information system is described as having five components:

Read more: Information Systems: Components for Success

New technologies such as virtual reality (VR), augmented reality (AR), mixed reality (MR) and even extended reality (XR) are developing at a fast pace to shake up our approaches to individual consumption. They are also offering support to every company that is looking for more and more options to better adjust and personalize its dealings with each and every customer. Importantly, these new technologies come from different places and they seek to do different things while using similar technologies like 3D objects and AI.

Read more: Realities Can Transform Future

As we live in a digital world, things come at us at the speed of light, which is among the biggest benefits of the digital age. In the scope of human history, digitization has been a relatively recent development, but the continued need for trust has remained constant. The very concept of “trust,” however, can mean very different things in this new digital world as compared to its physical forebearer.

Read more: Your Key to Success: Digital Trust  

Gone are the days of random blasts and generalization. Today, a company must be specific, personal and strategic in its efforts towards its clients. And to establish and maintain a long-lasting relationship, all you need is data. The more data you hold, the better relationships or partnerships you can have to deliver a top-notch, transparent user experience.

Read more: Data at the Service of Personalized Customer Experiences

There are billions of physical devices connected to the Internet around the world, all collecting and sharing data, and together forming the Internet of Things (IoT). Connecting a variety of objects and further adding sensors to introduce a new level of digital intelligence to devices enables real-time data communication without human involvement. The Internet of Things is making the world around us smarter and more responsive, merging the digital and physical universes.

Read more: IoT: Connecting Communities with Opportunities

We live in an age where everything revolves around data. Modern technology has made it possible to monitor, record and analyze everything around us in a quantifiable form. It also opens up a whole new world of possibilities that businesses can use to their advantage. Datafication is the latest in a series of data-driven, customer-centric business intelligence practices that are now changing the entire business landscape.

Read more: Datafication: A New Paradigm Spanning the World

While world governments have their hands full dealing with pandemics, financial issues and a host of other problems, technology keeps evolving at a rapid pace, and so do cyber crooks. Apart from newer forms of cyber threats, even the oldest tricks in the book are not completely outdated for these cyber criminals. In order to bypass security measures specifically designed for them, they modify and update these tricks by thinking outside of the box. From data breaches and phishing to cyber activism and IT security software tools, cybercrime has rapidly taken on new methods that affect private bank cards, personal accounts and online shopping sites, just to name a few.

Read more: Cyber Issues Invading the World

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