Technological Innovations Essay

Technological innovations around the world have had a significant impact on the way of living of people across the world. The effects of technology to the society vary from one technology to another. This paper seeks to elaborate the influence three different technological innovations had on society. These innovations cut across different industries.

The automated teller machine

The ATM came at a time when banking halls were only for the elite. This is a networked device that offers financial services to clients. The transactions that can be accomplished through the machine include but not limited to cash withdraws, cash deposits, and mini bank statements. The supporting data networks allow users to access their bank accounts from multiple locations. This technological development dates back almost five decades ago. However, enhancement of the initial idea of self-service in financial institutions has made the innovation thrive over the years. The innovation made it possible for financial institutions to have 24 hours of service to their customers. This is instrumental in enhancing the reliability of financial institutions.

The convenience that is associated with the use of ATM is hard to achieve through the use of human resource only. The technology helped in reducing the workload of employees of financial institutions. Since the system is automated and interconnected, the accounts balances of the users are adjusted automatically after the completion of the transaction on the machine. The interconnectivity of the machines across a large geographical area allows clients to travel without the risk of carrying money.Cash withdrawals across different geographic regions offer convenience to both clients and financial institutions. However, the advent of the ATM in the banking industry introduced new risks to customers such as card fraud. These risks are mitigated through continuous enhancement of the security features of the automated teller machine systems (Fischer, 2011).

The Internet

The attainment of a global interconnection of devices within different computer networks has significantly influenced the society. The technological innovation that has its origin in the united sets government before the commercialization process has enhanced communication across the world. Over the years, superior networking technologies are being developed to enhance the capacity of data networks. The Internet has led to the rise of a new form of business known as e-commerce. This is where all transactions are carried out online and the items being bought sent via mail services or other means. Such business transactions reduce the cost of operation of an organization by a significant factor since there no business premises required. Moreover, the efficiency of online transactions in netting in customers from a broad market scope is high.

Telecommuting is another pertinent aspect introduced by the interment. When the cost of operations of organizations increase and the demand for human resource increases, techniques to make the workplace ideal are fundamental. Telecommuting allows employees of an organization to work from the comfort of their homes….....