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...
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