Thursday, April 4, 2019

Internet-How will it change our life?

Internet allows access of one computer and its files by few to many others.  It helps to save a computer works on a common server, by which in case if a computer crash or the owner moves to other place he she continues to have access of his files.
Internet has good reach to people in top to middle class of the society. Though costly, at present, still people like it due to its impact on the lifestyle and convenience it provides to us.
Its a important tool for marketing of products and personality (image, video, thoughts/opinions/arts ) through an electronic media. 

Administrative powers at different levels have supported it. But still there are many struggles to create a lucrative space in it. Many service providers express there hunger for money but there are very few direct earning opportunities. 

Many business occurs due to confusion and ignorance. Internet tries to provide right information at right time. So it has a major role in intellectuals work and life. 
  • Demand of electric power, voltage stabilizers, desktop, laptop, smart phone, battery, inverter, solar panels, generator, printer, etc. will increase.
  • Electronic transfer of money, online purchase, card (debit/credit) system of payments, will reduce the requirements of many banks at a location, demand of ATM machines will reduce, demand of Card readers/POS (Point of sale) machines will increase.  Long queue at the banks will reduce. Mini licensed bank kiosks for cash deposits and mini transactions may gain importance. 
  • Based on demand perceptions, software and IT industry may take new roles. 
  • It will reduce Hotel business by allowing common people to offer Paying guest facility and to share there room.
  • It will reduce property price, rent, etc. Online marketing platforms will compete with local physical markets. It will help the well connected physical markets in selling there products. So fair pricing will emerge and a producer/trader will have to redefine there competitive edge. 
  • It will reduce transport traffic but will increase logistics and courier business. Most of the public transport is out of confusion and emotional formality. Electronic method of communications/video chatting will reduce physical people to people meetings. 
  • It will reduce costly coaching and cost on education, as internet provides complicated technical knowledge through simple computer and smart phone. 
  • It will increase direct sale between producer and consumer, eliminating the middleman and reducing the stockists. 
  • Highly competitive business will provide Just in Time services. 
  • It will increase people to people contact and cooperation.
  • Investments, Funding, Bill payments and Accounting works will get new shapes and volumes. 
  • It will provide new directions to the Film industry, shopping malls, education, travel and logistics business.
  • On line discussions, debates, voting, allocation of funds and shaping of priorities etc. will reduce the costs on parliamentary works. Similar approach in Corporate governance will reduce the costs of the company. 
  • Decentralized growth: This is the major positive impact of the internet. The gap between urban and rural prosperity will decrease as movement of people to urban regions for official works will reduce. Computer with internet will bring office, court and consultancy to the easy reach of the common man.
  • Trade at global level, direct interaction of people with global leaders at united nation organisations, will provide new opportunities to the marginalized/hidden intellectuals/skills/talents. 
Free internet should be there, funded by some organisations or at least for some time in a 24 hours, as it helps a struggling or a learning person to proceed ahead in life. Operation of a computer or a smart phone has many costs, that doesn't allows all to use it. Extra cost of internet will be difficult for a infant business.

If we look our stock market, there are thousands of listed company on both NSE and BSE. The struggle and capture of funds have divided the stocks in Large cap, Middle cap and Small cap segments. Like this internet will have few high traffic websites and other with normal to nil traffic. It will be very difficult for all business to generate income through there website, Yes collaboration with high traffic website will give them some opportunity. Websites will have to provide earning opportunities for maintaining there traffics.

Religion and caste has important role in shaping our lifestyle and livelihood. Philosophy prevailing in mind set can take new shapes through internet based leanings. This will promote rational thought process in human beings.

Cryptocurrencies:  The emergence of internet based economy gave shapes to many crypto-currencies like Bit coin. But still there are confusion and no government support for many such currency. Most of the currency is based on Gold reserve of a country. Some have there currency based on the reserve of petroleum products.  Since Gold and Crude oils are traded through online exchange, and many banks have started accepting online transfer of currency of other countries, these crypto currency are still struggling to get the relevance.

The major limitations to the internet is that it has very less impact on the Aura or warmth associated with personality and personal meetings.

Bad taste: I became paid member of some matrimony and job sites, but that doesn't brought any positive gain in my life. Some online sellers were successful in selling there toys for my search of genuine cheap products. 


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