Information Technology and the Global Village
The advancement in technology has undoubtedly had a significant effect on the lives of many. This world is becoming a global village and distances no longer a problem. Communications and mass information are just a few clicks away, thanks to computer-related technology, more specifically the utility of the internet, which is a part of the information technology.
Social networking websites and chat related applications are now presenting quite a several advantages to the users. They reduce distances between the users and help them connect with relatives and friends from all over the world. Any social networking site aims to make the application and utility user friendly.
With the technological changes and new developments occurring every day, internet users no longer have to face the problems online that they had to face lately due to technical glitches, which resulted in frustration. Now the users no longer have to rummage through heaps of messages to access a particular conversation or read at hyperactive speeds just to keep in touch with the discussion on hand. The systems have become more streamlined and responsive and thus more convenient to the users.
This constant and rapid change in web technology has opened many windows of opportunity for both the users and the developers. The users now have more options to switch to, and the developers have to work to develop newer, better, efficient, and easy to use portals.
In its early days, E-commerce existed only as a form of facilitation for commercial and financial transactions. It is one of the few things that have changed with time. This historic turning of e-commerce occurred about three decades ago.
Technologies such as electronic data exchange and electronic funds transfer have been introduced, and they had a revolutionary effect because these allowed the businesses to communicate the commercial documents such as the basics of purchase orders and invoices via electronic network systems securely. The growth of telephonic banking services, credit card transactions, and automated teller machines has added a new dimension to e-commerce. There are still many aspects of business, and other related issues that are growing as per the user’s need, and the information technology is providing a highly efficient and secure platform to them.
Electronic payment systems have become the engine for almost all online transactions. The primary electronic payment systems that govern current online sales are credit card processing systems and automatic payment gateways. The electronic payment gateways are the companies that facilitate financial transactions online by authenticating credit cards and online bank accounts authorizing certain transactions. They form the virtual connectivity between merchant’s website and the credit card companies; this sure reduces the hassle of lengthy bank queues and offer purchasing options whenever and where ever anyone pleases to have these while utilizing the splendors of computer technology.
Information technology has come a long way and is ever-evolving. It has truly made the world a global village.