Since the introduction of technology onto the market over the past two decades, many industries have been able to take advantage of the new benefits that they can use from the technology world to improve their productivity and everyday life within their industries. Some businesses have profited more from the introduction of technology within their industries, and some have adapted more than other but below we look at which industries that technology have been affected by technology the most.
[Image: Pew Research Center]
One of the main industries that has been totally transformed due to the introduction of technology onto the market has been that of the retail business. We are now seeing a transfer of retail business migrate from their land-based stores are now shutting down due to high costs of running and are re-opening in favour of online counterparts due to the benefits in which technology offers. Furthermore, the introduction of technology has ensured that local and regional stores now have the ability to grow past these ventures and be able to sell globally due to the internet.
Another industry that has totally evolved due to the introduction of technology to it has been the media world as we now all have access to the media within seconds due to our smartphones and therefore media outlets have had to move away from the newspaper and cable television services and migrate onto streaming applications, dedicated news apps or anything internet based. Consumers have now been blessed with the idea that they can now get access to whatever they please within seconds due to smartphone technology and so media has now had to evolve to the digital age.
Furthermore, the entertainment business has also been dramatically transformed due to the introduction of technology to it as like media, we are now able to access our favourites forms of entertainment within seconds due to technology. Online streaming services like Netflix have been able to take full advantage of this and are now a powerhouse in the film and TV industry in which many of us are now migrating from our usually cable subscriptions to services like Netflix to get our TV fix. Gambling entertainment has also had a transfer from land-based casinos and betting shops to online alternatives with these no verification casinos have been one of the beneficiaries of this as they are now able to display some of the best casino games on the internet without the use of a verification process so you can sign up with seconds and get down to playing straight away.