Technology and lifestyle

TECHNOLOGY IS A USEFUL SERVANT BUT A
DANGEROUS MASTER.
-CHRISTIAN LOUS LANGE
GROUP NO. 5:
YASH KUMAR
JYOTI THAKUR
AKASHDEEP
AKASH
VIVEK
RISHI

The Primary Questions
• What is Technology?
• Where are we heading?
• What are the gains and losses?
• Who is transforming whom?
Technology and Lifestyle

Technology

Evolution of Technology WRT Men

Where are we heading?
Cloud
Computing

Where are we heading? (Cont.)

How Technology affects day to day life?
• Physically
• Socially
• Financially
• On Environment
What is
Technology?
Three things you
can not live
without?
Is it all Technology
oriented?

Starting at Homes

How has Technology changed Education?
POSITIVE ASPECT NEGATIVE ASPECT

Can’t live without the internet? Ask Indians
Source:timesofindia.indiatimes.com/india/cant-live-without-the-internet-ask-indians/articleshow/60736827.cms

• Workers are now producing 47% more
than 20 years ago.
• Technology is improving efficiency, cost
and quality
• It is also having a huge impact on
improving health and safety standards
for workers.

AUTONOMOUS CARS

ERA OF AUTOMATION AND ROBOTICS
• Some restaurants now are using robots to deliver food
• There are driverless cars in California, Washington, and Texas.
• Amazon now has around 15,000 robots who work along its 50,000
humans.
• Drones are being used to deliver medicines and parcels.

How Technology is Changing the Construction
Industry
• Technology is improving efficiency, cost and quality
• Huge impact on improving health and safety standards for
construction workers
• BIM -(Building Information Modelling)
• Drones are currently being utilised through replacement of
traditional land-surveying methods.

WHAT IS AT RISK?
WORKPLACE IN CHANGING
TIME
• Changing Rules
• Cost of Technology
• Globalization And Technology
RISKS ASSOCIATED WITH
TECHNOLOGY
• Small firms are particularly at
risk.
• Less Value In Human Workers
• Cost Efficiency
• Dependency

SOME STATISTICS
• Employment in US has dropped from 14% in 1994 to 8% now in
manufacturing sector.
• Technology has made the world richer overall, but not everyone has
benefited. In 2009, the world’s top 1 percent held 44 percent of the
world’s wealth; by 2014, they had 48 percent. By 2020, it is
estimated that the 1 percent will own 54 percent of global wealth.
the World Bank estimates that climate change may push more than
100 million people into extreme poverty by 2030
• The thoroughly modern phenomenon of cybercrime and economic
espionage is estimated to cost the world more than $445 billion
every year.

Technology in the Hospitality Industry

Research Report of IT use in Hotel Industry
in Chandigarh
No of Questionnaire filled
>5
5-10 years
10-15 years
20>
15-20 years
Category of
Hotels
No. of
questionnaires
filled
Hotels
3 Star 36 4
4 Star 32 4
5 Star and
above
32 4
TOTAL 100 12

Expansion into new market
Empowerment of employees
Lowering of costs
Enhancing distribution

• Flight Tracking System
• Dynamic Packaging
• Computer Reservation System
• Global Distribution
• System
• GPS Tours
• Virtual Tour
• Mobile Technology
• Social Networks
• PHYSICAL INACTIVITY
• COCOONING
• OBSOLESCENCE
• TIME STRAINS
• MONEY STRAINS
Drawbacks:E- Tourism:

BANKING SECTOR AND FINANCIAL INSTITUTIONS
Technology can reduce banks operational
costs
Technology can facilitate transactions
among customers within the same network

Impact of Technology
• On-Line Return Filling System
• On-Line Complaint Tracking System
• Enterprise Wide Knowledge Management System (EKMS)
• Centralized Data Base Management System(CDBMS)
• Multi Protocol Layer Switching (MPLS)
• Structured Financial Messaging System (SFMS)
• The IDRBT physically hosts the secured website

STOCK MARKET AND INSURANCE SECTOR
• Order Matching System over screen Based
Trading System
• Negotiated Dealing System (NDS)
• Clearing Corporation of India Ltd. (CCIL)
• Use of Multi-Lateral Net Settlement Batch
• Multi Application Smart cards
• Use of Credit transfer RTGS transactions
• To tracks claims on-line
• Entertaining on-line enrollment
• Eligibility Review
• Financial Reporting
• Billing and electronics fund transfer
• To calculate the EMI’s amount

RISKS
ASSOCIATED
WITH
GOING
DIGITAL
• OPERATIONAL RISK.
• SECURITY RISK.
• SYSTEM ARCHITECTURE AND DESIGN
RISK.
• REPUTATIONAL RISK.
• LEGAL /COMPLIANCE RISK.
• MONEY LAUNDERING RISK.
• STRATEGIC RISK.

TECHONOLOGY AND ENTERTAINMENT

Evolution of the Most Precious Devices
of our Life

RETAIL
INDUSTRY
• Shifting of customers from offline to
online is the biggest change that
technology has bought to us.
• Startups like Flipkart , Snapdeal, OYO are
emerging as a big giant companies
• Acc. to a survey, shoppers now make
51% of their purchases online, compared
to 48% in 2015 and 47% in 2014.
• As online shopping accelerates, so does
the use of smart phones to make
purchases. The survey showed that 44%
of smart phone users made buys through
their devices, compared to 41% a year
ago.

RETAILERS FACE NEW RISKS AS DIGITAL OPPORTUNITIES
GROW
• The Rise of
Reputational Risk
• Establishing a Digital
Risk Framework
• Reinforcing Existing
Lines of Defense
• Developing an
Ongoing “Sense and
Respond” Process

Increase in demand of electronics
0
20000
40000
60000
80000
100000
120000
140000
Tv's PC's Mobile
2014
2015
2016

Negative impact of Technology
• Diminish overall value of in-person education
• Misguided by the wrong information
• Major source of distractions/time wastage
• Dependency on spell check features
• Increase rate of cyber bullying
• Job loss – replacing humans
• Poor sleeping habits and development issues
• Directly affects the body

•World destruction weapons – increasing endless wars.
•Social isolation-Reduction in real life contact.
•Competency – increased dependency on modern tools that reduces our
creativity and intelligence.
•Pollution
•Faster depletion of natural resource reserves.
•Production of unwanted products.
•Wastage of time in non-productive activities.
•Excessive dependency.
• Multitasking.

WHO IS
TRANSFORMING
WHOM?
Thank you
Technology has made life a lot easier
on us and I am not trying to say
technology is bad because, I
personally would have a hard time
functioning without it. However, there
comes a point when we need to set
boundaries on how much technology
“intake” we consume because, not all
good things stay good. There are
negative side effects to technology as
you can see and we need to be aware
of them in order to control it.

References:
• www.firstpsychology.co.uk [17/08/17]
• www.businessofapps.co [17/08/17]
• http://www.digitalstrategyconsulting.com/india/
• http://www.bullyingstatistics.org
• https://www.elementsbehavioralhealth.com/news-and-research/internet-addiction-linked-
to-depression-in-teens/
• http://timesofindia.indiatimes.com/life-style/How-dependent-are-we-on-
technology/articleshow/24491279.cms
• https://www.weforum.org/agenda/2015/09/8-technologies-transforming-international-
security/
• https://www.thatcherassociates.com/blog?title=How%20Technology%20is%20Changing%20
the%20Construction%20Industry
• https://www.brookings.edu/blog/techtank/2016/06/02/how-technology-is-changing-
manufacturing/
• http://smallbusiness.chron.com/technology-impacting-changes-21st-century-workplace-
3357.html
•https://universityhomeworkhelp.com(23/09/2017}
•http://time.com/4187146/davos-2016-technology-facts/
•https://www.moroccoworldnews.com/2014/01/121365/the-role-of-ict-in-the-
tourism-industry/
•http://www.etourismsummit.com/
•http://www.ecoforumjournal.ro/index.php/eco/article/viewFile/25/20
•https://en.wikipedia.org/wiki/Global_distribution_system
•https://www.economist.com/news/special-report/21635761-modern-luxury-
industry-rests-paradoxbut-thriving-nonetheless-says-brooke

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