Wealth creation through software engineering. A brief description...

1. Wealth creation through software
The pursuit of wealth is as old as human history and its creation throughout the human
civilization has evolved gradually from agricultural expansion, industrial revolution to the
current information technology era driven mostly by sophisticated information systems
built from software. Given that wealth is the abundance of valuable resources or
material possessions, or the control of such assets and software being a general term
for the various kinds of programs used to operate computers and related devices. What
are the contributions and impacts of software to the creation wealth?
Wealth creation means collecting some available resources in a strategic manner
in order to generate surplus earnings usually over a long period of time. The surplus
earning is what is referred to as wealth and it is used to acquire more resources to
become more productive. But initially we have to start from nothing to something, by
transforming our assets to more a valuable ones that other may need or want.
Therefore the people or the entity pretending to generate wealth must have the
knowledge, skill or techniques, as well as facilities and dedicated environments. Among
this category of people figure programmers, able develop useful programs from a
simple set of machine-readable instructions that directs a computer’s processor to
perform specific operations.
The extensive usage of these programs called software nowadays is quickly placing
them as a potential and unshakable factor for promoting development and production.
However software need to be deployed effectively by giving adequate infrastructure,
convenient policies and expertly skilled people who can use it to find innovative ways of
meeting customers’ needs and wants, and so leading to individuals or organizations
creating wealth. When we look at history, it clearly appears that most people who got
rich by creating wealth did it by developing new technology, e.g.: Microsoft, Oracle, IBM.
In the same ways as presented in [1], even though money is not wealth, at the
individual level "Wealth creation is a desire to be rich, desire to have control over the
aspects that affect financial life, a desire to command respect with the control of money
power. Wealth creation is not material, it is spiritual by nature with the ability to produce
or manifest material wealth. Globalisation, outsourcing and world flattening advances in
technology continue to rock the software industry in ways that will significantly alter the
way technologists do business." The software industry through offshoring, outsourcing
and job migrations is also dragging many concerns regarding the future of computing
related careers.
By positioning itself as the leading factor for wealth creation, software through
information technology is bringing tremendous, diversified changes and consequences
to our life style and daily lives, and there is a need for a sustainable and precautious
utilization.
Reference: [1] S. Kalaiselvi, Financial Performance in Software Industry, p.276
Article written by Moumie Soulemane
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