
Technology and the financial market are the drivers of our daily lives. In fact, recent currency movements in most countries of the world may have been partly influenced by various technologies and their uses. Just ten years ago, you wouldn’t have needed a calculator to decide whether to invest in real estate or property, for example. The consequences of those bad decisions would have been terrible.
Just as there are great options for all types of consumer goods, there are also great options for technology investments. And it is often investments in technologies derived from greed that get the most out of these investments over the long term. Technology is not only the source of our technological needs, it also defines the whole nature of business.
Some investors are still recovering from the recession in their economies. When times are good, technology is always good. But when times are tough, a trip to the hardware store often doesn’t do much to turn a depressed economy around.
The early days of technology have not yet been fully appreciated by most people. They need to be reminded that from those early days of technology (for example, the information age) came a whole world of programming, programming languages and many related technologies. And even beyond that, in terms of mathematics, languages, science, economics and more, there is much more to come.
In the early days of the information age, and to this day, you won’t find many people who overlook the need for data warehousing, distribution, or perhaps data integration, but it seems to be an important part of many business decisions. And the demands for reliable technology in their operations are well understood and many are already integrated.
The most important role in this technological change will be the development of industry standards for data acquisition, storage and transmission. This is particularly true for the distribution of key information. This is a very practical and complex area that will need to be developed and managed by all industries around the world.
All this to say that there are many industries that will benefit from this technological change. In fact, the new era of personal technology is well underway. But it will be a slow process, because as the various technologies are integrated and a general consensus is formed, the benefits will be truly vast and unimaginable.