The Impact Of Technology On The Global Marketplace

The impact of technology on the global marketplace is substantial. In terms of business, technology is the most rapidly changing market, and the rate at which new technology emerges is nearly daily. From Augmented 3D environments to virtual reality and smartphones, technology is a constantly evolving catalyst in global business markets. Our lines of communication are becoming so streamlined and remarkably efficient that it is possible to collaborate in real time with business teams, corporations, anyone, anywhere at any time. It has become exceedingly important to recognize the necessity of educating ourselves to effectively communicate with cultures outside of our own countries. It is crucial that organizations maintain a keen†¦show more content†¦The added benefit of being small and easily transported means that business can be conducted anywhere and anytime. Communication will be possible even if you don’t have a smart phone or laptop. Slack This is an amazing communication app that is literally changing the way people communicate. It’s all your communication in one place, instantly searchable, and available wherever you go. (Hamburger, 2014) The app can be downloaded on any smart device. It is literally changing the way business teams collaborate and communicate worldwide. Even the US military is using this app to streamline communication throughout their command structures. Communication with the Slack app is in real time, and allows for large file sharing, private and public options, small team and corporate or worldwide team collaboration, and a number of other tools. In the next five years, we will see augmented 3D environments replacing our current 2D websites, smart appliances will be a common household item and we will see the devices used for communication and work become more portable and smaller. For example: Flexible Screens The technology for flexible screens is already in development and it is mainly focused on the smart phone market. This is a really awesome technology that has the potential to completely change everything from gaming to the workplace communication. An unbreakable screen has tremendous appeal