Advantage And Disadvantage Of Technology

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Disadvantages of Technology
Loss of Jobs Modern technology has replaced many humans; robots are doing the jobs which used to be done by humans. While robots increase production and efficiency, a number of low to middle level jobs that require no particular specialization are lost, as machines replace the human capital. Five million jobs in the world’s leading economies could disappear over the next five years because of advances in technology (Kottasova, 2016). Countries will have to invest in transforming their workforce if they want to keep up with the changes and avoid talent shortages, mass unemployment and growing inequality. Investment in education and adult learning programs need to be made to keep up with advancing technology. This …show more content…

The advancement in technology began at the beginning of time for humans. From a timeline of thousands of years, it has evolved from a piece of sharpened stone to a high-tech hand-held device that allows a person to stay interconnected with the world. Without technology, a business would not be able to survive in this day in age. The advantages and disadvantages in its usage helps answer whether technology offers businesses more free time. Advantages like instant communication does save businesses time from writing and sending out letter and waiting for a response. Innovation and creation, on the other hand, creates a greater incentive for organizations to spend more time towards further discoveries in the tech-world. Human resource management saves time in finding and training new employees, but technology has given HR higher job roles towards strategy and knowledge. The disadvantage of jobs lost due to technology gives workers unwanted free time and encourages more time spent in school for a better education and job. Businesses are now so reliant on technology to do the job for them, instead of using the extra free time to their advantage, it is wasted on the use of more technology like media. One more burden of technology includes high maintenance costs that takes time to find and trust a tech-operator and learning to use updated software. The benefits and drawbacks mostly suggest that technology does not offer a business freer time. This is especially seen in the case of accountants and farmers in the past versus now. Many more forms of accountants and many more jobs in different industries were created from accounting programs and farm machines. Thus, productivity increased from more time spent working. Technology evidently saves a lot of time in many aspects of a business, making them more efficient and affective. But this extra time is devoted towards improvement and

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