Abstract quotation by Godfrey Reggio sums up the

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In the
recent years, there have been significant advancements in every form of
technology available and no one can deny the impact it has had in our quality
of lives. As part of this project, we have tried to analyze the role of
information technology in the different facets of human lives and investigate
the different ways in which technology has improved the way we transact with
each other. Be it education, healthcare, business, tourism or any other sector
for that matter, technology has had an immense impact on the way things work.
In this project report, we hope to cover a few of these domains and explain how
technology has benefitted mankind and improved the quality of human lives.



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“It’s not that we use technology, we live
technology”. This
quotation by Godfrey Reggio sums up the importance of technology in our
day-to-day lives. Modern technology has completely revolutionized the way in
which people live their lives today. From communication technology to nuclear
technology, it has become an integral part of our lives we cannot live without.


In the past few decades there has been a revolution in information
technology, and all indications are that the technological progress and use of IT/IS
will continue at a rapid pace. Technology
is becoming increasingly personalized with various gadgets such as mobile
phones, laptops and tablets being designed to meet the unspoken demands of
people. And all of this has been possible due to the increasing amount of
information that we are able to gather, process and make accessible for others.


One of the most significant outcomes of the progress of
information technology is probably electronic commerce over the Internet, a new
and innovative way of conducting business. Though only a few years old, it has
radically altered the economic activities, social environment and the way
people transact with each other. Already, it affects such large sectors as
communications, finance, retail trade, education and health services and might
expand to other areas as well. It implies the seamless application of
information and communication technology along the entire value chain of a
business that is conducted electronically.


Other big technological innovations / breakthrough
technologies include reversing paralysis, self-driving trucks, face detecting
payment systems etc. With such advancements in the field of information
technology, it is safe to assume that we have a lot in store for us in terms of
an improvement in the quality of life in the future.

Categories: Finance


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