THE IMPACT OF NEW TECHNOLOGIES ON SOCIETY: A BLUEPRINT FOR THE FUTURE

We already see the impact of emerging technologies on our lives and the economy in many different ways, particularly when it comes to the way we live our lives and the way we work. Due to this, there is fierce competition among companies across the globe in order to ensure that they are able to benefit from the new technological developments. Globally, the United States and Asia are emerging as the two global leaders in this area. Over the years, there has been a significant change in the landscape of emerging technologies since Alan Turing first asked in the 1950s if machines could think like humans. Emerging technologies will enhance economic growth and efficiency in the future. It is possible to greatly improve decision-making when large amounts of data are analyzed by improving efficiency. It is likely that new products and services, new markets, and new industries will be created as a result, which will in turn boost consumer demand and generate new revenue streams. On the other hand, emerging technologies may also have a profound effect on society and the economy. The creation of superman-like organizations could negatively affect the economy, according to several researchers. Further, it may lead to a wider gap between developed and developing countries, as well as a rise in the demand for workers with emerging skills and technologies, thereby creating job losses. The latter trend may have a significant impact on the labor market in the long run.