Technology is one of the driving factors of change in today’s world – not a day passes without a new invention or innovation making some part of our lives more convenient, efficient or productive. Managers now rely on time-tracking software to identify and address workload issues, schools integrate cloud-based tools into the classrooms to promote student collaboration, and the automotive industry makes use of driver navigation technology to optimise fleet efficiency. The ways our careers have changed since the introduction of technology and process innovations goes to show how technology has become such an integral part of our daily lives. On the verge of a total transformation, today’s society needs to discover new and better ways of understanding technology in order to maximise the benefit from its offerings while minimising its adverse effects.
Data is the new frontier in the internet age and the capability to store it makes a huge difference for businesses. The introduction of network-attached storage (NAS) devices have made it easier for such businesses to calculate costs, transfer, share and store data, while cloud access enabled effective collaboration between different teams in any organisation. The online backup model operates on synchronization of data at different periodic intervals involving a multitude of connected devices, while allowing access to the stored files only for selected individuals and devices. By creating different versions of such files, the NAS technology allows easy monitoring and regulating of access and alteration. Installing these systems is also relatively easy and cheap, leading businesses to rely on them for fast and secure data transactions. With an annual fee of approximately $76.04, companies enjoy being able to create vast information networks with varying capabilities of storage. Services such as G Suite and Office 365 are free of such fees and use the same cloud storage system to operate, making them quite attractive for businesses struggling with finances.
Self-driving cars are becoming more popular each passing day and so far, Tesla’s dominance over the market has not yet been challenged by any significant corporate, but things are destined to change for sure. Ford recently announced their plans to develop self-driving cars with Chinese Internet giant Baidu, a collaboration project that makes full use of “Baidu’s technological know-how and understanding of China together with Ford’s vehicle expertise.” Although Google’s parent company ‘Alphabet’ and Mercedes-Benz have both announced similar interests in entering the Chinese market with self-driving cars, Ford and Baidu’s collaboration will be the first to test self-driving cars in the country beginning with a pilot-project that will last for two years in Beijing. As an extension of the project, Ford and Baidu will also be researching into artificial intelligence and smart cars as part of the collaboration. Project ‘Apollo’ has already attracted the attention of automobile giants such as Honda, Hyundai and BMW, revealing the huge interest in the self-driving cars market in China. While Ford’s interest in the project was attributed largely to the 40% decline in the company’s sales in China last September, Baidu’s decision to be the first Chinese company to join a US-led alliance has been well received by the international business community.