There is no doubt the internet is changing the way that we all work; almost everything is becoming digital. Our storage is now online, we do our shopping online, and even our books have become digital. The internet is possibly the most significant impacting invention that the world has ever seen. It has sped up the way we work by using email. It has allowed us to access more resources than was ever possible before, and we can market our business much easier to ensure we become more visible. Yes, you could highlight the fact that this can sometimes make it harder to stand out, but the internet is widening and creating a space for us all. It has even accounted for a large portion of marriages and childbirths as online dating has become ever more popular. Possibly one of the most prominent examples to use of a company that has benefited from the internet is Facebook. The concept of Facebook what not have worked without the internet. That business has grown from a few thousand users to over 800 million who use the service around the world. This shows us the possibilities for growth using the internet.
Online gambling
Yet, the internet is still growing and developing, and the possibilities appear endless. It has revolutionized industries to become bigger than ever imaginable. Take, for example, the online casino industry. For years the industry was thought to be a playground for the rich and famous who gambled and wined and dined at these fancy establishments. Nowadays, the industry is thriving more than ever based on the average man or woman playing online. You don’t have to get dressed up to play online like you perhaps would with a land-based casino, and you also get to spend all of your money on the thing you want to do, and that is play casino games. If you go to a casino, you will have to spend money on possibly a new outfit, drinks, and entertainment.
The world’s first online casino opened in 1999, and the number of users has grown year upon year. And again, the industry is continuing to grow and explore new markets as technology develops. The technology behind online casino is amazing and the variety of games they have developed is huge. One of the best things of online casinos is that you can play it whenever you want and wherever you are. At an online casino you can find all kind of games like Poker, Blackjack, or for example here you could play a real money roulette game and try your luck.
Online Shopping
Some pessimists will highlight that this isn’t all good. Take, for instance, clothing shops that have decided for them it makes sense only to run an online clothes selling business and close the doors of their shop as they can save on rent and business rates as most of the revenue they are making comes from online sales. This is great for the business. However, there is a broader impact on the rest of the world. Firstly, if all companies take this approach, it will affect the real estate market, which in turn could affect housing prices. Then there is tourism. If all of the shops on Oxford Street decided to take this approach, this area of London that thrives on shopping tourism would become a less desirable place to visit. They will also highlight that this form of technology is helping to replace workers and therefore increase the unemployment figures. Lastly, they will mention that fraud has grown throughout the world and takes up ample time for the police who have to investigate and catch these online criminals.
However, the good far outweighs the bad. If you do your research, you will see that the internet is responsible for over 1.5 million employment opportunities through advertising and commerce alone. With the internet comes internet support which again employed millions of people around the world, whether that be helping end-users, building and developing servers, or people working for an internet provider itself. It is becoming increasingly important to remain financially independent these days, and with the online economy growing bigger each day, that can only be a positive.
Online Social Aspects
We also briefly touched on it before, but there is the social aspect of things as well, which, although it is hard to quantify, impacts the economy significantly. We now have access to resources from anywhere around the world at a click of a button. We can keep in touch with old friends and colleagues, which in itself can often lead to new opportunities and ventures. While some might say it has had a negative impact on socializing as there isn’t as much need to go and talk to a friend or family member nowadays as you can see what they have been up to through various social media platforms, you have to remember that without this technology we wouldn’t be able to communicate with some people at all. For example, you can now call your friends in Australia via zoom at the drop of a hat. You may have been able to speak to them in the past, but now you can see them, which can only be a good thing.
Online Money Transfer and Banking
It has become increasingly easier and safer to do our banking on the internet these days. The biggest draw is that we have access to our account, payment details etc. 24/7. We can ensure that our bills to out and on time which in turn has seen bank charges decrease over the years as we are able to budget much better. It saves time having to go out and queue at a bank when we can do everything we need at the click of the button. There are even online chat services that can help with our queries or problems.
