Economy Technology

Economic Growth – Computers and Internet behind them?

Unplugged -no internet, possible?
Courtesy: www.planetofsuccess.com/blog/

Venkatarangan with NASA Astronauts in Las Vegas Madame Tusads This post is more of my thinking than a finite point on the present world economic achievements.

If you stop and think about what has been achieved in the last 10-15 years in Economy and Wealth Creation, it is amazing on any parameter you take. Whether it is China with a Trillion Dollar Foreign Exchange reserve, World’s large corporation Market Cap (Google, Citi, WalMart) of each over several hundred Billion Dollars, Governments Trade Surpluses, Indian Government Direct Taxes Growth of over 60%, Worldwide sustained economic growth for last 5 years even though Oil is selling at record high of $70+ per barrel – on any account what has been achieved now is unprecedented in the modern history.

There are several complex happenings that have enabled this including Globalisation. Being an Engineer and Software person, I would like to think it is because of Computers and Internet revolution (When I say Computers I do include Mobile Phones as well). Think about any task in modern research/science, business, life, medicine, banking/finance – there is no task that is not influenced by Computers and the Internet.

It can range:

  • From preparing a thesis for a PhD, where you can research papers from around the world (which would have been impossible to do  2 decades back at this cost and time)  and hence stand on other giants shoulders
  • Exchange real-time data and do complex calculations for fundamental research including DNA analysis
  • Access to best-written courseware and training materials used for Education
  • Access to worldwide economic trends
  • Learning from Management best practices and mistakes from around the world

and so on… In all these (and you can add hundreds of more items) Computers and the Internet have touched and improved productivity in every facet of our present day life.

Do you have a say on this? Leave a comment.

6 Comments

  • kool even i used the same for my blogs, just want to know whether its the same or a new feature. Thanks

  • Senthilkumar, glad to note you are finding my blog interesting. I use Windows Live Writer Beta 3 to do the postings and it supports watermarking feature. It is done everytime when I insert an image into live writer by simply selecting some properties. And the idea was more because it was cool and easy to do; than to copyright it!

  • Im a regular reader of ur blog. I can see some changes to the images like water marking with ur website name. Doing that for each and every images or its automated for images.

  • Yes, would like to comment a recent incident, we as a team decided to optimize the coding/logic or to change it so that even a BA(Business Analyst) can understand and change, not many in US are technically strong.
    So went for WCF in .NET 3.5, 2 weeks searching for a better institute for a week hands on course to start with,
    But finally ended in google search with lot of samples, articles, free downloads, projects i dont know whether its possible some 20 years ago. But now everything is online that too for free only thing is 1 need to spend some time in searching and reading those. Thanks to MS people for making everything free to Developers.