An overview of Technology and its Impact on Social Development

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The Importance of Technology in Economic and Social Development - Fair  Observer

Information, communication, and technology are one of the best revolutions in humanity. The revolution changes the way business and social processes happen. It enables entities and human beings to have better interactions with each other. 

The impact of technology goes beyond the innovation and development of new hardware or software. Apart from the industrial and economic implications of the revolution, it plays a role in societal outcomes. It can help in solving some of the environmental and social problems the world is facing currently. In the next section, we will look at the impact of technology on social development.

Technology and Social Impact Development

As stated earlier, we predominantly see the role of technology in connecting, entertaining, and automating activities. It is evident with the widespread use of digital and portable devices. Practically, people from all ages and walks of life use technology to improve their way of life. But, most individuals globally cannot fathom the role of technology in making the world a better place.

On the contrary, the adoption of technology largely aids the Social Impact Investment in the UK. It means that digital hardware and software helps in societal transformation. Unlike the past, where everything was manual, it is now easy to solve societal problems. Identifying the risks and issues are easier while it aids in mobilizing the necessary resource to achieve the social development agendas. There is no reason to turn a blind eye to global challenges like healthcare, education, employment, social equity, hunger, or poverty, among others. Below are ways that technology improves social impact development;

Easy Sourcing and Sharing of Information

Technology makes it easy to source and share information. A  person can access loads of data remotely through digital devices when they have internet connectivity. The research on internet platforms on sensitive topics like healthcare, education, and poverty is now available for any stakeholder. It will help to effectively tackle the challenges in societies as it helps in making informed decisions. 

On the other hand, technology makes it possible to share information in real-time. An officer on the ground can communicate with the head office and receive correspondence to support their service delivery. It makes the response to social problems fast. Without technology, there would be delays in the action stakeholders would take to meet sustainable development goals. 

Aids in Crowd Funding

The internet offers an avenue for stakeholders in social impact development to raise funds virtually. Crowdfunding is a new and trending technique where private or public entities can raise funds for their objectives. The method would not be available if it were not for technology. Traditional techniques of raising funds were expensive and would take more time to mobilize willing parties. However, technology makes it more accessible.

Other Benefits of Technology

Automation and the use of artificial intelligence transform processes for the better. It enables stakeholders in the sustainable development goals to offer improved products and services to the disadvantaged in society.  

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