Odd Peak

Industries Most Affected By The Introduction Of Technology To The Market

Over the past couple of decades, we have seen the entire world be affected by the introduction of technology as the entire world has now been digitalised. Due to this digitalisation of the world, most industries if not all have been transformed due to the way that technology has been introduced, some for better and some for worst, but we thought we’d investigate some of the industries that have been most affected by the introduction of technology to the market.

[Image: Business 2 Community]

One industry that has been totally transformed by the introduction of the internet to the market has been the banking world. Pre-internet days, land-based banks were so important as us consumers had to use them regularly to transfer money between accounts, pay bills and direct debits, check balance and much more. However, since technology has now taken off, we are now able to use banking apps where we can do all this using our smartphones and pushed that narrative of why we would ever use a bank again as majority of our finance’s life can be done through our smartphones.

Another industry that has been totally transformed by the introduction of technology to the market has been that of the entertainment industry. Now the entertainment business is huge, with multiple different branches from it, and all have been transformed by the introduction of technology and the internet. Television at home is now giving consumers a wider choice of what they want to watch using streaming services such as Netflix and Amazon Prime Video, which has ensured that more of us are now moving away from expensive cable subscriptions. Furthermore, gambling has also gone through a transformation as many of us are now using online alternatives, rather than land-based betting shops and casinos for their everyday gambling. If you are looking for some betting sites that have been able to take advantage of this new trend, then Super6.bet are offering some of the best odds on all their sports and are continuing to deliver the best betting sites not on gamstop.

And finally, e-commerce is the last industry that has been transformed by technology and wouldn’t even exist if it wasn’t for the introduction of the internet. The shopping world has seen a total shift in demand where we are now using online avenues like Amazon to do most of our shopping as we can rely on ordering online and our items being delivered the very next day which is something that is highly convenient for us consumers.