Let’s discuss the evolution of real-time technology systems that allow us to enjoy instant communications, transactions, interactions, and entertainment. The evolution of the Internet has facilitated a brand-new playing field. We’re all part of something truly amazing, where everything is within reach.
Gone are the days of institutional traders and investors in their ivory towers; today, it’s all about social trading sans a middleman. We don’t need to wait for stock prices to be published in the business section of newspapers – it’s all available at the click of a button with dynamic pricing mechanisms.
Social communication is so much easier these days. Social engagement is readily available via Zoom, Skype, FaceTime, and other systems via video-conferencing capabilities. The archaic telephone, a relic of the past, has been relegated to the annals of history. The younger generation gazes upon public payphones as museum memorabilia, oddities from a forgotten era.
Entertainment Advances in a Big Way
Beyond communication, we have major advances in entertainment to consider. The primordial board game – a staple in households for aeons- has now evaporated into thin air. The entertainment of the modern generation is Internet-driven. And it’s not just kids playing games – since there are 18+ games readily available to adults too.
These include the inimitable casino games from ranking online casino operators. Now you can play slots online at the click of a button. Enjoying a world-class night at the casino without leaving home is possible. For example, players can power up PC, Mac and mobile devices to blaze a trail through a virtual realm.
On mobile, it’s easy to launch casino apps for Android or iOS or simply enjoy the browser-based play. The action streams to screens in real-time, with live dealer casinos readily available. Much the same is true of sports betting, with in-game odds in real-time. Such are the advancements of our time.
In-Store Gets Replaced by Online
In the olden days, if you wanted to buy a product or book a service, you would have to physically go to the store or office to make your purchase. With the advent of e-commerce, all of that has changed. Nowadays, you can buy anything you want with just a few clicks. And it’s not just physical products – you can also book services such as hotel rooms and airline tickets online.
This is made possible by real-time transaction processing systems allowing instantaneous confirmation of purchases. Another area where real-time technology has made a major impact is in the realm of finance. In the past, if you wanted to send money to someone, you would have to go through a bank or other financial institution. These days, numerous peer-to-peer payment platforms (P2P) allow you to transfer money instantly.
This is extremely convenient when splitting the bill at a restaurant or paying back a friend for movie tickets. As we can see, real-time technology has revolutionized how we communicate, transact, and entertain ourselves. It has made the world smaller and more connected than ever before. We are truly living in a fantastic age.
A Blast from the Past!
Remember Betamax and VHS – those ancient technologies were cutting edge in the 1980s – not anymore. What happened to video stores like Blockbuster? They went the way of the dinosaurs. The entertainment industry has been disrupted by Netflix and other online streaming services that offer instant gratification. No more waiting for the latest movie release to come out on DVD – you can watch it immediately.
The same is true of music. In the past, if you wanted to listen to a song, you would have to buy the entire album on CD or vinyl (if you’re old-school). These days, you can download or stream the individual tracks you want to listen to. This has had a major impact on the music industry, with Album sales plummeting in recent years.
And so, we bid adieu to the old and usher in the new. Fortunately, there’s plenty to celebrate. We now have infinite possibilities; thanks to technology, many aspects of our lives are dramatically enhanced.
Suman(Kul Prasad) Pandit is a graduate from Tribhuvan University with four-year experience in corporate and start-up sectors in UK and USA. Being a responsible & sustainable business enthusiast he is dedicated to business education to solve problems in entrepreneurship and business growth.