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Communication Trends

The world is becoming increasingly well connected, believe it or not, there are remote islands in South East Asia that use small gasoline generators to supply their electricity but still have excellent cell phone and Wi-Fi coverage. After all, it is relatively easy to put up a tower but running power lines is much more difficult. And these days it seems that there are iPhone apps for just about everything, from entertainment and music to business and productivity and so we are relying more and more on electronic gadgets to help us communicate, navigate and calculate.

iPhone- smartphoneSmartphones allow you to manage your financial records, book-keeping and accounts easily with just few taps. For instance, if you want to monitor the stock market or real estate market you can keep track of the rising and falling of individual shares or overall stock market trends. You can check out the prices of property in different areas and compare it all on your phone. Even if you are traveling you can buy or sell your stocks instantly wirelessly. You can also find the lowest gas prices in your neighborhood through apps like Gas Buddy or compare the cost of living in various cities around the world with sites like Expatistan or Numbeo.

Apps are not just for business, they also help families to manage their financial monthly budget, pay bills and check out their revenue and expenses. You can link it with your bank account and get daily updates of your status and every transaction. Of course teenagers are the best connected generation that ever lived… with texting, email and internet access at their fingertips.

But is being constantly connected causing problems? The younger generation texts their friends while in the same room and is losing the ability to communicate face to face. They freak out when Twitter goes down momentarily and can’t follow directions if the GPS isn’t working. In a recent article in the Vancouver Sun they interviewed Alfred Hermida, a professor at the University of British Columbia’s Sauder School of Business, leads the  integrated journalism program at UBC’s graduate school of journalism, he says,

“For the freshman class at university, it is not a case of taking over their  lives, it is part of their lives. The whole idea of contemplating a world before the Internet is very alien to them. In a sense, technology becomes a part of what you do. Sometimes I ask my students to go offline for eight hours and often it is a  bit of an eye-opener, after about half an hour, they are saying,  ‘what do I do now? Or they will go and take a walk and they won’t be plugged into an iPod —  they’ll hear birds chirping in the trees and they’ve never heard that while  they’re walking.”

So although the ability to use Google any time or anywhere allows you access to information that would have been almost impossible to find in a library and the availability of apps makes almost everything easier there is a down side to being constantly connected.

See Also:

Engines That Move Markets: Technology Investing from Railroads to
the Internet and Beyond
The Manual of Ideas: The Proven Framework for Finding the Best Value Investments Communication Technology Update and Fundamentals Apple iPhone 5 16GB (White) – Unlocked

Image courtesy of suphakit73 / FreeDigitalPhotos.net.

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About Tim McMahon

Work by editor and author, Tim McMahon, has been featured in Bloomberg, CBS News, Wall Street Journal, Christian Science Monitor, Forbes, Washington Post, Drudge Report, The Atlantic, Business Insider, American Thinker, Lew Rockwell, Huffington Post, Rolling Stone, Oakland Press, Free Republic, Education World, Realty Trac, Reason, Coin News, and Council for Economic Education. Connect with Tim on Google+

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