Financial Perspectives at the back in sequence supplies: A Theoretical Elucidation
In sequence technology refers to the meeting of technologies in computing, microelectronics and telecommunications, helping us to produce, process, store and transmit in sequence, in the form of pictures, language, or numbers. However, the prospects for any new technology depend on two factors: First, its contribution to the provide of output; and next, on what is occurrence to the require for that output.
Provide of in sequence
The combination of the separate technologies of computing, microelectronics plus telecommunications has been due largely, while not exclusively, to the improvement of the microprocessor - the computer on a chip. Usually, there are four aspects of the microprocessor which make it one of the best blessings of science including- Miniaturization, Cheapness, Durability and Flexibility.
For these reasons, compact, cheap, durable, and flexible computing power is now readily available towards information goods. Add to this increased performance, advances in memory technology, and in speed and quality of information transmission and in readily appreciate the reasons for interest and concern over microprocessor improvement. Therefore, as the production process of information is running towards the ultimate frontier of science, the supply of information is now very flexible according to its demand as well as needs.
Require for in sequence
Here the above discussion, the effort has made to look at the supply side- the increased technological capability for producing, storing, processing, and transmitting information. In fact, the flourishing growth style of means of producing information goods is perfectly coincided with increased demand for information.
Here the real world business environment, it is hardly surprising that the demand for information has grown. To verify this statement, the association for Economic Cooperation and improvement in UK estimated a sevenfold increase in volume of information flow 1970-85. A further reflection of improved require has been the change in occupational structure towards 'information occupations', i.e. persons primarily concerned through the creation and handling of information. Recent OECD information has shown these to have grown substantially in all superior industrialized countries, now averaging 40% of 'all employees'. In fact if we group occupations into four sectors, agriculture, industry, services and information, the information sector has now become 'the largest single sector' for employment in all concerning countries which are scholarly termed as the emergence of 'post-industrialized society'.
An interesting case study on the growing importance of knowledge concentrated industry in Japan is provided by Small wood. In the past twenty-five years, Japan has moved substantially away from labor-intensive and even capital intensive industries towards knowledge-information -intensive industries. This is the real fact story towards the rationale of being advanced industrialized economies.Causes of increase in earnings through electrical energy
