With the growing digitalization and urbanization, there are tremendous technological advancements happening which are creating great impact in the lives of people. Internet is proving to be a boon and taking over the globe with the advancements helping people with various tasks and making communications easier. There is research and study of various topics leading to developments in those fields and moving towards solving major problems. Here are some of the technological advancements that have been creating or will create significant impact in the today’s world.

AI and Robotics: To understand the impact of AI, it is important to draw lessons from the past successes and failures, as well as to anticipate its future directions and potential legal, ethical and socio-economic implications. There is a wide range of Artificial Intelligence applications being adapted by the companies all over, Telecommunication being one of them. AI in telecommunication solves the problem of complicated wireless systems, increases decision making, makes operations easier than before.  It helps to manage the heavy network traffic and resources.

Bio plastic Packaging: With the growing impact of climate change there is a need to bring alternatives to plastic. There have been collective measures being taken on reducing the usage of plastics packaging, plastic products. People are aware about the harm plastic causes to the environment. There are some alternatives to plastics being used for the day to day routine. People are shifting their preference to bio degradable substitutes which are eco-friendly.

 Smart Grid: A smart grid uses digital technology to improve reliability, security, and efficiency (both economic and energy) of the electric system from large generation, through the delivery systems to electricity consumers and a growing number of distributed-generation and storage resources. The information networks that are transforming our economy in other areas are also being applied to applications for dynamic optimization of electric system operations, maintenance, and planning. Resources and services that were separately managed are now being integrated and rebounded as we address traditional problems in new ways, adapt the system to tackle new challenges, and discover new benefits that have transformational potential

Electronic funds transfer: The multinational companies have to use local payroll according to the locations they are situated in. They have to use a large number of payrolls according to the requirement which increases the time, cost and efficiency of the organization. Global payroll providers solve this problem as they provide only one global payroll for a company for all the locations. This saves their time of the process, increases efficiency, and makes the task easier for them. There is no manual work involved hence less chances of errors. The company can monitor the payroll of any location they want to. This makes the payroll system transparent all over the globe boosting the Global Online Payroll Services market.

Self-Driving Car: A driverless vehicle capable of fulfilling the main transportation capabilities of a traditional car. The self-driving car can Navigate to a given destination based on passenger-provided instructions, avoid environmental obstacles, safely avoid other vehicles and obey the laws of the road. It causes ease of using a car.

These are the technologies which are changing the way of living of people and creating environmental impact.