If all the above facts are summarized than it is evident technology is
playing important role in the development of economy in Asia. The technological
advancements in Asia is improving the standard of living of people and many new
businesses are emerging thanks to the invention of latest technologies.
Technology has revolutionized the business processes and enhance the
profitability, efficiency and sales of the organizations. The technology has provided
various benefits to the society however there are many drawbacks as well such
as security issues. Another major drawback of technology is related to its
impact on environment. Today the technologies such as computer and software
consume lot of energy which means that they have significant impact on the
environment. The latest gadgets or devices are made of different components
which does not decompose and cause harmful impact on the environment by
creating pollution.
Middle class is growing faster in the adoption of fueled technology as
well as consumption information. As the starting period, by big players such as
Google, Apple, Amazon as well as uber Asian tech companies as a copier used to
be seen of Western models development. In Asia technology has become
advance in recent years due to which various issues have also arises with the
passage of time. Governments are now making new laws and regulations so that
technology can be made safe and beneficial for everyone. Governments must
rapidly create, modify, as well as enforce regulations since emerging
technologies drive the new business as well as models of service.