Technology and the fast pace of advancements in this field has a lot of impact on whatever an individual does in his or her day to day work and activities. Right from when the day begins, it is seen that technology helps an individual in carrying out his day to day activities in a simple and convenient manner. Thus, we can conclude that technology has a lot of impact on the human lives. Today, a paradigm shift is being witnessed in the field of knowledge acquisition and education. Students are encouraged to research and think out of box to derive at various conclusions. In many educational institutions, research and development is being given a lot of significance as it helps the students to indulge in radical thinking and derive at conclusions that are very different from what he or she is being taught in the class through the textbooks. Technology has no doubt encouraged the students to think in a different manner. This radical thinking has also had an impact on the world business. Businessmen are constantly looking for unique ways to touch base with target audiences. Services and products are also promoted in different manner.

There is a close linkage between the world business and world finance with ever burgeoning technological feats. Technology has brought about a significant impact on the way business is being conducted these days. The virtual world also plays a prominent role in this field. Every organization, whether a service oriented entity or a manufacturing related establishment, have to depend on technology for various reasons. Technology has a lot of impact on the growth and development of an organization. With ever increasing competition in every field, it is becoming increasingly important for the business owners to rely on technology advancements so as to match pace with the competitors.

Technology is quite important for manufacturing facilities where mass production is carried out. Using technology helps in expediting the entire process and maintaining the standard of the products to an optimal level. The technology has brought about a significant increase in production which has ultimately brought about a lot of advantages to the society. Mass production has lowered product prices and ensured the level of quality which is no doubt an impressive benefit to the society.

Similarly, a lot of advantages have been witness in the world finance as a result of technological advancements. This technology has helped people to take care of their financial affairs and ensure growth with much ease and simplicity. In order to develop any technology, it is very important to make huge financial investments, time and effort. Once fruits of these efforts start coming, people can enjoy excellent financial returns.

The pace with which technology is being developed; it is fast making just six months old technology redundant. This further necessitates people to embrace fast changing technology to reap its benefits in the best possible manner. Thus, a close linkage or association between technology and world business and world finance is being witnessed.