In today's complex and intelligence-intensive world economy, it is becoming obvious that, in organizations as in nations, totalitarian governance and bureaucratic management are incompatible with high performance Bureaucracy is dying because it produces organizations that lack the systems for assembling a collective intelligence and use IT in a productive manner for growth to think both globally and in local detail, both near-term and long-term, and in terms of both freedom and community. We all love this change; I think you all will agree with this.
The point which I am trying to make over here is that; Information technology may be viewed as autonomously impacting society. However, it may also be viewed as a product of society, created through its needs and molded by its values. From this second point of view, the development of information technology may be modeled as a succession of social learning processes arising out of the need to cope with an increasingly complex world.
Only now in the fifth generation and beyond are computing systems becoming able to interact with people at the levels of the higher processes of the mind. Thus, their major impact is yet to come.
Amazing technology advancements are being made now in cycles of months and weeks, not years. It’s hard to envision what the capabilities for computer users will be in two decades. By 2020 a massively multi-core, multi-threaded microprocessor will run one thousand times as many computations per second as today. That means enormous gains in productivity and efficiency, giving us unimaginable power to access, organize and transform information.
At the end let us note that the understanding of the processes of knowledge, induction and problem-solving that are necessary to the development of future generations of computers is equally applicable to human development. The tools of humanity change the world and humanity itself. If we view the development of computing as a symptom of a changing basis for civilization then we can begin to gain some glimpses of the future. If we view it as autonomous technology causing problematic and unwanted change then the future will continue to be opaque.
With this I want to initialize a thought process regarding following point of thoughts, with respect to information technology- its impact and revolution we are living in:
The Information Technology (IT) Revolution.
Implications of IT revolution.
The Product Cycle under the IT Revolution.
Insurance Sector growth with IT.
How to add to this revolution.