Digital revolution - this is the shift from mechanical technology into digital technology,

The impact:

  • In production the revolution has led to use of robotics and digital control centers
  • Both the public and private sector now use digital way to store data
  • Communication has changed through the use of email
  • The use of the internet allows businesses to gather information a lot quicker and cheaper

Opportunities:

  • Cost savings as information is more easily accessed
  • Market research can be carried out a large scale easier
  • Feedback from customers can be accessed more easily.
  • Access to much wider markets
  • More employment opportunities in new technology markets

Threats:

  • Businesses have to keep up in order to stay competitive which could be costly
  • Increased access to information gives customers more options
  • Any bad publicity will travel a lot quicker
  • Large sums of money needs to be spent to protect the new systems
  • Loss of jobs in certain sectors
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