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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