The Digital Revolution timeline refers to the shift from mechanical devices and analogue electronic technology to digital electronics as a means of storing, transferring and utilizing information. This era started during the 1980s and is ongoing. The Digital Revolution is called the beginning of the Information Era. This is the starting point of what we refer to as the digital revolution which began in the second half of the 20th century. Digital revolution example is the adoption and increase of digital computers and digital storage of information. Digital revolution impact has led to the development of more advanced computer systems. Digital Revolution inventions begin with the invention of the Internet and the rise of home computers. It is sometimes called the Third Industrial Revolution. But why has it become a revolution? The characteristic of digital technology is continually changing; it is progressively branching out and boosting productivity across a wide range of sectors and industries. Different events have led to the broad adoption of digital technologies which have changed forever the way we exchange and use information.

Digital revolution timeline

The invention of the revolutionary transistor in 1947 can be considered the beginning of the digital revolution timeline. The transistor, which was introduced in 1947, launched the way for the development of advanced digital computers. The government and various other organizations used computer systems during the 1950s and 1960s. Eventually, the World Wide Web was created. In the 1980s the computer became a familiar machine and gradually by the end of the decade, the ability to use computers became a necessity for many jobs. The way continued and by the late 1990s, the Internet became a normal part of most businesses and a part of everyday life for almost half of the American population. Digital Revolution inventions have caused in the decade 2000s that mobile phones were commonly used. In this decade the number of Internet users increased, furthermore, the television started to transition from using analog to digital signals. Digital revolution impact in the 2010s and beyond led to widespread use of the Internet. As a digital revolution example, mobile communication became very important, as nearly 70 percent of the world’s population owns a mobile phone. The connection between Internet websites and mobile gadgets has become a standard in communication. The innovation of tablet computers made it very easier to use the internet is everywhere. This allowed users to consume media and use business applications on their mobile devices, anytime they need.

Digital revolution inventions

Digital Revolution inventions started with the invention of the revolutionary transistor in 1947. The subsequent technological advancements made computer system components have been produced more energy-efficient and less costly. This digital revolution impact led to the development of computers with more complex processing circuits and storage memory able to hold both the program being run and the data it was working on. The Internet as a digital revolution example has changed many aspects of human life. Digital revolution timeline shows that by the 1950s and 1960s, many governments, militaries and other organizations were already using computers to manage complex data and functions. Simultaneously scientists began to consider time-sharing between computer users and the possibility of achieving this over wide area networks. When a message was sent over the ARPANET (which is short for Advanced Research Projects Agency Network) in 1969, the public was introduced to the concepts which led to the internet. In this way, the first computers were connected, and further software development enabled remote login, file transfer, new ways of communication and email.

Digital revolution impact

The digital revolution impact is the most significant event in information release and definitely had a huge effect on human communication. Another development in digital data technology was a compression technique called discrete cosine transform. It became a fundamental item to the digital revolution later, as the basis for most digital media compression standards from the late 1980s onwards, including different digital image formats, video coding formats, audio compression standards and digital television standards. Digital revolution timeline shows that improved performance and reduced costs due to the use of technology led to a wide acceptance and adoption of digital technologies. Shortly afterwards these technologies and digital revolution inventions made their way into a wide variety of equipment and consumer goods. Digital revolution example in the 1980s, shows the popularity of digital devices, with automated teller machines (ATMs), industrial robots, electronic music, video games and computer-generated images in the movie industry, all making their way into daily life. Little by little millions of people purchased home computers, and the first mobile phone was made in 1983; although digital cell phones were not sold commercially until 1991. The first digital camera was created in 1988.

Digital revolution example

Another turning point for the digital revolution timeline was the invention of what became the World Wide Web, starting in 1989. Tim Berners-Lee designed a standard set of rules for communication between systems. This was followed by setting up a server to store information and creating browser software. That was a program that helped to interact with various types of internet resources. With these elements in place, the World Wide Web as one of the digital revolution inventions became publicly accessible. Improvements to the web were a digital revolution impact that made it increasingly simple to use, and this, in turn, brought more users onto the internet. First companies and then individuals realized the potential to expand the capabilities of computers and other digital devices when connecting to the internet. From then on, the internet expanded quickly, and by 1996 it was part of mass culture and many businesses had websites. Across the globe, the pace of digital transformation is accelerating. The private sector continues to invest in disruptive technologies to get ahead of the competition. They adapt their business models to meet ever-increasing customer expectations.

A global phenomenon

Throughout the 1990s, countries of the developed world began to experience an economic boom. This was largely due to the success of the companies using digital technologies and to the advancements in transmission technologies, including computer networking, the internet and digital broadcasting. In the digital revolution timeline, 1999 was very important, because by then almost every country had an internet connection. That was the time when the digital revolution impact became global, with digital technologies spreading to the developing world in the 2000s. By late 2005, digital revolution inventions led the number of internet users to reach one billion, and by the end of this decade, three billion people worldwide used cell phones. Today More and more individuals are using the digital revolution example, the internet. Internet is used for a wide range of purposes: to communicate, interact with other users and organizations, access, use or make available information, or simply for entertainment. These new technologies allowed users to share resources and apply the principle of economy of scale.

The digitally literate society

Digital revolution timeline, as technology became more user-orientated and user-friendly, is experiencing new courses. Individuals nowadays became more digitally literate at all levels. They have started using technology in new ways and in an ever-increasing number of areas of their lives. Because of the digital revolution inventions by 2020, more than half of the world’s population actively used the internet. Digital revolution example has a wide range from social media to online shopping, from web applications allowing remote working to on-demand entertainment services, etc. Digital revolution impact on these systems has largely reshaped the functioning of everyday life. These systems provide new ways of maximizing the effectiveness of shared resources and building reliable solutions for individual users. These systems have been designed to facilitate multiple aspects of our lives. Furthermore, now users can start to have an active role in creating technology. These developments have led to a huge amount of in the digital space and, in parallel, the ability to store it has also grown exponentially, leading today’s society to the middle of the information age. Digital technologies are fundamentally changing how people and businesses work together.

The Internet and home computers

In Digital revolution timeline digital computers have changed the way the world we live in. Digital revolution inventions are for human comfort. The tendency of humans has always been toward making life easier. The Industrial Revolution create a new era, with abundant mechanization. Manufacturing, transport, utilities, etc. Mechanization had taken over many of the tasks previously involved in human intervention. Among different industries, the textile industry was much demanding cheaper labour; this would accelerate the mechanization process. A similar advancement of the need had taken place in the early 1900s, in the field of computing and mathematical calculators. This paved way for the digital revolution impact. Today, information activities constitute a large, new economic part that represents the basis for the next stage in the digital revolution example with the emergence of new technologies. Just like the Industrial Revolution which was encouraged by necessities in manufacturing and commerce, the digital revolution inventions appeared by a need for new devices and new ways of communication. The pace of changes in technologies continues to blur the boundaries of the physical and digital worlds. It is redefining traditional industry sectors and the way we live and work. These emerging technologies, growing amounts of data and smarter ways of getting insights are changing the way people’s lives, and businesses and governments way of interact.

Next-Generation Technologies

Digital technology will form the backbone of next-generation technologies and digital revolution inventions. In the digital revolution timeline, as digital connectivity extends to transport systems, it can lead to more equitable, efficient, and safer mobility. This suggests opportunities for countries to reshape the way people, goods, and services travel. Digital revolution impact with new technology, and hyper-connectivity of devices, enables technology-led efficiency gains of transport systems and beyond. Positive global trends over the past decade include improvement in logistics performance and fuel economy, both of which contribute to reducing the aggregate cost of goods, as well as fossil fuel energy consumption. The biggest impact of the digital revolution on low- and middle-income countries, however, will likely be through new manufacturing process technologies that affect the production of traditional manufactured goods.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post A Story About the Digital Revolution appeared first on OpenBusinessCouncil Directory.

Driver’s license and registration, please. That is a request every driver will hear at some point in their driving career. Also, it is not really a request. So you need to have them handy. The uniformed officer demanding to see those documents will not take kindly to you showing them a digital image. The officer wants to see original hardcopies of both. One day, that will change. But when you really stop to think about it, that was supposed to have changed already.

Stop and think a little more and you will realize that a lot of things that were supposed to be replaced with digital versions are still around. Journalists still prefer taking notes with pen and paper. Most doctor’s offices still keep paper records. We use voting machines but they are still backed up by paper ballots that can be hand-counted. It really does seem like the more things change, the more they stay the same. Some things have changed, and not necessarily for the better. Board games have been largely replaced with video games. But for the most part, we are still waiting for some of the big changes. Here are three:

The Paperless Myth

We are never going paperless. That is a myth that no one truly wants. If it does come, it will be several generations in the future. The problem is not the technology. We have the technology right now. There are just too many situations where paper and ink are the preferred media.

If you are a doctor, lawyer, educator, or marketer, there is a good chance your reliance on managed print services have increased rather than decreased. It is more important than ever to have a paper trail. Hospitals have been the repeated targets of ransomware hacks. They are also pathetically easy targets. Their need for paper backups of everything is greater than ever.

The fastest and easiest way to capture a signature is to use a pen and paper. The fastest way to add your name to a check-in list is with pen and paper. Recent experience tells us that the vast majority of voters still feel more comfortable with paper ballots. We still love the look and feel of a paper menu at a fine restaurant. Paper isn’t going anywhere soon. Apportion your printer budget accordingly.

In-Person Conferences

Some conferences, expos, and trade shows have gone online temporarily while we wait out the pandemic. All of the tech conferences transitioned to online only events in 2020, and will continue that trend through 2021. But make no mistake about it: Everyone wants to go back to doing things in person and hands on. That is going to happen as soon as it is safe to do so. No matter how much they complain about it, both presenters and attendees love the excitement, atmosphere, and camaraderie of live events. No online presentation can replace it.

Cold, Hard, Cash

They call it filthy lucre. Indeed, money is one of the filthiest things you will touch throughout the course of your day. That dollar bill has traveled around the world and picked up the most virulent germs along the way. Really, what’s in your wallet? You don’t want to know.

Some experts say that bitcoin will replace bonds. That seems highly unlikely to happen anytime soon. Right now, bitcoin is more of an investment than a currency. And it will be just one more venture that didn’t replace cash. Credit cards didn’t do it. Digital payments didn’t do it. And so far, the law still protects cash as a currency. Many businesses don’t take debit or credit. But they all take cash. One might predict that cash will be around long enough to dance on the grave of bitcoin. Never bet against cold, hard, cash.

One day, everything will be digital, perhaps even us if sci-fi writers are to be believed. Until then, paper, live gatherings, and cash are here for the long haul. While everything could go digital, perhaps it is better if some things remain anchored in the real world.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post 3 Analog Products and Services the Digital Revolution Was Supposed to Kill, But Didn’t appeared first on OpenBusinessCouncil Directory.

Over the past couple of decades, the finance sector has changed dramatically. Technological developments have helped to revolutionise the sector, delivering a wide range of benefits.

Here, we’ll look at the top five benefits the digital revolution has had on financial management.

1. Fewer errors experienced

One of the major benefits the digital revolution has had on the finance sector, is the reduction of error. Even the most well-skilled humans don’t always get it right. So, the development of automated software has had a particularly positive effect on the sector. With fewer errors experienced, it allows for much smoother, stress-free business operations.

Similarly, it’s really helped to reduce fraudulent cases. Banks and financial services have benefitted from advancements in technology, helping them to better detect and combat fraud.

2. Simplicity and efficiency

Digital financial management has also helped to simplify and improve efficiency within the sector. Common finance tasks can now be completed quickly online. Businesses can now get paid electronically, as well as handle all invoices online. This has sped up the payments process, with many banks now offering instant transactions.

Accounting has also been sped up and simplified. Using RSM digital services for example, enables businesses to have their accounts taken care of completely online. This means there’s no papers to file and all of the company’s financial information can be stored and viewed within the Cloud.

3. Helping to better secure funding

Improvements in digital services have meant it’s now easier for businesses to secure the funding they need. Not only can they find suitable lenders to match their requirements, but the internet has also opened up a multitude of alternative lending options.

Businesses can be matched to suitable investors, with platforms such as peer to peer lending now available. This means even those with a poorer credit rating can still find the funding they need. They can also compare different lenders before applying.

4. Enhanced decision making

All financial information can now be viewed instantaneously thanks to technology such as the Cloud. This means businesses can now make much better financial decisions in real time. They’ll also be able to use the information stored to make better decisions regarding the future finances of the company.

5. Mobile working

The fifth benefit the digital revolution has introduced, is mobile working. At one time, all financial records were kept in physical storage. However, as everything can now be viewed online, mobile working has become a possibility.

This has been a particularly great benefit for those running an international business. It’s provided great opportunities for expansion and more flexible working. It also allows you to outsource financial services much easier.

As you can see, the digital revolution has delivered a lot of benefits into the business and financial sectors. From simplicity and efficiency, to easier access to information, online financial management can prove invaluable to businesses today. If your business hasn’t taken advantage of digital financial management, now’s definitely the time to consider utilising it.

This is an article provided by our partners network. It does not reflect the views or opinions of our editorial team and management.

Contributed content

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post The Five Benefits of Digital Revolution in Financial Management appeared first on OpenBusinessCouncil Directory.