Technological improvements allow me to have greater access to goods around the world. i can buy instantly and communicate instantly with producers. technology can also me to monitor economic trends, both in my country and in my own life. in summary, technology to give me more freedom to make economic choices.

information technology is revolutionizing products. once composed solely of mechanical and electrical parts, products have become complex systems that combine hardware, sensors, data storage, microprocessors, software, and connectivity in myriad ways. these “smart, connected products”—made possible by vast improvements in processing power and device miniaturization and by the network benefits of ubiquitous wireless connectivity—have unleashed a new era of competition.

smart, connected products offer exponentially expanding opportunities for new functionality, far greater reliability, much higher product utilization, and capabilities that cut across and transcend traditional product boundaries. the changing nature of products is also disrupting value chains, forcing companies to rethink and retool nearly everything they do internally.

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explanation:

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