What Purpose Does Technology Serve?
Technology is ingesting the sector. We are surrounded by
means of era extra than ever earlier than inside the history of the human race.
Most people personal more than one devices. We demand
actual-time the entirety. The public square has relocated to Twitter. So a
great deal of our lives are now virtual that “in real lifestyles” has a name.
What reason need to era serve?
I agree with that the bigger cause of all technology is to
get rid of human drudgery.
Any technological advancement — but large or small — reduces
the dullness of human lifestyles. The industrial revolution decreased bodily
labour, Gutenberg’s printing press boosted literacy, the Internet made the
arena flat. Technology makes lives simpler for human beings, educates them,
empowers them, and frees them to experience the thrill of the arena.
As an investor drawn in the direction of technology
organizations, I frequently reflect onconsideration on the reason of
technology, and how it shapes lives. Imagine a Bharat where each citizen gets
regularly occurring healthcare; education in whichever subject she chooses; a
healthful and secure environment; a useful and handy authorities — all tenets
of a civilized society.
Technology permits this human development. For example,
think about the democratization of get entry to that mobile technology has
enabled. Cheaper cell telephones, 4G, and e-trade are reworking how we live.
Millions of gig workers locate employment with just a motorcycle and a
cellphone, boosting dozens of domestic-grown startups inside the global market.
BCG thinks the gig economy will upload up to at least one.25% to India’s GDP.
Shopping or ingesting in is just one part of the story. Hundreds of thousands
and thousands now have the capability to pay bills, file taxes, sign up their
cars, even have interaction with their authorities circumventing bureaucracy,
empowered through technology. Tech-savvy Bharat can even have an empowered citizen!
With get admission to comes inclusivity. We have to be
constructing products that encompass the subsequent billion customers.
Vernacular internet for example is anticipated to be $53 Bn. We should look
past translating content material to Hindi, Tamil, Marathi, and so on., and
build indigenous generation rooted in those languages and cultures serving
their precise desires. For example, believe an e-learning corporation
presenting agricultural schooling approximately vegetation indigenous to the
location, in a nearby language. Now, integrate that with drone-primarily based
technology which could gather information approximately those plants and
customise schooling for actual-time needs.
That’s now not all. The Vernacular internet opens doorways
to numerous exciting and complicated applications. Tele-health can deliver
tremendous progress for rural people. Life-saving health care is one part, but
telehealth can sanction communities with understanding approximately preventive
healthcare, menstrual fitness, and many others., that can have a long-lasting
effect on society as a whole. This will then make medical health insurance
greater welcome — possibly making sachet variant of insurance feasible to buy
on the neighborhood Kirana!
Digital payments have reached the ultimate mile, however
that most effective scratches the surface of the possibilities of digitized
monetary offerings. Access to debt, as an instance, is still closely dependent
on urban ecosystems like credit rankings with minimum leverage to the
agricultural populace. What if someone integrates micro-finance with
neighborhood crowdsourcing to enable actual-time export!
Access to capital is a prime motivator to economic healing.
If we are able to seed and assist several small and medium enterprises across
the u . S . A ., increasing our economic system, growing employment
opportunities. I additionally believe that because the vernacular economies
grow, wider skill units can be in demand, further developing the possibility
panorama. The gig economic system is here to stay. We need to permit schooling
and access to deeper swimming pools of skills to drive employment
possibilities. Technology need to make this inclusiveness to possibility
greater viable.
Technology has a dark side too. Data-driven generation
consisting of system learning, synthetic intelligence, personalization, and so
forth. Brings with it myriad worries of privacy, confidentiality, safety, and
ethics. As a society in itself, there is an opportunity in defining accountable
use of generation.
As futurist Roy Amara famously said, “we generally tend to overvalue
the impact of a generation within the quick run and underestimate the effect
ultimately”.
The 1.25% GDP boom that the gig economic system offers is
really worth over 30 billion greenbacks a 12 months! McKinsey projects that
newly digitizing sectors — virtual bills; agriculture; schooling; e-commerce;
logistics, supply chains, and transportation; energy; healthcare; e-authorities
services; and jobs and skills markets — can add $150 billion in incremental
financial fee. In multiple years, Bharat can be a $1 trillion virtual financial
system.
Our present and our future could be driven through era. It’s
on you and me to ensure we leverage generation to create a higher, greater
stable, and greater equitable social order within the long term.
Written through Vani Kola
VC @Kalaari. Committed to entrepreneurship in India. Yoga
fanatic, Daily Meditator, Occasional runner & mother of two ladies.
More from Vani Kola
Things I learnt from Ratan Tata
I vividly remember the first time I met Ratan Tata
(properly, who wouldn’t). My schedule turned into such that I had to power into
Mumbai instantly from…
Ability to have tough conversations is a key leadership
differentiator
Thanks to Google Maps we've got a non-public navigator with
us always to manual us via sticky traffic conditions. However, there is…
The Power Of Cross-Selling
This is a standard scene at a McDonald’s outlet. Every time
a customer walks as much as the counter for a burger, he or she is requested:
Would you…
“Voice reputation and offline internet will carry the
following billion users into the virtual fold” —…
For a few years now, we have been talking approximately the
ability of India as a big marketplace for virtual offerings. Cost obstacles of
devices and…
Recommended from Medium
10 Seconds That Completed My 20 Year Marriage
It’s August in Northerly Virginia, hot and humid. I
nonetheless haven’t showered from my morning path run. I’m carrying my
live-at-home mother…
You’re Using ChatGPT Off beam! Here’s How to Be In advance
of 99% of ChatGPT Users
Master ChatGPT through getting to know activate engineering.
Lists
ChatGPT activates
Business one zero one
Tech & Tools
ChatGPT
If You Want to Be a Originator, Delete All (But Two) Social
Media Platforms
In October 2022, in the course of the whole Elon Musk
debacle, I eventually deleted Twitter from my smartphone. Around the same time,
I additionally logged out of…
five Ways I’m Using AI to Make Money in 2023
These doubled my earnings closing year
ByteByteGo System Design Alliance
System Design Blueprint: The Ultimate Guide
Developing a strong, scalable, and green gadget may be
daunting. However, expertise the important thing standards and components could
make the…
10 Things To Do In The Nightfall Instead Of Watching Netflix
Device-free conduct to growth your productiveness and
happiness.