The process of interaction and integration among people, companies, and governments across different nations. It is driven by international trade and investment and facilitated by information technology.
Globalization refers to how trade and technology have made the world more connected and interdependent, speeding up the movement and exchange of people, goods, services, capital, technologies, and cultural practices globally.
One of the effects of globalization is the increased interaction between different regions and populations around the world.
Digital Divide
The unequal access to information and communication technology among different societal groups and the varying levels of skills required to use the technology.
Digital Divide
Only 3% of the population in Africa has internet access
In Cambodia, Laos, and Bangladesh, only 1% of the population has internet access
The Middle East accounts for just 0.9% of global internet users
Cloud computing
Involves the use of a network of remotely connected servers to store, manage, and process data via the Internet
Cloud computing
Allows companies to free up local storage space on hard drives, saving costs
Mobile computing and applications
Mobile phones, tablets, and other devices have significantly impacted both business and personal realms
The usage of mobile devices and the number of generated applications have surged in recent years
Big data analytics
Allows businesses to analyze large sets of information to achieve diversity in increasing volumes and growth velocity
Big data analytics
Provides a high return on investment by enhancing the productivity of marketing campaigns through high-functioning processing
Data mining
Enables companies to predict growth opportunities and achieve future success by examining data to understand markets and strategies
Automation
Involves the use of automated processes to collect information from vendors, customers, and other documentation
Automation is a significant trend in the IT industry