Which Businesses have been Drastically Transformed by Technology?

August 15, 2019 4:39 pm

Technology has had a huge impact on businesses over the years. Some have changed more than others, and if you are interested in seeing which ones have been affected the most then the only thing that you have to do is take a look below.

Travel

Travel will always be a huge industry, but it has been drastically changed by the internet. In previous years, the only way for you to book a vacation would be for you to visit a travel agent. Now, you can book a trip within minutes while also getting access to absolutely everything you need. You can choose your hotel, your car rental company and even your flight too. Travel agencies are now shutting down and some of them operate solely online. As a result, the travel agency industry has become very popular with younger people because of the new implementation of technology.

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Video Rentals

Technology has also changed the way that video rentals work. A lot of video stores are now going out of business and others are finding it hard to stay afloat. Streaming is now more popular than ever, and you can even do it via your smartphone. The DVD industry is still going stronger than ever before because of internet shopping. People can order any movie they want and they can have it delivered right to their door. On top of this, cinemas are still very popular because of the experience that they offer. You can buy tickets online now and sometimes you can even use your smartphone to load a digital version instead.

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The Medical Industry

The medical industry has changed so much over time. At one point, doctors were forced to have a physical copy of a patient’s file. Nowadays, everything is digital, and a file can even be sent remotely. Patients can arrange to see a doctor online, or they can order the medication they want over the internet. You can cancel appointments via text, and this is one of the many reasons why it is now more convenient than ever to get the medical support you need. Of course, the legal cannabis industry is growing too, and this is also going to be impacted by the ever-growing scope of technology.

The Music Industry

The last 20 years alone have seen a lot of changes happen to the music industry. At first, CDs wiped out cassettes, but now even CDs are starting to die out. The main reason for this is because MP3 players are thriving and digital downloads are more prominent than ever. You can easily find any track you want with the click of a button and you don’t need to hunt down your local record store either. Bands are finding it harder to make money nowadays as the result of this, but at the same time it offers way more exposure and it also helps them to get way more traction on social media. There are swings and roundabouts, but at the end of the day, things do appear to be changing for the better.

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