Question

Describe in your own words the impact of Mobile IP on the economy and on business.

Answer 1

Mobile IP:

Mobile IP is a technology that allows mobile devices to have one constant IP even though the mobile devices can keep moving from move from one network to another. It is an enhancement made in Internet Protocol that allows location independent routing of the packets(which are commonly known as datagrams).

Mobile IP has a massive impact on economy and business. Few years back when mobile technology was not so widespread, computer devices were the only way to connect to the internet. Everyone back then didn't have access to computer devices. But if we see the case now the number of people connected to the massive network that we call as Internet has massively increased and that also by huge proportion. This is how massive impact mobile IP technology has made in the world. If we see and example we can see that today people don't need to necessarily open shops to sell their products, the internet network has made it easy to use and mobile IP technology has made it accessible for everyone. People are becoming more aware of the potential of this technology. Some of the biggest revenue earning companies in the world like Microsoft, Amazon, Google, Facebook are based on this technology. Still there is a lot of room and potential that we have not explored in this area but we are definately going to do that in coming future. The penetration of this technology in the global economy has been rapid and huge. Nowadays everyone wants to take their business online, because everyone knows that online is the place where they can get maximum exposure and attention of the customers. Numerous mobile applications are build daily to improve user experience and in order to provide best services with minimal customer effort. Things are starting to get more transparent to the user and user can see the structure of the organization very easily. Communication has never been so easy, anywhere and at anytime one can communicate to another. All this has been possible because of this technology.