Question

Given the increasingly popular topic of inequality, do you think IT evolution help increase or decrease inequality (either within competitive business market among companies or income/wealth inequality among individuals)? Why? Give some concrete examples of specific technologies to illustrate your point.

Answer 1

IT evolution mainly helps in developing information technology, product security, along with solutions and services. On the other side, inequality stands for the existence of a different level of various organizations within the business market concerning its competitive edge power. However, based on the concept of IT evolution, it can be analyses that it may increase and decrease the inequality both in organizational context but in different filed. As IT evolution helps in enhancing the information technology along with solution and service, it can be said that it helps an individual to develop the interpersonal skills for handling any organizational difficulty. On the other side, it also helps an individual to gather information related to his or her business development that influences the particular person to income a potential amount as same as the experienced employees. Therefore, it can be understood that IT evolution helps in decreasing inequality among employees and their development. On the contrary, it may increase the inequalities within the competitive business market. IT evolution helps organizations to know information about the business market that helps in making various business strategies. The strategy implementations of different organizations will provide a different benefit that may create inequalities within the competitive market.