Technology predicts economic trends

Weekender

BY MICHAEL JOHN UGLO
TECHNOLOGY is making way for aspiring individuals and firms to expand their business agenda.
There are already new and emerging technologies in cloud computing with e-commerce capabilities, efficiencies in software and hardware of computer programmes with integrated circuits on a silicon crystal and a computer chip from a wafer to foster supply chain and business operations.
Here we are talking about a variation in a level of voltage and current to transmit in a binary mode in digitalisation. The alphabets in the zeros and ones have to be propagated through a communication frequency and passband in a bandwidth of a channel to a receiver. An error correction is made in the same alphabet to command a correction if there is one detected by a convolutional code or linear error detection and correction in its hamming space.
To work in the technology environment comes with a culture of a new breed of workers who are ambitious to take those tasks to progress the business and anticipate breakthroughs and innovations in the protocols and interfaces. This is the norm to embrace to produce rewarding results because it has to meet the standards for the 21st century use. It presupposes that it should be appreciated not only locally but globally because it is advanced through technology.
On the contrary take a moment to see if you have not used technology as your tool to make any product. Of course, it is highly abstruse if you would sell your product at all to the world because of the precarious nature of the quality of your product. We are not talking about primary products but manufactured goods and services. Thus, technology takes precedence in this age for product quality control and assurance.
Performance and technology
A relation seen is a set of inputs and their binary morphism with another object for an output to expose an inherent potential for various functional relationships to transform into augmented results. As such, investments in organisational capital such as decentralised decision-making systems, job training and business process redesign are some areas that technology can meaningfully be exploited. Technology is not simply a tool for automating existing processes but is more importantly an enabler of organisational changes that can lead to additional productivity gains. The returns to technology investment are that thriving and innovative companies continue to lead the way.
For example, in the instance of the pandemic corona virus, most tech companies’ profits soared as businesses was done online.
A satellite link of a radio averaging frequency, and a polling of a peripheral device signalling to use a resource in say a processor for message conveyance in a slave master control mechanism has a constraint in a semaphore that adds or minuses a one (1) and still stays at a positive value for the transaction to take place.
The above methodology of passing control and information can be deployed to maximise gains. For instance, nations like Singapore, South Korea and China have optimised the use of the virtues of technology to their advantage. They can manage themselves most effectively particularly with computer application developments and systems engineering especially when the propensity in technology is now leaning towards computing devices communicating with each other and their uses in distributed systems and on the internet.
PNG is a country with a hugely rural-based population but cannot remain conservative for long but rather has to exploit this opportunity to its full advantage given its rugged terrain. Business is all about opportunities. It will need funding and support to use technology to address problems such as health, law and order, diet, sanitation, education, natural disasters, tribal fights, businesses and many more.
Positive developments and
technology
Using a third or fourth generation (3G or 4G) smart phone with an advanced computing capability as in caching and memory mapping functions and circuitry with microprogramming and a nano-store of a microinstruction, the parallel processing capability of binary adders either sequential or combinatorial can allow for accomplishment of so much work in data processing. Technological advancement is unequivocally correlated with globalisation. The adoption of technology by developing countries has had profound effects on their economies, such as in reducing the national costs of production, establishing standards for quality, and allowing individuals to communicate from long distances.
Another view is in a manufacturing plant that employs this three-dimensional control in the derivative, proportional and the inverse parameters as being computer-controlled.
Take for instance in 3D printing which demonstrates an area of huge potential in research and expansion which gives our young creative minds an opportunity to come up with wonders in technology only when they are supported. The young generation can abstain from anti-social and illicit activities and creatively engage in business activities using user-friendly and articulate devices to connect to commercial business sites which open up so much opportunity. Alternatively, they can create their own websites of a client/server system to engage in business. When they make money in such a mode, I doubt they will ever turn back.
When our natural resources are gone where do we turn next? It has to be technology and human resources in order to keep this nation buoyant. That is if PNG’s future generations are to see tomorrow in this civilised world. Most importantly this business environment will create an unprecedented supply of resources that will keep this nation continuously prospering and you will be lost for words how it all happened. And I can assure you that.
Without it, PNG’s economic prosperity will uphold the failure of the neoclassical economical model studied throughout the world’s universities that led to the world economic crisis and recession. It is like blind people leading blind people.
Areas that need attention and
technology
Technology is needed for establishing a function in a virtual memory management, and a parameter passing with sets in computer hardware controls and processes data. It is done in a set for nodal network establishing permanent routine activity until the software and hardware components wear and tear. It then requires upgrading or replacement after its work performance after many years. As such it portrays a standard working regime that merits reputable results and is unique to an automating computing device whether deterministic or non-deterministic that appreciates the computing problem of P=NP problem.
However, the algorithms for both functional and imperative language facilities and equations are the polymorphisms or relations for the object-oriented structures and axioms respectively. The reason being that algorithms are appreciated for how best they work to keep the technology system functioning and producing results from the recursive computability and iterative operations. This simply means that any idea is good enough and no one idea is the only good idea in the technology world. It presupposes any one idea can be best to appreciate because it can produce unprecedented results.
Next week: Perfectly competitive market structures are conducive for innovation and progress.

If you have queries any of my lectures on Technology and Digital Technology and Economy in this paper and need further explanation, you can order the entire series. You can also send any comments so I could take on them board when writing the next article. My email is: [email protected]