" Information technology changes business activities. In other words, thanks to advanced information technology, knowledge-based workers, who create and utilize information, play a key role in economic activities. (Hwang Eui-Hwan,1999) "
The Current Model of Economy
IT has brought changes in certain area;
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The Current Model of Economy
IT has brought changes in certain area;
• Changes in production structure - industrial age to the information age. As a result, there is a growing demand in the service fields that require expert knowledge and information. Existing service industries such as banking and distribution are enhancing efficiency and expanding their business areas. New industries on the basis of information technology such as software industry and information processing service are rapidly growing.
• Changes in investment structure - As information technology changes the aspects of competition, investment is made more in the area of information and communications that promotes productivity and speed up decision-making process than in the facilities increasing the production capability.
• Changes in employment structure - The number of workers in manufacturing sector is drastically reduced by shrinking share of its production. But employment in information and knowledge-intensive service sector is increasing with automation and investment in information technology. In the occupational categories, there are more demands for experts with creativity and information technology.
Malaysia current Economy Trend
Augmented Reality
Current Trends of Social Media
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Present IT
