InfoTech in a Global Economy

InfoTech in a Global Economy

The policy-making and its implementation play a key role in handling various societal and global problems. Policy interventions require a lot of financial resources and may have long-term effects on individuals and nations. The complexity and uncertainty of the outcomes in the policy-making process cause the need to develop effective policy models capable of dealing with the issues. The policymakers utilize the models by capturing essential data for generating evidence.

The enhancement of the policy models assists in handling uncertainties and issues of incomplete data. The policy-making process at both the individual and societal level are affected by technology infusion. For instance, the policy-making process is influenced by interactions with the public using social media. As a result, these interactions can enhance the involvement of the public, thus creating transparency in the process.

While dealing with the engagement of the population, a large amount of data may need to be processed. Therefore, processing such information as well as addressing conditions of uncertainties may pose challenges for the policymakers. However, technological advance has led to the introduction of different modeling and computational and simulation techniques capable of addressing such issues. Combined with social media, open data movement has made it easier to avail of new data.

The advancement of computational power has greatly influenced the performance of tools used for research in various systems and correlations. Through information technology, the collection, analysis, and visualization of data have been simplified. The complex methods of addressing data have enhanced understanding as well as availing spatial, temporal, and complex information to the public (De Roo  & Hillier, 2016).

The application of information technology can help in eliminating the existing technological divide. Today, developing countries have an opportunity to enhance skills and eliminate illiteracy through social media and the internet in general. The information technology circuit creates a channel for sharing knowledge and skills at both the societal and national levels. The collaborative decision making will play a critical role in shaping the future of society (Audretsch et al. 2014).

Reference

Audretsch, D. B., Lehmann, E. E., & Wright, M. (2014). Technology transfer in a global economy. The Journal of Technology Transfer, 39(3), 301-312.

De Roo, G., & Hillier, J. (2016). Complexity and Planning: Systems, assemblages, and simulations. Routledg