There’s no denying that everything has changed since social networks and social media became a part of our everyday lives and became mainstream. Starting with the way we mix, engage, organize events, and even the frequency with which we go out, we can make a significant difference in the world. This article will not debate the ethical ramifications of how social media impacts our daily lives.   This essay will focus on how social media is changing the educational system as an alternative. Meanwhile, stay tuned to see what effect social networking has on how our children are educated both inside and outside of the classroom.   The Consequences of social media Roles in the Educational Field Beginning in elementary school and continuing through university graduation, social media plays an essential role in enabling parents, students, and instructors to exchange information and build communities in innovative ways. In accordance with data, 96 percent of students who have access to the internet utilize at least one social networking site. Furthermore, although some students use social media for amusement and other purposes, many utilize it to promote a range of excellent and helpful activities. This is particularly noteworthy. Everything is possible, from obtaining a summer internship to publicizing a success story on how to win the student debt battle to cooperating on global efforts to receiving a summer internship. Significant Changes Through Technological Progress In the wake of technological progress, one of the most significant changes has occurred in the way we receive new information. The days of sifting through dusty library shelves and searching for a solitary nugget of communication are long gone. By just pressing a button and using search engines, one may now access hundreds of materials on almost any subject with a mouse click. When searching for specific information, using a search engine is much more convenient and efficient than going through real books and library archives, which may have limited resources. Therefore, the time it takes to find items in a library may be adequate to locate, assess, and critically analyze the same information in an online environment.   Use of Libraries Decreased Due to Advanced Technology   As a consequence of technological advances, we have changed our approach to using libraries, for example, somewhat sifting through the bookshelves when you get there. Because of this, substantial amounts of time are saved. According to the Library Journal, some modern libraries even enable their customers to borrow e-books and get access to their databases through the internet. In contrast, libraries that do not keep up with technological advancements risk becoming outdated. Traditional Classroom Activities Changed to Modern Activities Meanwhile, technology is changing, and in some instances, traditional classroom activities are being phased out in favor of more modern alternatives. Because they are more practical and allow for virtual content, smartboards are quickly displacing traditional blackboards. Among the various pieces of technological equipment used are projectors, laptop computers, and 3D printers. Furthermore, due to systems like Blackboard, online learning has gained in popularity. Bachelor’s and master’s degree programs are now available online from various renowned universities across the world. Aside from this, children are not learning how to properly connect with others around them, making it harder for them to interact and cooperate. They often learn to communicate by exchanging text messages and listening to one other’s conversations via headphones. A consequence of this is that the children do not know as well as they would if they had talked face to face about their facial expressions and body language interpretation. Making Digital Channels for both Business and Educational fields To begin the process of digitization, different digital channels for selling products and delivering customer support must first be made accessible to consumers. While consumers often face a shortage of self-service options on digital media, they are also often limited to just the most basic transactions. Online completion of more complex activities, such as onboarding a new client or getting financial advice, is not always possible. As a result, many consumers become dissatisfied because they are perplexed as to why something that has grown commonplace in other service industries is impossible in the financial sector.   The Most Concerning Limitation
  • Though, is that client-facing employees are not given access to their clients’ digital activities.
  • Customers who have been unable to complete a payment or initiate a trading order
  • through mobile or online banking
  • Will be required to provide a detailed explanation when meeting with an advisor or relationship manager to receive the assistance
  • that is necessary to complete the transaction.
All Educational and Business Processes Are Being Converted to Digital Format After that, it is necessary to digitize processes to increase efficiency and provide an omnichannel experience, which guarantees consistency and continuity of service across all channels. This means that client advisers and branch employees will be able to perform their daily tasks on a digital platform that is completely connected. At this point, as opposed to stage one, digital channels are now being used as a medium for communication and collaboration between customers and advisors, enabling financial services providers and their clients to create a more personal relationship. Required Complete Automation to Digitize All Processes Complete automation of the whole financial services value chain is required to digitize all processes. A particular emphasis should be placed on improving throughput and digitizing all customer-facing activities, such as client onboarding and investment advising. Because of this, we are completing the second stage of digital transformation will enable significant efficiency gains while simultaneously reducing costs. However, it is possible that this may not be enough to survive a digital upheaval in the future.

Leave a Reply

Your email address will not be published. Required fields are marked *

Share Article: