Sunday, 6 November 2016

Q .3 Create a blog post titled: The social economy: Unlocking value through social technologies, in this post outline the benefits and risks of social technologies for individuals, corporates and communities. Focus on South Africa.


 The Social economy is a third sector among economies between the private business which lead negative impact other people’s lives for individuals it can be a  risk for the social economy, also Technology use is adversely increasing and its becoming advanced. Individuals, communities and the corporate word benefit from digital communication but it also carries risks.

The risk of social technology:

Ø  Job loss
Ø  Lack of skills
Ø  Increase of the loneliness

Benefits of social technologies for individuals, corporates and communities :

Easy Access to information
Internet has made it very easy to get relevant information anytime and anywhere, and users with gadgets such as tablets and phones also have easy access to information because they use the Internet. This is convenient for South Africans as they can get updates on current news affairs on apps such as News24

Encourages innovation and creativity
While technology may be challenging to understand and sometimes use, it sparks the brain to work to its full potential. Technology has helped people establish their own businesses, which essentially contribute the South Africa’s economy and may aid in job creation.

Improved communication
Modern technology has broadened the channels used in communication (for example video chat or electronic mail), and South Africans can communicate with friends and family overseas or even have meetings over Skype.

Efficiency and productivity
Modern technology has helped South African businesses in increasing their production through automation. The consistency and accuracy of machinery during the production phase also results in increased productivity.

Convenience in Education
Modern technology has made in much easier for students to learn from anywhere through online education. In 206, the South African government issued iPads to matric learners in order to enhance their learning experience.

Social Networking
Modern technology has made it easier to form new relationships and to stay in touch.
For individuals, the benefits of digital communication would be that it is convenient, it is quick for the message to be communicated and it is inexpensive to communicate. In South Africa, the postal service is not as efficient as the postal service in the United Kingdom for example. South Africans would rather use emails to communicate to people, and this benefits South Africans because they are not losing out on any communication but instead simply use emails to send communication instead of using the postal service as a means of communication.

All around the world there are also risks of using social technologies to communicate. For example, someone using Facebook should be very careful as to what they post online on their profile. If someone posts private information online, a stalker could use this information to stalk the person, which could lead to harmful actions such as the victim being raped, being robbed and hijacked.
For corporates, the benefits of digital communication would be that it is convenient, it is easy for them to communicate simultaneously to a large audience and it is inexpensive to communicate to its customers. In South Africa, a company such as Woolworths uses its Facebook page to share recipes, its latest deals and special offers. It also uses its Facebook page as a platform to generate ideas and suggestions from its customers in order to make Woolworths a better shopping experience for its valuable customers. For a small business in South Africa such as a Cup Cake baker working from home doesn’t have the funds to buy a website, so instead uses Facebook to create a page for her business. The page doesn’t cost her anything, it simply provides her with free advertising for her small business. These are benefits for a corporates using social technologies.





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