buy custom The Influence of Technology on Healthcare essay

purchase custom The Influence of Technology on Healthcare article Data innovation has had huge ramifications on the cost, quality and availability of human services. Despite the fact that the dissemination of innovation into social insurance is low, interest in human services innovation has extraordinary capability of improving productivity, quality and security of medicinal services. This paper will look at instances of medicinal services innovation and how this has impacted the cost, quality and openness to social insurance. Impact of Health Information Technology (HIT) Wellbeing Information Technology includes the utilization of PC in the clinical practice. This incorporates automated section frameworks that doctors use to arrange tests or drugs, the emotionally supportive network that guides clinical dynamic, electronic medicine of prescriptions and electronic clinical records. The dissemination of innovation into social insurance framework has had huge effect on the nature of wellbeing administrations gave. The emotionally supportive network for clinical dynamic, for instance, empowers clinicians and doctors to settle on very much educated and precise clinical choices through a framework bolstered counsel methods. Electronic clinical record (EMR) has helped in encouraging electronic transmission of information in this way upgrading the acknowledgment of interoperability of various consideration offices and sharing of clinical data (Blumenthal Glasser, 2007). This, additional to utilization of electronic wellbeing record (EHR), have improved nature of human services by aiding in the distinguishing proof of unsafe medication associations or potential hypersensitive responses of patients to the recommended drugs (Blumenthal Glasser, 2007). Wellbeing Information Technology has affected the expense of medicinal services. It empowers care suppliers to endorse increasingly nonexclusive prescriptions. This brings down the expenses of medicine related with the remedy of the exorbitant brand-name drugs. Also, the expense related with clinical translation is wiped out. Herndon, Hwang Bozic (2007) refered to that the expense related with manual support of patient records is colossally decreased with the reconciliation of innovation into the data frameworks of the medicinal services industry. Openness of social insurance administrations is incredibly improved with wellbeing data innovation. Interoperability of medicinal services syste encouraged by wellbeing data innovation upgrades sharing of data. In this way, patients can have the option to get to clinical administrations immediately from any area since the frameworks are incorporated. With wellbeing data innovation, one can analyze ailments through the automated demonstrative data frameworks (Blumenthal Glasser, 2007). Through this framework, a patient can without much of a stretch decide the potential contaminations and access the suggested analysis for the malady. This infers one just needs to look for the prescribed medication without heading out to the emergency clinic to see a specialist. Versatile Technology and Health Care Versatile wellbeing includes use of portable advancements in wellbeing exploration and conveyance of medicinal services. This has affected the nature of social insurance decidedly. With the versatile innovation, more research has been done on best treatment mediations for different illnesses (Herndon et al, 2007). Portable innovation empowers experts and general society to have moment access to medicate data for more than 800 ailments and conditions. This upgrades arrangement of precise remedy for these maladies and conditions hence reinforcing the nature of the administrations gave. Versatile innovation has enormously improved the availability of human services administrations. For instance, little lapel button consolidating small camcorder, receiver, GPS association and accelerometer transmits a people genuine dietary and physical action through the cell phone to a dietician for assessment. Dietary data and mediation would thus be able to be gotten to effectively from the dietician. Also, this innovation gives a rundown of more than 800 sicknesses and conditions with their point by point tranquilize remedy data through a ground-breaking internet searcher. Flip telephones, iPhones and Androids have additionally encouraged simpler access to clinical wellbeing data and subsequently bring social insurance benefits nearer to the general population. Versatile innovation additionally decentralizes medicinal services administrations (Blumenthal Glasser, 2007). While the quality and openness of human services administrations is extraordinarily improved with the utilization of portable innovation, the cost ramifications are agonizing for the low salary workers. The adornments that this innovation requests so as to be practical are over the top expensive and hence unreasonably expensive for the low classs classification of potential buyers. Further, the online solution way to deal with prescription is pricey given the test of area and cost of the recommended meds for the conditions and maladies that are analyzed. PC Supported Treatments and Health Care The nature of medicinal services administrations has incredibly improved with the combination of PC upheld clinical mediations. The utilization of assistive innovation and PC upheld screening and treatment of sicknesses has fundamentally improved the nature of social insurance administrations gave to patients (Blumenthal Glasser, 2007). Screening, recognition, finding and treatment of destructive diseases, for instance, have been conceivable because of the dissemination of PC innovation into the social insurance framework. In addition, PC upheld intellectual social treatment of the nervousness issue is very costly (Anderson, Jacobs Rothbaum, 2004). Clinical innovation has included utilization of specialized machines in illness screening and treatment. Infinitesimal PCs have been utilized in the screening of dangerous cells and other smaller scale bacterial diseases inside the human framework. Be that as it may, the use of innovation in the screening, determination and treatment of illnesses has been extravagant and excessively expensive for the vast majority. The expense of human services has in this way ascended because of the utilization of mechanical methodologies in the medicinal services framework. Since the expense related with combination of innovation in the screening, analysis and treatment of illnesses and conditions has nearly significantly increased, openness of social insurance administrations has gravely declined. A decent rate, around 40%, of white collar class populace can't get to the social insurance benefits because of the significant expenses related with innovation bolstered treatment methods. This is especially the situation with a portion of the incessant illnesses and conditions, for example, malignant contaminations. End The dissemination of innovation into the social insurance framework has commonly had positive effect in the wellbeing part. While the expense of the human services administrations has generally shot, the quality and openness medicinal services administrations have incredibly improved. Medicinal services innovation should along these lines be advanced in spite of the fact that the expense ought to be thought of. 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AP SOP Essay Sample Format

AP SOP Essay Sample FormatAP SOP Essay Sample is one of the most commonly used online courses in preparing for the AP exam. However, the format and structure of the AP SOP are different from the conventional AP Exam. It is necessary to understand the differences and what they will entail making the most out of your preparation.Written communication is one of the most important aspects of daily life. Students must prepare essays that they can use to express their thoughts and feelings. As such, they need to know the right format for this type of writing. Here are a few AP SOP Essay Sample formats to help you in your written essay preparation.The first format is to present a summary of your essay on a single page of text. In this style, you would write an overview of your argument and then tell what your essay is about. You can use a sentence that leads into the conclusion or an introduction to start your paper. Use the use of main ideas, sub-themes, supporting ideas, and secondary the mes to introduce the material of your essay. This is very similar to the AP Pre-Test essay, but the introduction is presented in a different manner.The second format is where you present all of your major arguments in a single paragraph. This type of writing is called a thesis statement. It is important to have an idea or conclusion on the last paragraph to tie everything together.The third format is a very brief description of what the writer thinks should be included in a paragraph. This style is less detailed than the introduction style and it is usually presented after the main points. This will be the end of your essay.The fourth format is the introduction. This is usually one paragraph that is really about one idea. The idea could be a comment on the topic of the paragraph or it could be a point of view from a different perspective. There should be a conclusion that ties everything together.The fifth format is a text block. This is a very brief introductory paragraph. It is no rmally not longer than one paragraph and its focus is to give information about the essay to the reader. A well-written text block will create interest for the reader. It will be easy to follow and you will be able to see where the main points of your essay fit in.The sixth format is the summary statement. This is a one-paragraph essay statement that tells what the writer thinks the main idea of the essay is. The summary is written to make the student aware of what they are reading and is also used as a guide to where to go from there.

The Center For Disease Control ( Cdc ) And The World...

Introduction: The Center for Disease Control (CDC) and the World Health Organization (WHO) note that when children participate in the recommended level of physical activity of at least 60 minutes per day multiple health benefits ensue. Nevertheless, since the creation of the No Child Left Behind Act of 2001 (NCLB) increasing focus has been dedicated to bridging the achievement gap between students and less emphasis has been placed on non-academic curriculum such as, physical education. Research has shown that approximately 3.8% of elementary schools provide formal physical education with this percentage steadily declining as children continue onto middle and high school. This decrease in physical activity is in line with reports from†¦show more content†¦Similarly, the National Association for Education of Young Children (NAEYC) stressed the importance of physical activity in cognitive development, refining motor skills and socialization among young children. While, research highligh ted the importance of physical activity and education it has been inconsistent in establishing a direct link between physical activity and academic performance. This analysis will investigate whether children who participate in physical activity are more likely to succeed academically. I hypothesize that children who participate in physical activity, on average, will perform better academically. Data: This analysis uses data from the Early Childhood Longitudinal Program Kindergarten Class of 2010-11 (ECLS-K: 2011) a study supported by the National Center for Education Statistics (NCES) that tracks children’s educational experiences and development as they progress along the school system. Although, the ECLS-K: 2011 provides comprehensive data about multiple aspects of a child’s educational experience only select data points (11,027 degrees of freedom) were used in this analysis and are summarized in table 1.1. The variables that comprise my analysis are: (1) number of days per week of exercise (day_weekYN), (2) participation in-group sports (P2GRPSPT) and (3) gain score for math and reading (gainmathreading). Furthermore, I omitted observations with missing values from my data set, 7,145 observations were dropped. My

North Korea versus China GDP - 2393 Words

In the geo-political world of 2014, there are two countries that stand in the forefront of Communist regimes. One would expect that with similar systems of governance, both countries would imitate, or begin to imitate, one another. The policies that deal with human rights, poverty, education, and hunger should be similar, if not the same. In the Western world where democracy is preached and practiced, the living standards and labor conditions are comparable. Just as the fatalities are low in the factories of Western Europe, they are just as low in America. Two countries with similar governments, on paper and in practice, should enforce similar policies. Ironically, two of the few Communist regimes in the world today could not be more†¦show more content†¦North Korea has a very short history as its own sovereign nation. Immediately after being released from the Chinese empire, the country experienced civil unrest until it fell under the reign of the Japanese empire. N orth Korea stayed under Japanese occupation until 1945 when Japan had to relinquish its land holdings as a punishment for World War II. As a result, the northern part of Korea—north of the 38th parallel—went to the Soviet Union and the southern part of Korea went to the United States. In 1948, the Soviet Union pulled out of North Korea, and two years later, North Korea invaded South Korea to start the Korean War. In 1953, an armistice was signed between North Korea and South Korea. Unfortunately, after the countries involved in the war started to settle back down, a number of factors caused the North Korean economy to take a turn for the worst. Among those many factors are the fall of the Soviet Union and the intense floods, but ultimately it was the culmination of faulty actions taken by a corrupt government that took the economy down. Instead of the focusing on the nutrition of its people, the North Korean government spent more time â€Å"strengthening† i ts military. Ironically, that military is, and was, basically starving as well. The topic of hunger and poverty in countries like North Korea matter because the people who have the most economic potential are being harmed the most. AllShow MoreRelatedThe Pros and Cons of Mncs in Chinese Market1253 Words   |  6 PagesI. THE REALLY OPERATIONAL SITUATIONS OF THE MULTINATIONAL COMPANY’S SUBSIDIARY IN CHINA THROUGH JOINT VENTURE WITH CHINESE COMPANY. 1 The concept : a. The multinational company: A  multinational company or Multinational corporation  (MNC),   multinational enterprise  (MNE)   is a  corporation  that is registered in more than one country or that has operations in more than one country. It is a large corporation which both produces and sells goods or services in various countriesRead MoreModernization and Nationalism in South Korea2312 Words   |  10 PagesIs it possible to preserve traditional Korean culture as South Korea continues to modernize and Westernize? In the 21st century, modernity is often equated with capitalism-industrialization, though the concept is more complex than that. The idea of modernity can be defined on sociological, political and cultural platforms. Modernity is a powerful notion, a departure from tradition; driven by political, social and economic developments. It is the acceptance that progress is inevitable. BecauseRead More1997 Asian Financial Crisis and Hyundai Motor Corp7119 Words   |  29 Pages 6 South Korean Macro Study: Economic Background: 7 Social Climate: 9 Political Condition: 10 China Macro Study: Overview: 12 China and the WTO: 13 Korean Foreign Direct Investments in China: 14 Current Chinese Automotive Industry: 15 China’s Automotive Industry Outlook: 16 Asian Financial Crisis: Summary: 17 Recovery:Read More1997 Asian Financial Crisis and Hyundai Motor Corp7129 Words   |  29 Pages 6 South Korean Macro Study: Economic Background: 7 Social Climate: 9 Political Condition: 10 China Macro Study: Overview: 12 China and the WTO: 13 Korean Foreign Direct Investments in China: 14 Current Chinese Automotive Industry: 15 China’s Automotive Industry Outlook: 16 Asian Financial Crisis: Summary: 17 Recovery:Read MoreStudent Essay2408 Words   |  10 Pages Case Synopsis AmorePacific, the leader in the Korean market for beauty products, was established in 1945 with a strong focus on researching and developing products based on Korean home remedies. 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(AfricaGoodNews.com) According to Techwireasia.com China is the biggest telephone market in the world. They boast over 1 billion mobile phone subscribers. However political factors have a huge influence on the market. The three biggest players in the market China Mobile, China Unicom and China Telecom are majority-owned by the Government. This can be a potential oportunity or threat. It can be an opportunity as long termRead MoreCountry Notebook Essay12249 Words   |  49 PagesI. Cultural Analysis I. Introduction This research paper will be an in-depth analysis of South Korea and understanding effect on market. The paper will cover descriptions of the country and the financial conditions which are relevant for conducting this research. Concluding the paper we will have a recommendation as to whether or not it will be advisable for a Medical Products, Inc. to engage in South Korean Market. Medical Products, Inc. (MPI) is a U.S. firm founded in 1998 by a smallRead MoreInvestment Entry Mode Strategy Of South Korea2479 Words   |  10 Pagesstart business in South Korea it would be a challenge but I believe it would be a great investment to consider. Our investment entry mode strategy will be a joint venture, which is â€Å"a contractual, strategic partnership between two or more separate business entries to pursue a business opportunity (Carpenter pp 241).† Partnering with the owner of The Shilla Hotel, Lee Byung-chul. The Shilla Hotel is listed top 5 luxury gateway hotels in Seoul, (the capital city of South Korea) and one of the top 500Read MoreThe United States : The World s Largest National Economy1939 Words   |  8 Pagesnational economy, representing 22% of nominal global GDP and 17% of global GDP. The United States GDP was estimated to be $17.914 trillion as of Q2 2015. The U.S. dollar is the currency most used in international transactions and is the world s foremost reserve currency. Several countries use it as their official currency, and in many others it is the de facto currency. The United States has a mixed economy and has maintained a stable overall GDP growth rate, a moderate unemployment rate, and high

Texas Should Adopt Drug Testing Policy For Welfare Recipients

This proposal points out how Texas should adopt drug testing policy for welfare recipients. We researched the state of Oklahoma, its efforts to improve its well-being, the decreased amount of welfare recipients received while increasing employment and the welfare program abilities. Texas is currently reopening this Bill and reconsidering this proposal for drug testing all welfare recipients. This will allow all of Texas welfare recipient’s access to different programs for personal improvement, job opportunists and economic growth. Annually, the state of Texas provides welfare assistance and benefits to more than 100,000 residents – a 90 million dollar program ultimately funded by taxpayer dollars. The application of drug testing is to better enforce the appropriate utilization of welfare assistance and is not to discriminate against any one group of people â€Å"suspected† using of drugs. The application of active and systematically applying drug testing to those persons receiving welfare assistance, more accurately ensures that welfare assistance benefits are not providing money for narcotics, and to prevent cases of child neglect. Senate Bill 11 would requires each applicant and/or recipient to be drug tested upon requesting Temporary Assistance for Needy Families (TANF). This would provide a constructive, two-way consequence in the form of: preventing taxpayer money from being used in a manner other than its’ intention in funding drug dealers, and helping current and/orShow MoreRelated People know what they do; they frequently know why they do what they do; but what they dont know is what what they do does.5185 Words   |  21 Pageselectronic mail can jeopardize both values. What privacy rights should employees enjoy, and how can these be reconciled with the legitimate need of organzations to control and manage their network? People have come to depend on email as a way to communicate, even actually creating less of a divide for families that live far away or even in another country. But there are quite a few ethical concerns that we, as a society, should begin to consider. The hardest part, as with most ethics, is definitionRead MoreHistory of Social Work18530 Words   |  75 Pages Compiled by S.Rengasamy-History of Social Welfare / Social Work Contents History of Social Welfare/ Social Work ..........................................................................................................................3 The need to understand history of social work .............................................................................................................3 Framework to understand History of Social Welfare / Social Work .................................Read MoreHuman Resources Management150900 Words   |  604 PagesCHAPTER 1 Changing Nature of Human Resource Management After you have read this chapter, you should be able to: ââ€"  Identify four major HR challenges currently facing organizations and managers. List and define each of the seven major categories of HR activities. Identify the three different roles of HR management. Discuss the three dimensions associated with HR management as a strategic business contributor. Explain why HR professionals and operating managers must view HR management as anRead MoreFundamentals of Hrm263904 Words   |  1056 Pageswritten permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc. 222 Rosewood Drive, Danvers, MA 01923, website www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley Sons, Inc., 111 River Street, Hoboken, NJ 07030-5774, (201)748-6011, fax (201)748-6008, website http://www.wiley.com/go/permissions. To order books or for customer service please, call 1-800-CALLRead MoreLogical Reasoning189930 Words   |  760 P agesorganization is sound and the author does a superior job of presenting the structure of arguments. David M. Adams, California State Polytechnic University These examples work quite well. Their diversity, literacy, ethnic sensitivity, and relevancy should attract readers. Stanley Baronett. Jr., University of Nevada Las Vegas Far too many authors of contemporary texts in informal logic – keeping an eye on the sorts of arguments found in books on formal logic – forget, or underplay, how much of Read MoreMarketing Mistakes and Successes175322 Words   |  702 Pageswritten permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc. 222 Rosewood Drive, Danvers, MA 01923, website www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley Sons, Inc., 111 River Street, Hoboken, NJ 07030-5774, (201)748-6011, fax (201)748-6008, website http://www.wiley.com/go/permissions. To order books or for customer service please, call 1-800-CALLRead MoreInternational Management67196 Words   |  269 Pagescurrent insights on the role of technology in global business and the increasing importance of corporate social responsibility and sustainability in global management. We have incorporated the latest research on the increasing pressure for MNCs to adopt more â€Å"green† management practices, including Chapter 3’s opening World of International Management which includes discussion of GE’s â€Å"ecomagination† initiative and a boxed feature in that chapter on the BP oil spill in the Gulf of Mexico. We have updatedRead MoreOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 Pagescolonies after 1870 as a predictable culmination of the long nineteenth century, which was ushered in by the industrial and political revolutions of the late 1700s. But at the same time, without serious attention to the processes and misguided policies that led to decades of agrarian and industrial depression from the late 1860s to the 1890s, as well as the social tensions and political rivalries that generated and were in turn fed by imperialist expansionism, one cannot begin to comprehend theRead MoreLibrary Management204752 Words   |  820 PagesLibrary and Information Center Management Recent Titles in Library and Information Science Text Series Library and Information Center Management, Sixth Edition Robert D. Stueart and Barbara B. Moran United States Government Information: Policies and Sources Peter Hernon, Harold C. Relyea, Robert E. Dugan, and Joan F. Cheverie Library Information Systems: From Library Automation to Distributed Information Access Solutions Thomas R. Kochtanek and Joseph R. Matthews The Complete Guide to AcquisitionsRead MoreMonsanto: Better Living Through Genetic Engineering96204 Words   |  385 Pagesa brief account. Before we start, a word about attitude – make it a real exercise. You have a set of historical facts; use a rigorous system to work out what strategies should be followed. All the cases are about real companies, and one of the entertaining bits of the analysis process is to compare what you have said they should do with what they really have done. So, it is best not to check the Internet to see current strategies until you have completed your analysis. What follows is one analytic al

An Embarrassing Moment Essay Example For Students

An Embarrassing Moment Essay My story goes all the way back to the ninth grade. I was happy, excited, and nervous. Ill always remember this day as an embarrassing yet funny memory. It was a regular Friday night at my church sometime in February. Before the service, I clearly remember watching the guys playing basketball. I was only looking at one person, Christopher Singh. All my other friends were playing spin the bottle, upstairs in the bedroom, but I chose to stay behind and watch the guys play basketball. After praise time, we had arts and crafts night. Our Pastor, announced that we would be making Valentine’s Day cards for the people we love. Once he said this, I thought, Maybe today was the day that I would reveal my crush on Christopher Singh! I thought long and hard, about what I was going to write in the love note. After thinking, I went to Christopher’s brother, Brandon. I asked him what Christopher’s favorite color was. Brandon said it was light blue. My heart fluttered, and my stomach did a somersault, since light blue was my favorite color too. Feeling extra confident, I grabbed a light blue pen and pink paper. I wrote down these words, â€Å"Dear Christopher, Happy Valentine’s Day! I love you. You make me smile! Love, Lisa. † After I wrote those words, I took all the pretty markers that I could find, and started decorating the card with hearts and other decorations. Then our Pastor announced that he was going to collect the cards. At that moment I didnt really know why he was collecting the cards, but I gave it to him anyways. Once he collected all of the cards, he brought out the stapler and started putting all the cards up. Once I realized what he was doing, my heart beat rapidly, and I freaked out! That card was only for Christopher to see. If Pastor Peter put it up, then everyone would be able to see it, and they would make fun of me. I quickly started brainstorming ideas on how I could get the card out of Pastor Peter’s hands. I then ran up to Pastor Peter and tried stalling, but he said he was too busy, and told me to talk to him later. I carefully watched Pastor Peter, as he read all the cards and then put them up. After millions of cards he finally lifted my card from the pile and started reading it. While he was reading, I noticed that he snickered and shook his head. I was confused why he snickered, because it was a serious and romantic note. After he put up all the cards, he announced that we could start reading everyones cards. I desperately searched for mine, and found that he put mine right above the dry erase board; the most noticeable place in the room. People started gathering around the card, and Christopher approach the card. The older boys started making fun of Christopher. He then turned around, looked me straight in the eyes, and said, â€Å"Lisa, why would you do that? That is so embarrassing. I dont even like you! † He then stormed out of the room. I just stood there. All my friends came up to me, and tried to comfort me. I remember I started bawling. I ripped the card down, and ran to the bathroom. After I calmed down, I went back into the gym, and waited for Christopher to apologize. From opposite sides of the court we made eye contact, and he gave me the angriest look ever. I then got mad. I marched up to him, threw the note at him, and said, Happy? I took the note down, meanie! † As I look back to that day, I realized that I had a lot of guts writing that card. I also had a lot of courage when I threw the note at him. Even though it was 1 year ago, Christopher and I still get made fun of because of that note. That card was my first heartbreak, but it was funny and embarrassing. I think that day was full of different emotions, but by far it is one of my cherished memories. Today, Christopher and I are good friends. We look back and laugh at that card, because in a way, it made our friendship stronger.

Online Banking and Online Purchases

Introduction Today the internet is largely used in facilitating many business transactions. The development in information technology has enabled the digitization of many operations and therefore, many transactions are conducted online. Among them are online shopping and online banking.Advertising We will write a custom report sample on Online Banking and Online Purchases specifically for you for only $16.05 $11/page Learn More This has led to the elimination of the need for human interaction in conducting service transactions. Although the internet has greatly enhanced business processes and made them more efficient, it has serious implications and cannot be fully trusted in conducting business transactions. This paper explores the social, ethical, cultural and legal implications of online banking and online shopping. Online Banking Online banking involves conducting of financial transactions by customers via the internet. This enables them to avoid the time-consuming and costly processes of interacting with tellers and conducting paper transactions. A customer opens an account that is managed online and can be accessed through a username and a password. The account holder can conduct all the normal banking transactions from home such as paying bills and money transfer, provided he/she has access to the internet (Tucci 2011). Many large companies are coming up with online banks mostly because they have low costs compared to traditional banks. This is because unlike traditional banks, online banks do not incur the costs of hiring tellers, renting premises, and the costs that arise as a result of the daily running of the bank. As a result of this, online banks may offer higher interest rates or free conducting of transactions such as checking the account balance, and such benefits may attract many customers. Online banking has various other benefits. It is convenient since the banking websites are available all the time, for 24 hour s each day, and conducting the transactions is very fast. The customers do not have to make long queues as they wait to conduct their transactions as in traditional banks. Instead, they just log into the account and perform the transactions quickly. Moreover, the online banks can be accessed from anywhere in the world. In addition, one website can be used to manage all the customers’ bank accounts (Tucci 2011). Nevertheless, online banking has several shortcomings. The customers must have ICT skills and it may take time to learn how to use the banking sites. In addition, these online banks do not have automated teller machines and withdrawing the money from the ATMs of other banks can cost a lot of money.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Moreover, when the internet is down, it is not possible to access the bank account. In addition, many people find it hard to trust o nline banking because of security and privacy concerns. People are afraid that they might lose their money to hackers who might get hold of the account details such as the username and the password. They are also concerned that their personal information may be recorded and used for other purposes (Fraser, Fraser and McDonald 2000). Online Shopping Online shopping is the purchase of goods or services via the internet. The customers mostly make payments through credit cards or debit cards. The goods or services are then delivered through shipping, downloading or printing out. The customers log into online shopping websites and view the pictures and read descriptions of the products. Once they identify the goods that they want to purchase, they order for them (Horrigan 2008). Online shopping has several advantages. Firstly, it is convenient since it can be done at any time and place, and all one needs is access to the internet. Traditional shopping requires one to travel long distance s to reach the shop and also the customers can only access the stores during business hours. Online shopping sites also provide all the details and features of the products or services and other information such as instructions for use and customer reviews. Therefore, the customer is able to make an informed choice for the product or service. Online shopping also allows customers to easily compare the prices and features of the goods or services from various stores and therefore choose the most suitable for them. They can also get to choose sites that offer certain benefits such as free shipping of goods (Haugtvedt, Machleit and Yalch 2005). However, online shopping has disadvantages. The consumers face the risk of fraud, getting faulty products or services and other security concerns such as identity theft and phishing, among others. Phishing involves the soliciting of personal information such as credit card information, username or password by a spam mail. In identity theft, an i ndividual steals another person’s personal information and uses it to buy goods or obtain credit. It is also not easy to differentiate between fraud websites and genuine ones. Fraud websites receive money and fail to deliver the products and may even disappear, and it is hard to track them. Most online shopping sites also do not disclose the total cost of the transaction including the cost of shipping, sales tax and duties, among others. Therefore, the customer is forced to pay additional costs which he/she knew nothing about. In online shopping, the customer does not get to see and test the product before purchasing it but relies on the pictures and description given on the website.Advertising We will write a custom report sample on Online Banking and Online Purchases specifically for you for only $16.05 $11/page Learn More Therefore, there is no guarantee of the quality of the product because the actual product may be different from the descrip tion given on the website. Another disadvantage of online shopping is that the merchants may use the personal information of the customers for other purposes like telemarketing. Therefore, customer privacy is not guaranteed (Fraser, Fraser and McDonald 2000). Implications of Online Transactions Online transactions have become very popular with customers and a lot of money is transferred every day through the internet. As money is transferred, there are many swindlers hanging around trying to get an opportunity to steal it. Both online banking and online shopping involve conducting of transactions via the internet. Despite the numerous benefits of online transactions, they cannot be fully trusted. The greatest concern for the consumers is online transaction security. Online transactions encourage the use of credit cards to make payments. The customers are not comfortable releasing sensitive information such as credit card details on the internet. Their concerns are justified since in ternet crime is on the rise and without proper security measures, they can lose their money. Customers can ensure the security of their transactions through using passwords that combine both small and capital letters, numbers and symbols, and also changing the passwords regularly to make it difficult for hackers to decipher them. Consumers should also ensure that they use secure websites to transact their businesses. However, even with these precautions, online transactions cannot be fully trusted as the hackers are always devising new ways to access the private information of customers (Bradley 2006). Online shopping and online banking have various legal, ethical, social and cultural implications. Online banking services are governed by the Electronic Funds Transfer Act of 1978 in order to protect online bankers. One of the legal challenges of electronic transactions is determining their validity. One cannot be absolutely sure that the electronic signatures are reliable. Moreover, some websites do not make the terms and conditions of the transaction known to the users and therefore, they enter into an agreement without full knowledge about the risks involved and whether the website is in compliance with the current law (Caudill and Murphy 2000).Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Consumer privacy right is a legal requirement that should be respected. During online transactions, customers are required to give their personal information and are concerned about the security and privacy of such information. Purchasing products using credit cards can avail personal information to telemarketers, market researchers and direct-mail companies, therefore leading to the invasion of privacy. Customers should be made to understand the privacy procedures and policies in place to ensure that their personal information is not disclosed to unauthorized parties or used for other purposes. Some traders use the customers’ personal information for telemarketing or sell it to other agencies. The Data Protection Act of 1998 ensures that the personal information of customers is kept secure (Chung 2007). There are also ethical issues that arise in the conduct of online transactions. Though online transactions are convenient and fast, the internet has created an environment fo r the advancement of unethical behaviour. The ethical implications of online banking and online shopping include the privacy of consumer information, the reliability of the transactions, and security. Information that is sent over the internet passes through very many computer systems and these computers may monitor, capture, and store such information. The activities of online shoppers can be monitored without their knowledge or consent. When online shoppers register for the purchase of certain products or services, their identities and personal information can be captured and used for other purposes. It is unethical for the personal information of customers to be used for other purposes or divulged to other parties (Sembok 2003). Commercial sites can get information that consumers give to a shopping site and use it to market their products and services. These companies then start sending emails to the consumers without their consent. Internet cookies also gather customer informati on secretly. Cookies are files that identify the web browser software of the user and tracks down his/ her visits to that site. Marketers are also using Web bugs to monitor the online activities of users. This is absolutely unethical (Nardal and Sahin 2011). Another ethical concern is reliability of the online transactions. Deceptive practices such as fraud are unethical and reduce the customers’ trust in online shopping and banking. Consumers are also concerned about the security of the transactions. They need to know that their payments are safe and that their banking information is not stolen, leaked or given to any other party (Caudill and Murphy 2000). Online shopping and online banking also have social implications. Conducting transactions online has greatly changed the social behaviour of consumers as people can do it in the comfort of their homes. Therefore, people no longer go out as often as they used to. Consequently, they do not get to interact with others. Face-t o-face communication has reduced and people communicate through the internet. Online shopping can also lead to buying addictions, impulse buying, and compulsive buying. Impulse buying is purchasing products that were unplanned for. Compulsive buying takes over the lives of the shoppers and preoccupies them completely. Online shopping is only a click away and therefore people may be unable to control their shopping habits. With the access to the internet to almost everyone for 24hours each day, these habits can develop and cause problems like overspending, bankruptcy, and broken families (LaRose 2001). Online banking and online purchasing also have cultural implications. They have changed people’s way of life. Most transactions can now be conducted online without having to visit banks or shopping malls. Individuals’ lives have been made easier and more convenient due to the development in information technology. However, people are spending a lot of time accessing the i nternet. Physical interactions have reduced and people mostly relate over the internet (Chung 2007). Conclusion From the above discussion, it is evident that the development in information technology has had a significant impact on the business processes of many organizations. Many operations have been digitized and banking and shopping can be done online. However, online transactions have many shortcomings and cannot be trusted. Therefore, even though information technology has helped to streamline most business operations and made them more effective, the risks that come with it are too many and cannot be ignored. The traditional way of conducting transactions is more reliable and customers need to be extremely cautious when conducting online transactions. Consumers need to weigh both the benefits and risks involved before conducting online transactions. Reference List Bradley, T., 2006. Essential Computer Security: Everyone’s Guide to E-Mail, Internet, And Wireless Securit y. New York, Syngress. Caudill, E. M. and Murphy, P. E., 2000. Consumer Online Privacy: Legal and Ethical Issues. Journal of Public Policy and Marketing. Vol.19, No. 1. Chung, I., 2007. Roles and Impacts of IT on new Social Norms, Ethical Values and Legal Frameworks in Shaping a Future Digital Society. Web. Fraser, J., Fraser, N. and McDonald, F., 2000. The Strategic Challenge of Electronic Commerce. Supply Chain Management: An International Journal, Vol. 5, No.1, pp.7-14. Haugtvedt, C.P., Machleit, K.A. and Yalch, R., 2005. Online Consumer Psychology: Understanding and Influencing Consumer Behaviour in the Virtual World. USA, Routledge. Horrigan, J. B., 2008. Online Shopping: Convenient But Risky. Web. LaRose, R., 2001. On The Negative Effects of E-Commerce: A Socio-Cognitive Exploration of Unregulated On-Line Buying. Web. Nardal, S. and Sahin, A., 2011. Ethical Issues in E-Commerce on the Basis Of Online Retailing. Journal of Social Sciences. Vol. 7 No. 2, pp. 190-198. Sembok, T. M., 2003. Ethics of Information Communication Technology (ICT). Web. Tucci, P.A., 2011. The Handy Personal Finance Answer Book. USA, Visible Ink Press. This report on Online Banking and Online Purchases was written and submitted by user Noelle Miranda to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.