Information service technology is easily bringing changes within the corporate world. The impact of the technology can be traced to the ease of use as well as flexibility in that the technologies can be tailored to suit needs. The blockchain technology pops up as one of the technologies that have rapidly changed the corporate world ( Ezziyyani, Bahaj & Khoukhi, 2018) . The technology which allows distribution of digital information without copying such information has enabled economic transactions to be made digitally. The blockchain technology has a positive impact on the finance and real estate industries in that ledgers can be maintained accurately since the technology is transparent and incorruptible. Additionally, the technology is useful in managing supply chains and information systems given that it does not have a single point of failure making it durable as well as reliable. Adopting the blockchain technology works to improve efficiency giving a competitive advantage to the entities using such technology.
Self-driving vehicles offer another technological advantage that has a lasting influence on industries such as restaurants and insurance. The most notable impact is the reduced cost of doing business for the restaurants that will see them make deliveries at relatively lower prices thus increasing convenience for customers ( Ezziyyani et al., 2018) . On the other hand, insurance companies will have to fight with reduced business given that self-driving vehicles will reduce accidents since studies have shown them to be safer than human-driven vehicles. The driverless cars will significantly impact the media and entertainment industry since passengers will be able to listen to music, watch videos and play games in the cars. As such stakeholders in the entertainment scene ought to work hand in hand with the automotive stakeholders to gain a competitive advantage.
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Wearable devices as modern technology are being used in the tourism industry where travel agents are using the technology as a means of providing an immersive view of travel destinations ( Delabrida, 2017) . The fitting of wearable devices on athletes can be used to trace movements and speed allowing sporting professionals to compete better. Additionally, the health sector can positively use wearable devices to evaluate better and monitor client behavior thus improving care.
References
Delabrida, S. S. (2017). Examining Developments and Applications of Wearable Devices in Modern Society . IGI Global.
Ezziyyani, M., Bahaj, M., & Khoukhi, F. (2018). Advanced Information Technology, Services, and Systems: Proceedings of the International Conference on Advanced Information Technology, Services and Systems (AIT2S-17) Held on April 14/15, 2017 in Tangier .
