Chapter 0, Problem 14SI

Explanation of Solution

“Yes”, the society has become too dependent on computer applications for commerce, communications, or social interactions.

The Internet has dramatically revolutionized the way we live, interact and do business. From the basic to the most complex, many facets of economic and social activity are now affected by the Internet and computers.

The technology that began as a simple network connecting a handful of universities in the

1960s has grown massively to become a fundamental and integral part of our social and economic lives. Much like electricity, the Internet is also considered a general-purpose technology.

Impact of internet and cellular interruption on Ecommerce:

The cornerstone of the e-commerce industry is reliable Internet at both ends: demand and supply. Ecommerce and banking system would suffer a lot to interruptions in internet and mobile services

Online delivery, distribution services, supply chain management would come to a halt with blackout of internet services.

Since most of the business is Internet based like that of Amazon the impact is naturally more severe as a significant part of their revenue stream is generated online. An e-commerce is likely to come to a halt creating huge demand and loss of supplies.

It would be hard for the things to buy and sell reach due to failure of internet and mobile services.

Impact of internet and cellular interruption on Banking:

The banking system relies on the Internet for financial transactions and e-mail is a primary means of communication...