by George Leard

Created on: June 01, 2010   Last Updated: June 02, 2010

What are Technological Risks, and how they impact on society today?

 Introduction

Technology is the application of science, engineering, and industrial organizations, to create a human world, and in the process implement it to producer advantages that can advance society. (Rhodes, 1988) Technological risk on the other hand is the exposure to loss from activities such as designs, and engineering, manufacturing, technological processes and test procedures. (

www.businessdirect.com, 05/23/10)

 The probability of dreadful outcomes such as fire, explosions, sabotage, leakages, malfunctioning of equipment, poor technical input, and other maneuverings, are always ever present once technology is at work, especially when there are personnel with low levels of competence are at the wheel. This is irrespective of whether the operations are local, international or global.

 E-Mail Sharing

 The simple sharing of e-mail addresses, between persons working in highly sensitive areas with other outside parties, can present technological risk, in that there can be a tremendous back up of spam, and the filling up of the inbox with junk mails. The times taken to clear them are invaluable for production. The openings, also pave the way for malicious persons to release deadly viruses into computer systems and cause even the valuable loss of intellectual assets, which may never be recovered. In addition to this, there is the compromising of the integrity of the security of the system, and an attendant increase in the cost of IT support services. (www.businessdiretory.com, 05/23/10)

 Unauthorized Changes

 Technological risk is also possible, when there are unauthorized changes made to the PC hardware of any computerized operations, because such moves may temporarily extend the lives of the equipment in a specific area, but may cause greater overall damage to the tune of millions of dollars in the long run. The hindrance to producing quality products and services, the reduction in profitability and returns of investments, as well as the future survival of the affected companies , are also potent possibilities, when actions of this nature takes place.

 Non consolidation of multi-users

  Systems changes involving the use multiple users in areas to improve efficiency, without consolidation, can cause technological risk to the rest of operations, as load demands may render the system incapable of delivering the quantity of outputs required at peak

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