The
pursuit of wealth is as old as human history and its creation throughout the
human civilization has evolved gradually from agricultural expansion,
industrial revolution to the current information technology era driven mostly
by sophisticated information systems built from software. Given that wealth is
the abundance of valuable resources or material possessions, or the control of
such assets and software being a general term for the various kinds of programs
used to operate computers and related devices. What are the contributions and impacts of
software to the creation wealth?
Wealth creation means collecting some
available resources in a strategic manner in order to generate surplus earnings
usually over a long period of time. The surplus earning is what is referred to
as wealth and it is used to acquire more resources to become more productive. But
initially we have to start from nothing to something, by transforming our
assets to more a valuable ones that other may need or want. Therefore the people or the entity pretending
to generate wealth must have the knowledge, skill or techniques, as well as
facilities and dedicated environments. Among
this category of people figure programmers, able develop useful programs from a
simple set of machine-readable instructions that directs a computer’s processor
to perform specific operations.
The extensive usage of these programs
called software nowadays is quickly placing them as a potential and unshakable
factor for promoting development and production. However software need to be
deployed effectively by giving adequate infrastructure, convenient policies and
expertly skilled people who can use it
to find innovative ways of meeting customers’ needs and wants, and so leading
to individuals or organizations creating wealth. When we look at history, it clearly
appears that most people who got rich by creating wealth did it by developing
new technology, e.g.: Microsoft, Oracle, IBM.
In the same ways as presented in
[1], even though money is not wealth, at the individual level "Wealth
creation is a desire to be rich, desire to have control over the aspects that
affect financial life, a desire to command respect with the control of money
power. Wealth creation is not material, it is spiritual by nature with the
ability to produce or manifest material wealth. Globalisation, outsourcing and
world flattening advances in technology continue to rock the software industry
in ways that will significantly alter the way technologists do business." The software industry through offshoring,
outsourcing and job migrations is also dragging many concerns regarding the
future of computing related careers.
By positioning itself as the
leading factor for wealth creation, software through information technology is
bringing tremendous, diversified changes and consequences to our life style and
daily lives, and there is a need for a sustainable and precautious utilization.
Reference:
[1] S. Kalaiselvi, Financial Performance in Software Industry, p.276
