Impacts of New Technologies on Financial Lives

Running head: Research proposal 1
Exploring the impacts of new technologies on individual financial lives and the society
Name of Student
Name of Institution
Name of Course
Date of Submission

Research proposal 2
Contents
Introduction 3
Research Objectives - 4
RATIONALE 4
Literature review 5
Research Methodology 7
Limitations and Ethical Consideration - 11
Research Schedule and timeframes 11
Gantt chart - Project proposal schedule 12
References - 14

Research proposal 3
Introduction
The emergence of technology has led to changes in the modes of operation in various sectors in
the field of management. The use of computers and the availability of internet has not only made
it easier for managers to execute their responsibilities with precision, it has also given the
consumers an upper hand when it comes to making choices on the products and services that
adequately fit their needs. New technologies for instances mobile banking, e-Commerce and
internet marketing have had a direct impact on the financial lives of individuals. For instance, the
incorporation of technology into the fraternity of financial management has since made it
possible for people to make transactions right in the comfort of their homes without having to
physically access banking halls and ATM machines. Consequently, there is a notable relationship
between technology and a drift in trends with respect to the financial lives of individuals and the
society as a whole. This research shall therefore explore both the positive and negative impacts
of new technologies on the financial lives of individuals and the society.
Research questions
This research shall be aimed at answering the following questions
What are some of the emerging technologies in the corporate arena?
What are the positive impacts of new technologies on the financial well being of individuals and
the society?
What are the setbacks of new technologies in relation to individual and societal financial lives?

Research proposal 4
Hypothesis
This research shall be guided by the following hypothesis
There is a direct correlation between the emergence of new technologies and a change in trends
in the financial cycles.
Research Aim
A lot of debate has since rented the corporate world on whether or not the emergence of new a
technology has been accompanied with development. On one hand, the incorporation of
technology into financial operations has been noted a welcome idea as it has made transactions
more convenient, faster and easier. On the other hand, the use of technology in the area of
personal finance has made some consumers vulnerable especially due to the rise of cyber crime.
It would therefore be important to deduce a common ground on the topic. As a result, the aim of
this research is to study the impacts of new technologies on the financial lives of individuals. The
final outcome of this procedure would be crucial in guiding users towards mature and proper
financial decisions.
Research objectives
The following are the core objectives of this research:
 To use both qualitative and quantitative approaches of data collection to identify the new
technologies that are commonly used in financial management
 To identify the positive and negative impacts of these technologies on the financial lives
of individuals and the society as a whole
 To make tacit conclusions which can guide individuals in future to make more informed
financial decisions