Thank your lucky stars for technology

Many people herald the internet as one of the most life-changing inventions of the past couple of decades and it has certainly made life that little bit easier for the majority.

p/>But did you know that the fundamental ideas behind the internet have been around for nearly 50 years? Online DIPs, AIPs and binding decisions may now be taken for granted but it all started in 1957 when the Soviet Union launched Sputnik 1, the first satellite, beating the United States into space.

The powers behind the American military at the time became alarmed as this meant that Russia could theoretically launch bombs into space, then drop them anywhere on earth.

The US retaliated with the creation of the Defence Advanced Research Projects Agency to jump start research in technology and find safeguards against a space-based missile attack.

Joseph Licklider was appointed to head the new Information Processing Techniques Office and it was he who envisaged the potential benefits of a countrywide communications network. So it was that in 1969 the first internet communication between the University of California in Los Angeles and the Stanford Research Institute took place.

Today, those who work in offices probably take the convenience of email for granted and don’t fully appreciate the usefulness of being able to browse the web for anything their heart desires.

But brokers are likely to be glad of the strides technology has taken in the past few years. Online sourcing systems allow intermediaries to have all the latest information regarding products and rates at their fingertips and save them from having to make endless telephone calls. Technology has made life easier for consumers and intermediaries and should be seen as a valuable asset and not a threat to business.

Intermediaries who operated in the market before the advent of online sourcing systems and applications will join with consumers in saying amen to that.