Due to the advancement in modern telecommunication, the Globe has shrunk we can contact anyone in the world very quickly, it is so easy to contact persons from one country to another.
Communication has become very economical as compared to what it was a few years ago.
Modern telecommunication has introduced video conferencing etc which leads to huge saving for the corporates in their travel budget.
Internet has been a huge boon, it is a treasure trove of information. One can find anything and everything on the net.
Airline bookings have become cheaper and easy to get due to the internet.
Information flow for any activity has become so much simpler.
The mobile phone is such a boon to business, one is accessible at any time of the day and night.
The disadvantages are that people are living in the virtual world, no one wants to come and meet anybody everyone wants to talk on phone or send messages.
People have become lazy since everything is available so easily on the net, one does not have to strive to get any information, everything is available at a drop of a hat.