Will technology spark the next economic crisis?

In previous decades it was the stock market crisis that brought the economy to its knees. More recently we had the sub prime mortgage doing the same to the economy. It may well be the technology in the next two decades that could spur a recession.
The social media space, internet, digitisation, virtual conferences and many more innovations are spreading at a breakneck pace. We are so smitten by latest applications that its uptake seems almost reckless. We are just as hopelessly enthusiastic as we were when there was first the widespread opportunity of dealing in stocks and shares and later on with irresistible lines credit for housing from banks.
While individuals like innovation there seems to be some caution regarding allowing "technology democracy" within companies as the research by Economist Intelligence Unit suggests. The fear is that too much of technology freedom will descend into chaos. And experts acknowledge these risks and advice companies to adopt measures for preventing the chaos.
But web stands for integrating everything. What is professional can be deemed personal and vice-versa in the social networking space. Human resource professionals are vetting people after browsing through their digital personality, professionals are finding business sensitive information on Twitter pages and journalists can find scoops and leads from inadvertent comments and feedbacks on the social media websites.
The technology stocks are going bullish and each day, the companies are unveiling massive plans of digitisation and launching online solutions, video-on-demand, state of art file-sharing, personal communication devices and applications that will empower you with real-time information updates.
While web-conferencing helps us cut our carbon footprint and mobile devices are useful to "connect on the move", too much technology dependence not just means greater information sharing, it also reassures technology providers into supplying us with the services to cater to our demands. We don't seem to give a moment's thought to the possibility of a shocking revelation of some technology gone terribly wrong. What would happen if we were told one Monday morning that all the information on Google's cloud has been corrupted or stolen?
by Archana Venkatraman