Your assignment is to prepare and submit a paper on the broader impact of dsp in a global economic and social context. As a result, digital signal processing has been seen to have a significant impact on the social, economic and global lives in our society today. Digital signal processing converts analogue signals to a digital signal and by doing this signals can be extracted and later modified to meaningful and relevant information through the digital signal.

In the pioneer ages, digital signal processing was only used in computers and by that application of the technology was only limited in some key areas, like for instance radar and sonar where national security was seen to be at risk this is because of the international threats that were happening due to international tension. The other area is oil expiration, in this area, it has been seen that there is a very large amount of revenue that could be mad, oil sector industry is a very profitable industry that is capable of raising the economic level of a nation. Space exploration is another sector that digital signal processing was adopted this is because of the importance of data that are received which are of an irreplaceable nature. The final area of involvement in digital signal processing was medical imaging, where it could play a vital role in the treatment and saving of lives.

Digital signal processing has had a great impact in our lives especially economically, the recent technological advances have lead entrepreneurs and investors to spend a lot of money on technology. Innovations in technology have led to many firms competing with each other to develop the most sophisticated technological devices so as to outsmart its competitors and also gain the largest market share in the industry. Advances in computing, data storage and data transmit ion have enabled firms to reduce costs, create a new market, expand the existing market and create employment in the nation. (44)

Companies and organizations have moved quickly to grab these newfound opportunities and as a result, firms are spending billions on their enterprise system. Firms are developing sophisticated software and hardware packages that integrate ordering, procurement, inventory, finance and human resources in their companies.&nbsp.