The quaternary sector is defined as the various economic activities based on the knowledge economy or on the different intellectual tasks, where all the works related to the ability to interpret, create, direct, organize and facilitate the corresponding knowledge through technical knowledge and scientific.
It is based on activities that do things through ideas. The quaternary sector refers to an economy that includes knowledge and organization. In the same way, it is a way of giving value to society through technology and the inspiration of the human being.
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When viewed from the financial point of view, this sector is also part of the tertiary sector, since the economic activities that make up the quaternary sector in the same way belong to the activities tertiary.
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In this article you will find:
Characteristics of the quaternary sector
The main characteristics of the quaternary sector They are:
- It promotes the development and expansion of companies in the future.
- Execute actions and activities that cannot be mechanized.
- It contains intellectual services for research, innovation, information and development, as well as basic applied research.
- Sometimes it is a sector considered as part of the tertiary sector.
- It has services for the proportion and exchange of information, education and technology.
- It carries out activities that are linked to the intangible value of information, covering the process, distribution and application in any part of the three production sectors.
- It gives the tertiary sector the opportunity to offer its different products and to achieve higher profitability by improving its production processes.
- It focuses on obtaining information and applying it in order to acquire better products, services or innovation processes.
Quaternary sector activities
Between the quaternary sector activities more important, the following can be highlighted:
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Financial planning
It is the procedure that companies and individuals follow, in order to specify the way in which their capital is managed to achieve the established objectives. All financial planning has the following stages:
- Implement the objectives in order of priority from a financial point of view.
- Set the deadlines that are necessary to achieve the objectives.
- Create a budget where the entry of capital is indicated that allows to achieve the objectives.
- Optimize the measurement of decision making.
Scientific investigation
It is the activity that is in charge of solving any doubt or difficulty of a scientific nature and thus acquiring the Adequate knowledge, therefore, are activities that start from the knowledge of the scientific method, which comes from the phases following:
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- Statement of doubt or difficulty.
- Research on the required information.
- Formulate a hypothesis.
- Carry out experiments that validate the hypothesis.
Technology of the information and communication
Technologies are known as those that provide access, treatment, communication and production of information that is presented in various codes such as texts, sounds and images. Its fundamental element is the Internet and the resources where the computer is the main one. Technologies comprise two types of resources that are:
- Telematics: They are those that give access to information and communication offered by the Internet.
- IT: They are those that allow to treat and process the information.
Computer resources include applications that are programs that are used without access to the Internet being necessary. On the other hand, resources such as telematics if they need to use the Internet, some of them are:
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- Video conferencing and audio conferencing: Are the conversations accompanied by images or not in real time.
- Distribution lists: These are lists of individuals who have interests in common, where you can send messages directly to the email of the general list.
- Telnet: Conceives access from the personal computer to the resources of a remote computer, where the personal computer is a terminal of the remote computer.
- Newsgroups or discussion forums: In them you can make comments and transmit news to the rest of the users who follow up and where they can contribute their opinions and leave their comments.
- Chats: Refers to all conversations that are made in writing in real time.
- Email: It is the exchange of messages sent by users who have email accounts.
Business consulting
Refers to advisory services offered by individual companies or consultants. The processes of these consulting services contain the following phases:
- Carrying out a preliminary diagnosis, during the contact process with the client and in this way have knowledge of your business, for this it is necessary to carry out some activities and sign the contract.
- Examine in detail the possible problems.
- Create actions and set execution dates to propose them to clients.
- Follow up and final evaluation of the consultant's activity.
Advantages and disadvantages of the quaternary sector
The quaternary sector of companies and technology comprises a series of advantages and disadvantages such as the following:
Advantage
- You can create trustworthy and real looks for people.
- Through this sector you can carry out the purchase or the creation of a business from the comfort of your home computer.
- It is a sector with high economic performance.
- Today it is a source of great use by people thanks to the Internet.
Disadvantages
- You can get to duplicate the information by other means and place it as wrong.
- It is offered in black market businesses.
- It tends to be dangerous, since it can hack into important information and then be used, which could be harmful.
Importance of the quaternary sector
The definition of the quaternary sector it is very important for society, since it allows to provide learning conditions that help optimize knowledge and development in different sectors of the economy. In addition, it has the ability to generate innovations that manage to increase production and expand it globally.
