mobile-work

The tech of the future

Thanks to technological development, improvement of semiconductors, carbon nanotubes, graphenes, cellular networks, and 5G technology, wireless communication dominates our environment.

The world in which we live continues to constantly change. Naturally we assume that amendment without pause continues to accelerate. The digitalization process is leading to the digitilization of industries. The digital world as we know it today will seem somewhat rudimentary in a decade. Consider the network as it was a decade ago, remember the gadgets we used to communicate with, their appearances, their speed, their abilities.

obsolete gadget

Thanks to technological development, improvement of semiconductors, carbon nanotubes, graphenes, cellular networks, 5G technology, wireless communication dominates our environment.

It becomes increasingly difficult to differenciate between artificial and natural intelligence. Automation of cars, boats and aircrafts and the emergence of  business models based on a less conservative and riskier concept as startups. The immediate world will be plagued with cars and homes that meet our desires, appliances think for themselves.

future-android

We already know that there will be a day when Africa will be completely connected digitally.  And what will all this cost? The cost of connectivity itself is declining, and assistive devices such as smartphones and tablets are becoming less expensive, more powerful and more pervasive.

These developments seem advantagious for the telecommunication industry that was beginning to have serious difficulties to understand their role in a world where easy communication  was ‘almost free’ and connectivity services or distribution of communication platforms were no longer factual monopolies.

smartwatch

Companies expected to get much more benefits by offering the ability to monetize the additional traffic that is beginning to move but has not. So large telecom corporations have focused on user experience rather than direct consumption by developing a variety of services. These new services have usually party agreements and collaborations with other companies.

AT&T is working with IBM on a program of smarter cities, Telefónica offers its services IoT called Thinking Things that allows to develop programs that adjust  climate and lighting in rooms, offices and buildings. There is more: Companies like Nespresso, Coca -Cola and Orange have launched a combined system in M2M, communication between objects, for example: The German Deutsche Telekom is supporting the digitization of manufacturing processes with an initiative called ‘ Industrie 4.0’.

Bharti Airtel is investigating with the State Bank of India mobile banking applications for people who cannot access a local branch. Providing these and other services are slowly replacing outdated business models and help adapt to the future. This process can be extrapolated to all types of businesses and industries. Communication, media, education, professional services etc. Many are designing models of collaborations between seperate companies from very different fields to provide joint services instead of creating costly inhouse departments that turn out to be unprofitable.

 

 

 

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The Worldfolio provides intelligence about the economies with the highest growth potential in the world, with a focus on understanding them from within.

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