We live in the age of information
- High speed mobile data democratizes access to information and digital services – thus reducing socio-economic inequality
- The more competitive a country’s telecom industry, the cheaper the price of high speed mobile data in that country
Why it’s hot: Governments must do all they can to ease access to information and digital services as one of the means to reduce socio-economic inequality.
Google News will start to display hyperlocal events and localized community updates from bloggers to help people stay in the loop of what’s happening in their backyard.
To help people get information about their own communities, Google uses machine learning techniques to source information from hyperlocal bloggers and high school newspapers.
Why it’s hot: Google Community Updates could be a useful communications medium for products/services that need to be targeted on a hyperlocal level, e.g. telecom services, Small Businesses and their desire to be deeply rooted in their communities because the health of their businesses depend on it.
SpaceX recently announced plans to provide broadband Internet service through a global network of about 4,000 micro-satellites starting within five years. The private spaceflight company also revealed that it has raised $1 billion in funding from Google and Fidelity to help make those plans a reality. Elon Musk’s vision is simple, “Our focus is on creating a global communications system that would be larger than anything that has been talked about to date.”
Why It’s Hot:
As telecom companies try to hang on for control of the pipes more and more tech companies see opportunity in challenging the networks that currently exist. These new challengers no longer see their business within country borders but entire continents that are in need of internet access with no answers in site. The next few years will be interesting to see how we will access the information that we are becoming more and more dependent on in our daily lives.