The Technology Impact on Economic Development

Transcription

1 The Technology Impact on Economic Development How technology trends, innovation and globalization will affect traditional economic development agency business models

2 The BIG technology trends Ubiquitous mobile connectivity Internet of things Virtualization, business in the cloud Big data, analytics Clustering of technology skills, talent Collaborative creation and consumption Creating a new industrial revolution

3 Merger of physical and virtual worlds These trends enabling merger of physical world with virtual world In business and social world, this is already changing the landscape Examples London 2012, the Digital Olympics USA presidential election, social media profiling

4 Mobile and internet penetration Mobile subscriptions worldwide 6.8 billion Internet used by 2.7 billion people Mobile broadband subscriptions over 2 bn 1.5billion smartphone subscribers Tablet shipments now more than PC shipments (50 million in Q4 2012) Demonstrates that the world is increasingly using mobile and mobile internet

5 Everyone is talking IoT

6 Impact of IoT everything will be connected Source: CMSwire

7 Socio-economic benefits of IoT Source: GSMA

8 In the future, everything will be connected to everything else IoT enabled by machine-to-machine connections (M2M) Allows devices to talk to each other Could be 50 billion M2M connections by 2020 By 2022, Europe and Asia Pacific will be biggest regions for M2M connections The growth in connected devices over the next few years will fundamentally change the way we live and work Machina Research

9 Virtualization, online collaboration tools

10 Big Data the new buzz word

11 Big Data: features and drivers Source:

12 Example of use of cloud, big data, mobile: USA 2012 election Cloud used to link field offices to state and national offices Campaign management applications deployed rapidly by renting cloud space Cloud stored searchable campaign intelligence, candidate documents, speeches, videos Big data profiles of voters created so that they could be effectively motivated to vote Mobile apps used by candidates as well as news channels Social media used to influence votes and drive donations

13 Businesses are now looking to internationalize Current economic downturn has forced business to look to international markets Effective cross-border communication and collaboration becoming critical to financial success Cross border communications and collaboration improves profitability, revenue and market share

14 Startups and clusters will be less regional Because of global mobile connectivity, high growth startups will be less dependent on just regional resources and talent Distributed model will be more commonplace: HQ in one place, development in another, output or production in a third, marketing in several others This has already been common in the hightech sector since the 1990s But now that trend will grow across many different sectors

15 Location will become irrelevant and global clusters may form Specific talent skills may be pooled together in different regions, and be connected via virtual connections No longer relies on geographic co-locations For example, digital games development talent found in England and Canada collaborate as a sectoral cluster; technology (virtual working) allows the two talent pools to effectively collaaborate The IoT concept can be applied to clusters, and multiple clusters around the world could be connected and appear to operate as if they are coming from a single place This is possible because 75% of world population will have access to the internet by 2015 Location therefore becomes irrelevant

16 Economic development 21.0 therefore depends on technology Many western economies focused on cutting spending Want to get more from less more innovation, less money to spend The use of technology helps serve this agenda Becomes a win-win scenario for government and business Changes the agenda for economic development agencies: how can technology enhance their role for local economic growth and prosperity in a new global world order?

17 The Next Silicon Valley focused on innovation Website focused exclusively on information about global technologybased innovation

18 Why The Next Silicon Valley? Innovation becoming the global buzzword Silicon Valley = regional wealth creation driven by innovation and technology Cities/regions attempting to emulate the Silicon Valley of California, USA We look at these regional clusters and their relationships with academia, entrepreneurs Plus inter-related funding & business development

19 Our mission To create a vital resource for regional innovation-based trade and commerce centers around the world

20 Focused content Science and technology parks, industry clusters Education and research Alliances between regional businesses and technology entrepreneurs Local success stories, local/regional startups Venture capital, Angel investors Public-private partnerships Risks/rewards for new and developing regional centers of innovation

21 Who reads it? Global innovators/entrepreneurs Global business looking for location information Venture capitalists, Angel investors Invest-in agencies Technology institutes, science parks Universities, R&D centres Startup hubs, accelerators

22 The team Nitin Dahad CEO & Publisher Richard Wallace Publishing Director & Editor Over 28 years in global tech sector Entrepreneur, journalist, publisher Successfully took microprocessor start-up ARC to Silicon Valley and IPO Industry experience: National Semiconductor, Marconi Instruments, GEC Over 30 years in publishing in the global electronics industry Formerly Editorial Director of CMP Media (now UBM) electronics group Deep understanding of global technology and innovation companies and clusters Plessey Semiconductor Editorships of Silicon Design, Electronic Design Europe, Communications Engineer

23 The Next Silicon Valley Media Ltd. Tel: UK +44 (0) , USA