Blockchain is currently being hailed as revolutionary as the invention of the internet, and the heavyweights in the finance and business sectors are already investing millions into its development. But for many, blockchain remains a complete mystery.
Africa has been the focus of global development efforts for the past few decades. Poverty and infant mortality rates are generally high and the continent is poorly equipped to combat the spread of disease, as the Ebola outbreak in 2014 showed. However, to some extent, the efforts have been successful; children’s participation in education has increased, gender inequality has decreased and the prevalence of HIV/AIDs has also declined. Africa is still a work in progress, and many experts believe that digital technology can act as the catalyst for change.
In 1989, Tim Berners-Lee created the world wide web; an invention that was hailed as revolutionary and a catalyst for a whole new era of technological development – the rest is history. Society is now in many ways completely reliant on the internet, and its impact affects the world in virtually every aspect of peoples’ lives. Yet despite the seemingly unmatchable change that the world wide web has brought, similar revolutionary claims are being made once again today.
The kaleidoscope is defined as “a constantly changing pattern or sequence of elements”, and although carmakers have previously undergone numerous changes, the Internet of things (IoT) has spawned new ways to unlock valuable revenue streams through the emergence of a new ecosystem of personal mobility. This could result in the automotive industry becoming either extremely fragmented due to incremental changes or convergent as the disruptive forces of autonomous vehicles (AV), electric vehicles (EV) and mobility as a service (MaaS) redefine the concept of transportation.
The 21st century can certainly be described as the age of the Internet, and the business world is no exception to its influence – digitalisation is becoming the new big priority for the C-Suite.
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