China is currently piloting a vast ranking system using big data and AI processes to monitor citizens’ behaviour. The social ‘Sesame credit’ system was first announced in June 2014 by the governing State Council of the People’s Republic of China and will be mandatory for all businesses and citizens once fully operational by 2020.
These are the key technology themes we will be watching closely during 2019:
1. #Techlash - tech builds a conscience
By 2020, it is forecast that 1.7MB of data will be created every second for every individual on the
planet. Managing data properly must be a top priority for companies in 2019. If they do not have
robust procedures in place to ensure that data is managed, stored and utilised appropriately, they
will run the risk of being caught in the #techlash epidemic.
2. #5G – the race has begun
5G will open up significant opportunities across industries by increasing reliability, saving time,
money and dramatically enhancing the final user experience. Three key reliability improvements
over 4G will be a 1,000 times speed increase, improved latency and high precision connectivity due
to the ultra-high frequencies. IDC predicts more than 30 billion devices will be connected to networks globally by 2020.
SAGE podcasts and vodcasts span a wide range of subject areas including business, humanities, social sciences, and science, technology, and medicine.
Therefore I was delighted to be a guest on the @SageNAmerica Advice Podcast with @edkless to talk about why I invest in early stage growth companies.
Each week, the Invested Investor focus on a theme discussed by their entrepreneurs and Invested Investors.
This week, they are celebrating the achievements of their women investors and entrepreneurs despite the many challenges!
'I don't think it's the girls aren't interested, I think it's schools and parents are not encouraging girls to think that these subjects are relevant,' explains Simon Thorpe, the serial investor who champions for more Women in investment!
Estonia is a small country with a population of just over 1.3 million. Since its separation from the Soviet Union in 1991, the independent nation has been revolutionary in becoming a leader of digital innovation in Europe by allowing entrepreneurs to set up a digital identity without having to visit its country.
Image credit: e-Residency: Estonia
What is e-Residency?
The e-Residency programme was first launched by the Estonian Government on 1 Dec 2014, to create a borderless digital environment and has used more digital signatures than the rest of the EU combined. It has facilitated the growth of virtual businesses by offering trust, transparency, inclusion and legitimacy to establish a truly global digital society. 98% of Estonian’s own an ID card.
Blockchain technology can facilitate trustless consensus across all industries. Amber Magson (Yr12 student) whilst on Work Experience from the Bishop Stortford College decided to look into how Charities can benefit from this technology and Ethereum's Smart Contracts.
Whilst on work experience Year 11 student Emily Bond from the Bishop Stortford College researched the future possibilities of Space technology. She has produced a timely article in light of recent news that the UK Space Agency is giving Highlands and Islands Enterprise £2.5m towards the development of the first UK spaceport to be hosted in Sutherland, Scotland.
Recent reports show that 4 billion people (over half the world's population) are now online, with 250 million joining for the first time in 2017. Whilst on work experience Year 12 student Molly Dorman from Birchwood High School explored the way technology has revolutionised how we now communicate and its global implications.
Microsoft research has highlighted that there is just a 5 year window to ignite STEM passion in UK schoolgirls before interest markedly drops off (between the ages of 16-17). Charlotte Brown from the Bishops Stortford High School is a keen Yr12 Maths student; she has recognised in her studies that girls are significantly underrepresented in STEM, therefore wanted to research why and what is being done to help rectify the situation.
Companies from all industry sectors understand the importance of investment in Artificial Intelligence (AI). It has the potential to transform the way we live and the ability to tackle inherent societal challenges. Whilst on work experience from the Herts and Essex High School, Yr10 student Emily Hollins explored its future impact and opportunities.
Olivia Singh (Yr10 student) from the Herts and Essex High School explored the levels of technological development in Japan and China whilst on work experience, to ascertain which is the emergent superpower competing with the USA.