Post on 11-Jun-2020
transcript
The destination for innovation
The Technology Impact on
Economic Development
How technology trends, innovation and
globalization will affect traditional economic
development agency business models
The destination for innovation
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
The destination for innovation
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
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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
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Everyone is talking IoT
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Impact of IoT – everything will
be connected
Source: CMSwire
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Socio-economic benefits of IoT
Source: GSMA
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“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
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Virtualization, online
collaboration tools
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Big Data – the new buzz word
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Big Data: features and drivers
Source: www.shhrota.com
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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
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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
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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 high-tech sector since the 1990s
• But now that trend will grow across many different sectors
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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
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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?
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The Next Silicon Valley –
focused on innovation
Website focused
exclusively on
information about
global technology-
based innovation
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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
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Our mission
“To create a vital resource for regional
innovation-based trade and commerce
centers around the world”
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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
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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
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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
Plessey Semiconductor
• Editorships of Silicon Design, Electronic
Design Europe, Communications Engineer
• 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
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www.TheNextSiliconValley.com
© The Next Silicon Valley Media Ltd. Tel: UK +44 (0) 1462 436294, USA +1 631 907 2559