Today, high-speed broadband for data is no longer just a convenience, but a daily necessity. And, it’s because of the ability to upload and download huge gigabits of data over fiber optic cables that innovations in all industries are transforming every aspect of our lives: telecommuting, telemedicine, transportation, security, entertainment, virtual reality, international trade, and long-distance family connections.
We’re more dependent on technology and data than we’ve ever been. In fact, more data has been created in the last two years than ever before in human history – and that trend is growing exponentially!
As technology advances, the Internet of Things (IoT) and the 4th Industrial Revolution will bring 50 billion new devices online and provide internet access to the rest of the world’s population. Our products are helping developing cities and countries leapfrog technology. Rather than slowly and incrementally following the traditional paths of industrialized nations, with multiple iterations and trial and error, millions of people are skipping the now-obsolete technologies and going straight to modern fixes that often happen to be green, sustainable, and relatively cheap. A start-up business in Africa doesn’t need a landline when they have a cell phone.
According to The Economist, in developing countries per capita GDP grows by one percent per year for every 10 percent increase in cell phone ownership. The innovation that grows from access to information is empowering.
Connectivity enables an enormous range of additional capabilities. Every industry either directly depends on, or hugely benefits from, the proliferation of smartphones – primarily because people who’ve never had a bank account or a secure way to save, transfer, and invest money now have all of that in the palm of their hands.