Last week, I presented at the Colorado Innovation Summit in Denver, Colorado where leaders from higher education, industry, start-ups, government, and research labs came together to discuss a wide array of innovation topics such as technology, education, social entrepreneurship and economic development. The need to transform and revitalize communities around the world to make public services and communications anywhere and on any device more accessible was one of the hot topics.
Today, we are experiencing the largest economic and social shifts in history including an aging population – countries like the U.S., Japan and China are going to see its elderly population over 65 years old more than double before the year 2050. As a result, millions of new jobs will need to be created and productivity needs to be significantly increased to absorb the burgeoning working-age population. We are also observing other shifts: economies are shrinking in Europe, Germany and Russia while economies like Nigeria and Saudi Arabia and Egypt are seeing hyper-growth numbers. In both these economic situations, increasing productivity to increase income and overall living standards is vital. These and other trends we call the Internet of Everything (IoE) highly resonated with attendees as they saw that having the ability to anticipate customer needs and how to solve their problems creates a huge opportunity for global companies.