Saturday, January 22, 2022

What are global tech cos. doing to remain ahead and competitive in 2022 ?

These are the five global technology leaders the world is looking up to in the coming years. They are 

A  Tim Cook of Apple, 

B  Jeff Bezos of Amazon, 

C Mark Zuckerberg of Meta (Facebook), 

D Satya Nadella of Microsoft and 

E Sundar Pichai of Alphabet ( Google).

It is quite interesting to note that the top global tech who is who list has two Indians and three Americans ..

It is also a fact that these leaders are constantly trying to keep their organisations ahead of competition so that they do not go into oblivion like Nokia,, IBM etc.

These leaders know innovation and cutting edge technology only can take them ahead of competition. Together these five companies in 2021 invested close of $280 billion into new products and services while the whole startup world in US invested about $670 billion. 

The global tech leaders and cos are investing in new technologies to help them stay ahead of competition. Why ? Else they get trampled upon ..

I happened to read an interesting piece from the Economist tech quarterly on what are the future tech promises.

1. A device to supersede smartphone as a dominant medium connecting people to information and services.

2. Companies like Amazon, Microsoft and Google have understood the cloud to be the dominant force i the next decade and have invested heavily in creating a software platform to get everyone to work and later collect rent and have network effects and hence more revenue

3. Apple, Meta and Microsoft are also focusing creating a virtual reality headset that can help humans be more creating, productive and gather and process more information to help make better decisions

4. Apple is focusing on specialised chips and with Google they are focusing on quantum computing to take them ahead of competition

5. Apple, Amazon and Alphabet are also betting on autonomous cars

Decentralised Finance and Decentralised Blockchains are areas where  finance and tech cos are treading to find more productive and efficient uses of technology to bring high productivity gains.

Meanwhile we find government regulators in the western world have gone into top gear to identify whether these global five are indulging in unfair practices or moving towards exercising monopoly and total control over the area of working and on people, which can be detrimental to humanity.

George


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