Power of Emerging Economies on the Global Internet Businesses
Internet has a huge impact in our lives right now. It has changed the way we conduct business, perform research or communicate with each other. Every piece of information is interconnected to each other in some weird way.
You probably know about the explosion of internet users in the world right now. As we speak right now 10 new users are being added in the world.
http://www.internetlivestats.com/internet-users/ defines an internet user as an individual who can access the Internet, via computer or mobile device, within the home where the individual lives.
Over the past few years, the world has seen an exponential growth in the amount of internet users on the market. This chart from internet live statistics describes the amount of growth that the world is witnessing right now. The growth rate of the internet in the last 5 years has just been phenomenal in the world.
Particularly in the emerging economies like India the internet is becoming a basic necessity requirement. The chart show the growth penetration rate of India— -the greatest number of users added per year — 108,000,000 per year, far greater than that of China.
There was never a time in this world that can anyone understand, learn and retrieve information so fast and act on them at a lightening pace.
A person who has internet in a village in nigeria can understand the current affairs happening around silicon valley and better yet perform complex supercomputing calculations through the internet.
There are still problems in emerging economies that the internet could solve:
- Malnutrition and food supply
- Crime Mitigation
- Collaborative workspaces
- Software engineering development
It is exciting to know the scale of the transactions that will be carried out in the future, particularly in India and China.
Who would have thought that an English independent contractor at CERN inventing a hypertext linking feature enabling physicists around the world to share data would change the world for better or worse:-)