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Products are transforming business practices across the economy, as well as the lives of all who have access to their effects.The most remarkable breakthroughs will come from the interaction of insights and applications arising when these technologies converge.The rest is due to the inability to adopt and adapt technologies to raise productivity.
Everyone is involved – big and small, public and private, rich and poor.
The benefits that are certain to flow from technological revolution in an increasingly connected world and knowledge-intensive world will be seized by those countries and companies that are alive to the rapidly changing environment, and nimble enough to take advantage of the opportunities.
Knowledge is the systemically integrated information that allows a citizen, a worker, a manager, or a finance minister to act purposefully and intelligently in a complex and demanding world.
The only form of investment that allows for increasing returns is in building the stocks and flows of knowledge that a country or organization needs, an in encouraging new insights and techniques.
Science and technology are key drivers to development, because technological and scientific revolutions underpin economic advances, improvements in health systems, education and infrastructure.
The technological revolutions of the 21st century are emerging from entirely new sectors, based on micro-processors, tele-communications, bio-technology and nano-technology.
However, the continued and equitable expansion of Information Communication Technology (ICT) depends on electricity.
The real divide over the next 20 years will be between those who have access to reliable electricity to power these devices and those who do not.
Through breakthroughs in health services and education, these technologies have the power to better the lives of poor people in developing countries.
Eradicating malaria, a scourge of the African continent for centuries, is now possible.