Digital Society

It is hard to imagine a world without the internet these days with over 50% of the global population being active internet users. In North America and Europe, the internet penetration rate is 95% as of January 2019. Anything that can be digitized, will be digitized over the next years, and with good reason. Digitizing processes and collecting and analysing data results in higher efficiency, lower costs and more time for other tasks for both companies and individuals. Breakthrough technologies like artificial intelligence can only exist and further be developed by digitizing as many aspects of our world as possible. A growing number of connected devices will luckily also lead to a growing amount of data available to enable critical breakthroughs in healthcare, energy, cybersecurity and co.

Internet of Things

With the average cost of sensors decreasing, there are currently over 17 billion devices worldwide connected to the internet, 7 billion of which are IoT devices (excluding smartphones, tables, laptops etc.). Until 2025, the number of IoT devices is expected to grow to 21.5 billion. But a more comfortable life thanks to smart fridges and other household devices is only part of it. Connecting everyday devices to the internet results in a huge amount of data being transmitted every day. In combination with cloud computing, this gives us access to basically unlimited computing power on demand.

Big Data

There is a wide range of opportunities resulting from the digital economy. Educational programs, trainings and even healthcare can be improved by using AR and VR. The insights gained from big data can improve business intelligence, make manufacturing and logistics more efficient, help develop a smart grid for a more sustainable energy sector and gain new insights in the health sector. Another big area is traffic prediction. The more traffic data we generate, the better the predictions will get, also enabling new exciting possibilities like autonomous driving.

Distributed Ledger & Cyber Security

For Cloud Computing, we need to provide a stable and safe internet connection as well as data integrity and cyber security, especially with the prospect of digital identities. We will need new data anonymization technologies or new concepts of digital ownership to protect our connected devices from hackers and our data from data theft and manipulation. Promising approaches are distributed ledger technologies and security tokens which can establish “trustless trust”. However, to make them truly applicable, we need to make them energy efficient and sustainable.

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