Dr Yasam Ayavefe describes the role of IT in economic development

IT in the 21st century has a special place in the economy since modern technologies are required to organize a wide range of processes. It has also helped people keep their jobs during Covid-19, as it became possible to work remotely during the quarantine period.

An important factor for IT is outsourcing. The main customers of IT services are telecommunications services, realtors, and banks. Additionally, the use of IT is actively developed in the field of agriculture, transport, logistics. 

According to the forecasted statistics, IT will provide substantial economic contributions of 13 trillion dollars in 2025. 

The leading technologies will be mobile internet and robots. Some of the others are Cloud, Energy storage, 3-D Printing, etc. The development of new technologies will enable the production of new products and services.

Top 5 Wireless Technologies

Wi-Fi has been around for a long time and continues to take a leading position, helping people in society and work.

5G It is an economical option to complement the Wi-Fi and delivers high-speed service.

V2X Allows cars to interact with road infrastructure and improve navigation and other related services.

Wireless sensor network can be used in various fields from medicine to smart home.

Backscatter helps to send data at the same time with low power consumption.

Technologies that could change our lives

Quantum computers, which, unlike ordinary computers, are able to solve complex problems.

Nanosatellites that will provide the entire Earth with the Internet.

Artificial intelligence will be able to realize the abilities of a person and even surpass him.

The Pandemic and IT

In 2020, the pandemic forced the government to improve technology and create new IT services. People have switched to remote work, while training was carried out remotely.

New technologies have touched medicine and healthcare. All products from the market could be bought without leaving home using delivery.

But as Covid-19 brought a blow to the global economy, IT was also affected. Which resulted in a 10% reduction in technology spending in 2020.

The use of technologies that can change our future

Safe Internet will fully protect all the data that is on the computer. 

Hyper Personalized Medicine – Medicines will adapt to one person’s genes. This is intended to cure many diseases.

IT in 2022

In 2022, the need for digital technologies is projected to grow and develop to provide competitive services with improved facilities. Тhe introduction of new technologies are anticipated to play an important role in many sectors, but mainly science, medicine, politics, national and regional development policies.

Some technologies, such as such as unmanned driving system, artificial intelligence, 3D printing are projected to generate substantial interest within the year. 

Technology will help save time for the provision of services, thereby increasing business profits. Technology gives governments access to natural resources and use them in the right way. IT is also an important element of international trade and a significant contributor to the global economy.

Innovations

It is proven that innovations are a source of improvement for performance and factor for economic growth. It has had a large effect on high quality productions of goods and services. In this respect, Europe continues to be the birthplace of innovation, therefore enjoys the end results. 

The success of innovative technology depends on a supportive business environment. The contrary can lead to unnecessary new product development costs.

Types of innovations:

1) technological innovations – ensure the efficiency of processes and productions.

2) social innovation – changes in a person’s lifestyle.

3) economic innovation – practising new methods in problem solving.

Dr. Yaşam Ayavefe

Click on the below links to view Dr. Yasam Ayavefe’s projects:

https://greenclimate.io/
https://yasamayavefe.com/

https://milayacapital.com/