In one of the panel discussions at Intel Capital’s annual CEO Summit, currently underway in San Diego, California, it was agreed that emerging markets like Africa has the ability to solve major problems – and, in so doing, help the globe in the process.
“Emerging markets are the ones to crack the big problems – such as energy and healthcare, like having a different approach to home healthcare solutions through apps. Some of the big problems are solved from new markets where they have to think differently about solutions,” the panel agreed.
The panel included Ken Elefant, Intel Capital Managing Director for Security Sector; Dave Flanagan, Intel Capital Managing Director for Smartphones and Tablets Sector; and Robert Rueckert, Intel Capital Managing Director for New Devices and Wearable sector. Each offered an account of what has changed in the world of technology and what they believe will change going forward.
Ramamurthy Sivakumar, Intel Capital’s Managing Director of Ultrabook and Perceptual Computing sector, said that there is definitely a shift in the type of problems that are being solved.
“Types of problems that entrepreneurs are solving are changing. We don’t see a lack of ability and ambition, as things like SpaceX are putting people in space, and we see normal people building drones and so forth. That is the great thing about reduced start-up costs. Previously people needed a lot of capital to get things off the ground, but that has changed now,” he said.
In predicting trends for next year, Elefant said that there will be an increase in the breaching of government websites and the likes. “There will be more enterprise and governments to be breached, so security will have to be augmented, so companies can (and should) invest in better security,” he said.
Other key areas of interest highlighted for next year included Context Aware devices that will prompt users on how to act, being driven by the proliferation of new software, and take raw data feeds to give users data on that.
“Smartphones are intelligent now, but they will be a lot more so in the years to come. Personalisation of devices will become better and people will interact more with them – even more than what they do today,” said Flanagan.
Charlie Fripp – Consumer Tech editor