The Global Information Technology Report 2012
14 June 2012
The global information technology report 2012, brought out in collaboration between the World Economic Forum and INSEAD analyses the main drivers and impact of ICT-enabled hyperconnected world. The report gives an overview of the current state of ICT readiness in the world.
Over the past decade, the world has become increasingly “hyperconnected.” We live in an environment where the Internet and its associated services are accessible and immediate, where people and businesses can communicate with each other instantly, and where machines are equally interconnected with each other. The exponential growth of mobile devices, big data, and social media are all drivers of this process of hyperconnectivity.
Consequently, we are beginning to see fundamental transformations in society. Hyperconnectivity is redefining relationships between individuals, consumers and enterprises, and citizens and the state. It is introducing new opportunities to increase productivity and well-being by redefining the way business is done, generating new products and services, and improving the way public services are delivered.
Traditional organisations and industry infrastructures are facing challenges as industries converge. This will inevitably have consequences for policy and regulation because regulators will have to mediate the blurring lines between sectors and industries, and will be obligated to oversee more facets of each interaction in a pervasive way. For example, in terms of security and surveillance, hyperconnectivity is transforming the way people, objects, and even animals are being monitored. Experts also predict it will have an impact on inventory, transport and fleet management, wireless payments, navigation tools, and so on. The impact of ICT on different facets of life and work is growing.
To read the full report, click here