Tech space which could finance the world
The tech space has become a multibillion-dollar industry, with an ever-growing number of companies. These can range from social media networks to developers of new technologies, and the companies that sell them.
Technology can help in a variety of different areas in the world. For example, it’s been used to develop medical devices to arrange surgeries in a more efficient manner. It’s also possible to create technology that can help with environmental issues such as water conservation.
A new report by the World Space Council has called for global investment in Space to enable it to become the most dependent upon the driver of our future economy. The report, entitled “Space: The Next Economic Frontier,” underlines how Space can enable world-changing innovations that would transform governments, industries and societies – if only there was the investment. There’s plenty of evidence of this potential in today’s world. Billions are spent on satellites every year, with investments in new technologies such as small satellites and low-cost launch services. “We want to help countries, companies and innovators understand how they can use space to better their lives here on Earth,” says Walter Jones, vice chairman of the World Space Council. “With space
Many people from all corners of the globe are now living without banking because they have access to a next-generation form of finance. These businesses, that harness technology to provide a service unavailable to many people in the past, are also helping create a space for these individuals to work and earn a living.
The tech space is one of the most high-growth sectors in the world. Investments in technology companies have grown by an average of 34% between 1999 and 2014, and these investments account for a significant portion of global economic growth. While we see innovation coming from many different sectors, the tech space is where we see the highest level of innovation – not just in products and services but also where we’re heading as a society. One way that the tech space is financing the world today is through its collaborations with other industries.
