In January, the annual World Economic Forum once again brought business, political, academic and other leaders of society together in Davos to have an open dialogue on issues that are shaping the globe.
AT&T’s Chairman and CEO Randall Stephenson participated in a panel during the forum on the new digital context and how societal, economic and technological forces are reshaping the digital landscape.
Here are some key points that I took away from the discussion.
1. Companies must be disruptive to live
For companies to stay competitive, you must constantly reinvigorate your business. If you don’t have a culture that drives innovation, you’ll lose out to someone that does. To speed the pace of innovation at AT&T, we opened our network to developers. Today, we have five AT&T Foundry innovation centers worldwide that catalyze tech leaders and start-ups to fast-track new apps, platforms and more.
2. Investment in communications infrastructure continues at extraordinary levels, enabling more and more bandwidth
Global mobile data traffic nearly doubled in 2013 and consumers continue to demand reliable connectivity – anytime, anywhere. From 2007 to 2012, AT&T invested more than $116 billion into its wireless and wireline networks. Since 2007, we have invested more capital into the U.S. economy than any other public company. We have begun deployment of a 100 percent fiber Internet broadband network in Austin, Texas, that will deliver speeds up to 1 Gigabit per second. And, AT&T 4G LTE now covers more than 270 million people in the U.S.
3. The smartphone will become the remote controls of our lives
For most of us, the smartphone will replace our wallets, pass cards and keys. As we connect more things to the Internet, we will be able to remotely monitor every kind of machine and function – from security, entertainment systems, air conditioners to healthcare applications and vehicles – giving us unprecedented control of our lives. As part of this, mobile operators like AT&T continue to make massive investments in cyber-security.
4. The cloud and LTE will impact every industry over the next 5 years
Technology is driving out inefficiencies and making us all more productive. In a recent survey, CEO’s were asked what trend will transform their businesses over the coming five years. Four-fifths of them identified technological advances such as the digital economy, social media, mobile devices and big data.
5. Education will be significantly impacted by technology
Higher education will become available to more people with platforms such as Massive Open Online Courses (MOOC). To give you an example, AT&T teamed up with Georgia Tech and Udacity Inc. last year to create the first-ever Tech Online Master of Science in Computer Science degree that can be completed entirely through a MOOC. In just the first few months alone, there are students from over 70 countries signed up for this program.
– See more at: http://www.attglobalpolicy.com/whats-next-in-tech-5-thoughts-from-davos/#sthash.POsOt6J8.dpuf