Technological advancements driving development in emerging economies.

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January 20, 2016BusinessNo comments

One of the biggest driving forces behind the globalization of the world wide economy is the way in which technological advancements are driving development in emerging economies. Some Middle Eastern countries in particular are benefiting from new ways of doing business, with the installation of hi-tech infrastructure and the modern tools now available to a mass market.

Smartphones are a perfect example of these new tools and how they are being used. As with most commercial markets around the world, the way that consumers and businesses alike are using highly capable phone handsets is revolutionizing life on a daily basis.

Smartphone use

Smartphone usage soared in the Middle East in 2015 and manufacturers expect to see further growth in the year ahead. At present, smartphones make up about 50% of total phone sales in the Middle East and Africa, but the rapid advancement of network infrastructure with upgrades from 3G to 4G LTE means that more services are being added and reliability improved. High-tier smartphones are being increasingly marketed, although Apple only has 3.9% of the market share in these regions.

Customers

More companies from around the world now have opportunities to connect with their Middle

Eastern customer base because of the ‘level playing field’ the online world presents them. Connectivity across the Middle East is improving and that means individuals can make the most of new ways of doing things. Virtual offices, cloud-based systems, innovative payment methods and many more cutting-edge technologies are all coming together to effect real change.

Hotspots

Dubai is just one of the centers of tech development in the Middle East, where technology industries,

in close co-operation with both governmental bodies and influential individuals, are creating a forward-looking atmosphere in which great strides can be taken.With a wealth of both talent and financial resources available, the Middle East as a whole is now rapidly catching up with countries that have been active in tech fields for much longer.

Telecommunications

At the basis of the technological revolution that is ongoing lies the need for a reliable and advance telecommunications network. Ehsanollah Bayat knows a thing or two about how important a part telecoms has to play in the future development of the Middle East. Bayat is a successful telecommunications entrepreneur in his native Afghanistan as well as in the United States. His work in his native country saw him create the Afghan Wireless Communication Company in 2002, which quickly went on to become one of the largest cellular phone and Internet providers in Afghanistan playing a large part in its reconstruction.

Multi-level success

The example of Bayat and his Afghan Wireless Communication Company perfectly illustrates how emerging economies benefit from the Internet’s ability to create jobs, strengthen local economies and give them access to a wider global market. Bayat has also been recognized for helping improve living standards for millions by receiving the 2010 Mahatma Ghandi Humanitarian Award and the 2008 Corporate Social Responsibility Award from the Canada-Afghanistan Business Council.

Forward thinking

Information technology is such an important tool in the way developing economies can compete on a global stage that its security and availability are now essential factors for success.

The Middle East may have had to catch up with some other regions in regard to implementing large scale IT infrastructure programs, but there is no doubt that through the actions of many influential parties it is now firmly in the race to see where the technological revolution leads next.

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