In an interview in Beijing earlier today, Canalys CEO Steve Brazier predicted that within the next three years, Chinese companies will become world leaders in five major technology fields, and he points towards the current trade disputes between China and the United States as the cause as the disputes have stimulated local innovation.
The executive identified AI, smart cities, 5G, exascale computing and microfinance as the key areas moving forward. According to Steve, some Chinese companies have already taken the initiative and can be considered as leaders in these fields, while “most Westerners underestimate China’s advanced level in many technological fields.”
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China’s innovation has accelerated, and the market will feel the full impact of this within 3 to 4 years. Steve also pointed out that while the international trade disputes are becoming worse by the day, he feels that business leaders and companies need to be more flexible in order to excel in the future. “Flexibility and the ability to respond to change are now becoming the number one business need.”
Canalys predicts that the number of connected devices (covering everything from smartphones to cameras to robots) will almost double from 16.7 billion in 2018 to 32.3 billion in 2023.These devices will generate large amounts of data, and Brazier says that the data needs to be managed, stored, and backed up with disaster recovery procedures.
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(Source)
