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2021 Will Bring an Uptick in 5G Technology, Reaching 1.95 Billion People Worldwide

Source: Bankr

More than half of the world’s population is expected to have access to 5G coverage by 2025. The advanced technology is on track to grow by 253% in the next four years. In 2020, 5G technology had reached about 15% of the world population, or 1.17 billion people. In 2021, its reach could increase by 10%.

As of August 2020, 38 countries had deployed 5G technology, with North America and Asia leading in the implementation. Europe lags behind the two regions due to weaker demand for 5G. In developing countries, general internet reach is at 47%, compared to 87% in developing countries. 

The COVID-19 pandemic forced millions into remote working, making access to connectivity more important than ever. However, this abrupt digital transition exposed the billions of individuals who do not have internet access and are, therefore, more likely to fall behind economically and academically. WEF states that “closing this digital divide is reliant on making 5G available to everyone, everywhere, in a modern and open way.” Access to 5G could benefit industries like education and health care, job and skills training, civic engagement and public services.

Electric Autonomous Vehicles Have Huge Potential for the Freight Industry

Autonomous vehicles have come a long way since 1925, when the first radio-controlled car was driven around Manhattan’s streets, without anyone at the steering wheel. 

Last year, autonomous vehicles hit the roads in a myriad of ways. Walmart deployed fully driverless trucks to transport groceries between stores in Arkansas, while autonomous vehicle companies raised an average of $650 million for 2021. Amazon acquired several autonomous vehicle companies, pledging to buy 1,000 autonomous trucks in the process. 

With heavy duty vehicles accounting for about 19% of greenhouse gas emissions in the EU, according to a report by Marsh McLennan, the next phase of innovation for AVs is electrification, and the freight industry is expected to be among the first to adopt electric AVs (E-AVs). E-AVs will offer benefits such as enhanced sustainability, improved safety and reduced costs. The report also demonstrates how E-AVs compound technological benefits by facilitating data collection to develop safer business models. 

Big Tech Invests in Cybersecurity

The top five tech companies are investing in cybersecurity to bolster their cloud dominance, according to a new report by CBInsights. The research firm found that Meta (formerly Facebook), Amazon, Google, Microsoft, and Apple (MAGMA) invested over $2 trillion in cybersecurity companies last year.

The rise in investment comes as cybercrime and ransom attacks hit a record level in 2021. In the United States, ransomware caused government services in Maryland and Atlanta to shut down for days at a time. In the private sector, Guy Carpenter estimates that just 42% of private businesses invest in cyber products, putting the almost $21 trillion in intangible assets of the Fortune 500 at risk.

The rise in investment by MAGMA is a bid to lure users onto the cloud. AWS, owned by Amazon, Azure, owned by Microsoft, and Google Cloud Platform are the most popular cloud platforms and boast a myriad of cybersecurity features. Meta and Apple, meanwhile, are pivoting their platforms to be more privacy-focused given the mistrust of data management by the public and the increasing risk of apps becoming a vector for cyber crime.

2021’s Job Market Broke Records After the Losses of 2020

The 2021 labor market posted its biggest jobs gain in modern history, following the huge job losses of 2020, as lockdowns and restrictions were lifted throughout the United States. Following a year that uprooted the lives of many as companies struggled to stay afloat, according to the U.S. Bureau of Labor and Statistics, an estimated 6.5 million jobs were gained in 2021, the most since 1939.

As the Omicron variant spreads throughout the world, however, economists warn that January and February job growth might be more muted. Furthermore, research shows that as many as 5 million members of the workforce might be sidelined as the highly contagious variant continues to spread. And, there is still a 3.6 million jobs deficit from the beginning of the pandemic.

How People Around the World Say AI Will Change Their Lives

The majority of people say that artificial intelligence will improve education, entertainment and transportation along with homes, shopping, safety, the environment and food/nutrition, in a survey conducted by Ipsos and led by the World Economic Forum. Overall, 60% of people think that AI will make their lives easier.

The survey explores attitudes from 28 countries around the world. It found nearly two-thirds of respondents expect AI will profoundly change their daily lives in the next three to five years. Respondents say that education, safety and employment are among the most likely areas to change. Thirteen percent, however, say that AI would not notably change any of the areas shown above, perhaps revealing some people’s skepticism of AI, as just 50% of respondents say they trust companies that use AI as much as they trust companies that don’t.

Previously on BRINK, we’ve covered how artificial intelligence can help businesses, healthy aging and cities.

 

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