Technology is considered a must in this generation for various reasons, and data supports the transformative impact it has had on multiple aspects of our lives. Below are some of the key reasons why technology is indispensable in this current generation.
Communication Revolution: According to Statista, the number of smartphone users today is 6.92 billion people worldwide, this means approximately 85.74% of the world’s population owns a smartphone. The Below graph shows the number of smartphone mobile network subscriptions worldwide from 2016 to 2022 as provided by Ericsson, with forecasts from 2023 to 2028 done by Statista.
This means that Technology, especially smartphones and instant messaging apps, has revolutionized communication, and has also become the primary tool for connecting people globally in real-time in this generation.
Access to Information: Pew Research Center reports of 10th November 2023, alluded to the fact that 93% of adults in the United States get at least some news online daily either through social media platforms, newsletters, flipboard, podcasts, etc; just to mention a few of digital technological news outlets. The internet provides instant access to a vast pool of information, enabling knowledge-sharing, education, and staying informed about global events.
Digital Economy: The United Nations Conference on Trade and Development has projected that the global e-commerce market size to reach $6.4 trillion by 2024. Technology has transformed the global economy so that people all over the world can do business with ease across borders with little to zero restrictions and hitches as compared to the past, with e-commerce, digital transactions, and online businesses becoming integral to the global marketplace.
Education and E-Learning: According to UNESCO, over 1.6 billion students were affected by school closures during the COVID-19 pandemic, leading to a surge in e-learning. This showed that Technology facilitates remote learning, offering access to educational resources and opportunities irrespective of physical location.
Innovation and Job Opportunities: The World Economic Forum projects that by 2025, 85 million jobs may be displaced by a shift in the division of labor between humans and machines, but 97 million new roles may emerge also due to technological advancement. Technology drives innovation globally in this age by creating new job sectors, and demanding a workforce skilled in digital technologies as digital skill will advance astronomical growth in this generation if technology is embraced.
Healthcare Advancement: Grand View Research predicts that the global telehealth market size will reach $559.52 billion by 2027.
Globally, Technology enhances healthcare delivery through telemedicine, wearable devices, and data analytics, improving accessibility and patient outcomes.
Social Connectivity: Statista reported that there are over 4.95 billion social media users and 5.3 billion internet users worldwide in 2023 because social media platforms foster global connectivity, enabling individuals to connect, share experiences, and build communities.
Entertainment and Streaming: The global video streaming market size is expected to reach $223.98 billion by 2028 (Grand View Research). Technology has revolutionized entertainment consumption, with on-demand streaming services offering a personalized and accessible experience.
Environmental Monitoring: NASA and other organizations use technology for environmental monitoring and climate research. Technology plays a crucial role in monitoring and addressing environmental challenges through data-driven solutions.
Smart Cities and Infrastructure: The global smart cities market size is anticipated to reach $463.9 billion by 2027 (Grand View Research). Technology contributes to the development of smart cities, enhancing infrastructure, transportation, and urban living.
In conclusion, these data highlights the transformative influence of technology across diverse sectors, suggesting that Nigeria needs to embrace and invest in technology to leverage its benefits fully. Emphasizing digital literacy, fostering innovation, and developing a robust digital infrastructure are crucial for Nigeria to harness the pervasive influence of technology for its socioeconomic development.
Copyright @Omogbai Martins, TheTechiePriest
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