Increased global connectivity, exponential advances in processing power, the flow and accumulation of data, and rapidly dropping price points are fueling technological innovation at a speed and scale we have not seen before. In the past, economies have benefited from technology change. But these shifts occurred over decades. Today, the cumulative effect of technology is accelerating progress exponentially. Internet penetration, mobile phones and data availability have skyrocketed, facilitated by the rapidly dropping cost of hardware.

source and more: Accenture report

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