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Interesting Article by Peter Diamandis


               
2015 Apr 6, 10:31pm   9,231 views  16 comments

by indigenous   follow (1)  

The most dramatic (positive) change in our global economy is about to occur between 2016 and 2020.

Three to five billion new consumers, who have never purchased anything, never uploaded anything, and never invented and sold anything, are about to come online and provide a mega-surge to the global economy.

While most of these individuals are in Africa, India, China and the developing world, and their income is low, when aggregated, this represents tens of trillions of new dollars flowing into the global economy… and no one is talking about it.

I call this group the "Rising Billions."

What are you going to sell to them?

How are they going to compete with you?

The Rising Billions are not coming online like we did 20 years ago with a 9600 modem on AOL. They're coming online with a 1 Mbps connection and access to the world's information on Google, cloud 3D printing, Amazon Web Services, artificial intelligence with Watson, crowdfunding, crowdsourcing, and more.

This is a blog about how the Rising Billions are connecting and the implications to you, your industry and our global economy.

The Technology Connecting the World

While the Internet has been extraordinary, it has only until recently connected the wealthiest.

In 2010, 1.8 billion people were connected.

Today, five years later, about 2.8 billion are connected…

Graph - Internet Users in the World

In other words, on a planet with a 7+ billion population, 4+ billion people still don't have access to the Internet.

But by 2020, I expect the entire world will be connected.

Here are the four major efforts, deploying tens of billions of dollars to make this happen, that you should know about.

1. Facebook & Internet.org

A few weeks ago, Facebook's Mark Zuckerberg announced, "As part of our Internet.org effort to connect the world, we've designed unmanned aircraft that can beam Internet access down to people from the sky."

They've completed a scaled-down test flight of these aircraft in the U.K.

The final design will have a wingspan greater than a Boeing 737 but will weigh less than a car.

It will be powered by solar panels on its wings and will be able to stay at altitudes of more than 60,000 feet for months at a time.

As Zuck goes on, "Aircraft like these will help connect the whole world because they can affordably serve the 10% of the world's population that live in remote communities without existing Internet infrastructure."

The boomerang shaped drone is called Aquila, and it is part of Facebook's plan to bring Web access to underserved countries through its Internet.org initiative.

Under the program, the drones would fly over areas where Internet access is either unavailable or spotty at best.

Internet.org is looking into a wide range of technologies, including lasers and satellites, which could be used to beam Internet access to people around the globe.

2. SpaceX Global Constellation

A team of about 50 employees at the new SpaceX office in Seattle is working on a project that would use ~700 small satellites to provide Internet access to the entire planet, with a strong focus on rural and developing areas.

"Our focus is on creating a global communications system that would be larger than anything that has been talked about to date," Musk told Bloomberg Businessweek.

The project can be expected in "sooner than five years," with a price tag of $10 billion, according to Musk.

Google, along with Fidelity, just invested $1 billion in Elon Musk's SpaceX with the aim of bringing satellite Internet to remote corners of the world.

And, given SpaceX's dominance in launch technology, such a system could be extremely affordable to launch and maintain.

3. Google's Project Loon

Global connectivity is central to Google, and as such, they are betting on multiple approaches to interconnecting humanity.

Project Loon is a network of thousands of balloons traveling on the edge of space (high in the stratosphere, twice as high as airplanes and the weather), designed to connect people in rural and remote areas, help fill coverage gaps, and bring people back online after disasters.

The stratosphere has many layers of wind, and each layer of wind varies in direction and speed.

Google has already demonstrated their ability to control the direction and position of the Loon balloons by rising or descending them into a layer of wind blowing in the desired direction.

By partnering with telecommunications companies to share cellular spectrum, Google will enable people to connect to the balloon network directly from their phones and other LTE-enabled devices.

4. OneWeb – Virgin Group & Qualcomm

One of the first satellite networks proposed came from Greg Wyler, in partnership with Sir Richard Branson, Chairman of the Virgin Group, and Paul Jacobs, Chairman of Qualcomm. Together they proposed a massive constellation of satellites called OneWeb, Ltd. One thing that makes OneWeb unique from other systems is their preexisting allocation of globally harmonized spectrum.

The OneWeb Satellite network design calls for 650 satellites weighing in at 125 kg each, operating at 1,200 km in altitude. Each satellite is capable of delivering at least 8 gigabits per second of throughput to provide Internet access to homes and mobile platforms.

In an interview in January, OneWeb founder Greg Wyler said OneWeb is in a final review of candidate satellite manufacturers and will select a prime contractor by this spring.

Satellite launches would start in 2017.

The Implications of a Connected World

The implications of 7+ billion connected minds are staggering, and we need to be talking about it. Again, the Rising Billion represent tens of trillions of dollars flowing into the global economy. They will drive the need to "bank, the un-banked" (probably with some bitcoin derivative), create an innovation explosion, and drive a new wave of entrepreneurship and global competition.

This is the kind of conversation I have with my 250-person executive mastermind group called Abundance 360 — the convergence of technology leading to the dematerialization, demonetization and democratization of products, services and industries. This CEO-level program is 88% filled. You can apply here..

Share this email with your friends, especially if they are interested in any of the areas outlined above.

We are living toward incredible times where the only constant is change, and the rate of change is increasing.

#politics

Comments 1 - 16 of 16        Search these comments

1   anonymous   2015 Apr 7, 9:19am  

No need to start hurling insults at zombies

2   indigenous   2015 Apr 7, 9:40am  

errc says

No need to start hurling insults at zombies

Do they hurt?

3   tatupu70   2015 Apr 7, 10:04am  

indigenous says

No Sir, it is all about comparative advantage.

OK, against my better judgement, I have to ask to what comparative advantage do you refer??

4   indigenous   2015 Apr 7, 10:09am  

tatupu70 says

OK, against my better judgement, I have to ask to what comparative advantage do you refer??

I will answer as if you are actually asking a question, Socratic or otherwise.

http://en.wikipedia.org/wiki/Comparative_advantage

5   anonymous   2015 Apr 7, 10:30am  

Wow. Is it possible he really can't answer? Even make up a bullshit answer?

Maybe its a language barrier thing, as he obviously doesnt have a very firm grip on the English language.

Try communicating with him in his own language. Just pile a bunch of words you don't understand, together, and pray that some other idiot will glom onto your gibberish, enforcing your conviction in your lack of ideas and thought.

6   indigenous   2015 Apr 7, 10:34am  

errc says

Maybe its a language barrier thing, as he obviously doesnt have a very firm grip on the English language.

Ah projecting again, here is a hint, make the predicate support the subject.

7   anonymous   2015 Apr 7, 10:39am  

Nobody can make sense of your nonsense, including yourself, which is precisely why you can never explain yourself, nor answer any questions.

8   indigenous   2015 Apr 7, 10:43am  

errc says

Nobody can make sense of your nonsense, including yourself, which is precisely why you can never explain yourself, nor answer any questions.

Well I guess you better get nobody to translate then.

9   tatupu70   2015 Apr 7, 10:56am  

indigenous says

It benefits both parties or they would not participate, it also is an advantage to the more advanced party as they can then spend their time on what they do that is more profitable to them.

OK great. But to which specific advantage do you refer in this case?

I'll help you out--often climate is cited when referring to comparative advantage. California has it for wine. Midwest for corn and soy. Columbia for coffee. It's easier to produce in some specific areas so they have an advantage.

So, what is the advantage that you are referencing in this case?

10   tatupu70   2015 Apr 7, 10:59am  

indigenous says

There is only one

OK--we're almost there. Now just say what it is and you'll hit the finish line.

You'll still be wrong, of course, but at least you will have answered a question.

11   indigenous   2015 Apr 7, 11:02am  

tatupu70 says

I'll help you out

Oh thank you so much.

tatupu70 says

often climate is cited when referring to comparative advantage. California has it for wine. Midwest for corn and soy. Columbia for coffee.

That is a meme regarding Calif and the midwest because both are using subsidies to grow their crops

tatupu70 says

It's easier to produce in some specific areas so they have an advantage.

China and cheaper labor or India and cheaper coding labor or Switzerland and banking or Germany and the US and Japan for capital goods etc etc

12   tatupu70   2015 Apr 7, 11:04am  

indigenous says

That is a meme regarding Calif and the midwest because both are using subsidies to grow their crops

lol--so differing climates is not relevant?

indigenous says

China and cheaper labor or India and cheaper coding labor or Switzerland and banking or Germany and the US and Japan for capital goods etc etc

So, the advantage is that there are more poor folks in those countries that are so impoverished that they are willing to work for less?

What is the advantage the Swiss have? That they are allowed to break the law?
What is the advantage that Germany, Japan and US have in "capital goods"?

13   indigenous   2015 Apr 7, 11:06am  

tatupu70 says

lol--so differing climates is not relevant?

No they are, so you get the idea.

tatupu70 says

So, the advantage is that there are more poor folks in those countries that are so impoverished that they are willing to work for less?

Yes, but before you start in with the usual blather, if it was not a good deal for them they would not participate.

14   bob2356   2015 Apr 7, 11:07am  

indigenous says

While most of these individuals are in Africa, India, China and the developing world, and their income is low, when aggregated, this represents tens of trillions of new dollars flowing into the global economy… and no one is talking about it.

So they are going to stop buying food and cooking gas to get internet access so they can order online from amazon? That doesn't seem very likely. Their income is low which means it all goes to survival. Reminds me of the plot to Finians Rainbow.

15   indigenous   2015 Apr 7, 11:27am  

bob2356 says

So they are going to stop buying food and cooking gas to get internet access so they can order online from amazon?

Yup they said that about China and Japan a while back too.

bob2356 says

Reminds me of the plot to Finians Rainbow.

Quite apt actually.

16   indigenous   2015 Apr 7, 12:06pm  

thunderlips11 says

This is a classic, textbook example of an Indigenous reply.

Thank you, kindly

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