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McKinsey’s Michael Chui on How Tech Transforms the Economy

For insight into big emerging tech trends, look beyond Silicon Valley and Alley, said McKinsey's Michael Chui at a recent Techonomy dinner salon in San Francisco. The developing world is about to jump into the innovation economy. "Only half of the people that we can possibly connect in the world are actually connected." Once those people get connected, he believes, the world will see double the innovation it sees today, as potential innovators in now-developing countries get online. This expansion of connectivity will be enabled by the global mobile revolution, or what Chui called "the proliferation of form factors"—ranging from tablets and phablets to appliances and cars. Chui pointed to education, healthcare, and public services as sectors of the economy with the greatest potential to gain efficiency as they are transformed by tech.   More

Media & Marketing

Spoiler Alert: Mobile Moviegoers Are the Biggest Movie Enthusiasts

Today, with the help of their smartphones and tablets, moviegoers can stay on top of the latest movie trends in real time, purchase tickets on the go and even post their own reviews on social networks before the closing credits roll. Overall, mobile-connected moviegoers are bigger movie enthusiasts than the average U.S. moviegoer, according to Nielsen NRG’s 2012 American Moviegoing report. They spend more, consume more content and are more actively engaged in the moviegoing process. Smartphone and tablet owners are heavier moviegoers than average, attending 9 percent and 20 percent more movies overall in the past year, respectively. In terms of size, 69% of moviegoers own a smartphone and 29% own a tablet, with 23% owning both devices.   More


Ethiopian Kids Teach Themselves Using Only Tablet Computers

Can tablet computers educate the world? In two Ethiopian villages, illiterate children with no schooling are quickly learning their ABCs—and more—with Motorola Xoom tablets provided by the One Laptop Per Child (OLPC) organization. OLPC is experimenting to see if the children can teach themselves to read by playing around with the tablet and its preloaded educational apps and games. So far, the program has been a success—the children quickly figured out how to turn on and use the tablets, and within five days they were using 47 apps per child, per day. They retained information from the apps, and even customized their tablet desktops (working around OLPC software set up to prevent them from doing so). While the study is still in its early phases, these results confirm that technology will be an invaluable resource for educating the uneducated.   More


The Side Effects of Screen-Addiction

Is technology ruining our teenagers? Today’s teens are constantly staring at screens of smartphones, iPods, tablets, computers and TVs. And the consequences are problematic, psychologist Dr. Aric Sigman has found. Teens’ addiction to gadgets is wrecking their attention spans, triggering depression, and creating a sedentary lifestyle that is linked to heart disease, strokes and diabetes. Not to mention contributing to global warming, SmartPlanet reports. Obviously technology is doing the world a lot of good—but how do we harness tech without turning our children into mush?   More