Mashable recently reported on a study on the power of smartphones, and their impact on our daily lives. Among the findings, more than half of adults say have used their smartphones while interacting with others, 60 % of teens say they are “highly addicted” to their cell phones, and teens also report that they read fewer books, and watch less TV since smartphones came onto the scene. Perhaps most surprisingly is that the face of technology is changing: more than half of females use smartphones, while just 48% of men do. As technology evolves, the price of smartphones has dropped dramatically since the Android came onto the scene a mere three years ago. As history has indicated through other once “new” technologies like calculators, and even ball point pens, a price drop fuels growth and spread into the mass market. Which begs the question: with these advancements in smartphones in just a few years, do you really have the option NOT to have a smartphone in the coming years? Think about the impact that smartphones will ahve on the future, both personally and professionally. (Stats are according to the site mobiThinking.)
Apps: Over 300,000 have been developed the past three years. With online software guiding even novice “developers” and entrepreneurs on how to build their own apps, that number will increase quickly. If you haven’t used or downloaded an app, but the 13 year old next to you can build one, where does that leave you?
Banking: It’s estimated that up to 1 billion people worldwide will bank via a mobile device by the year 2015, most of that growth coming from Asian Pacific markets, to “bank the unbanked.”As banks strive for deeper profitability, and the ageing baby boomers keep ageing, will there even be an option to bank without online technology in the future?
Commerce: Part of the move toward M-banking, “tap and go” payments are expected to grow quickly, with an expected 169 million users of the technology in China by 2013. M-commerce is expected reach $31 billion in 2016, in the United States alone.