Technology companies have entered the year 2020 with a sense of uncertainty amid recent political developments. Having cut back on Research and Development (R&D) activities over the past few years in light of China's economic retraction, let's see what tech companies are likely to face in 2020.
It was inevitable that Asian technology companies would rapidly build their own know-how pools as a result of the high-cost sales of companies like Google Analytics, Oracle and Intel. In this period that has seen a shift from California's Palo Alto in the Silicon Valley to Shanghai's high-rise skyscrapers, states that suffered the costs of this high-tech transfer were replaced by companies such as Tencent, Baidu, and Huawei. In this period, especially in light of the "One Belt One Road" (OBOR) program that aimed to help realize China's broad political ambitions through trade and technology investments, the Made in China 2025 (MIC 2025) strategic plan has been key.
Since 2017, data scientists and data engineers from China and Hong Kong have taken the lead in orienting their companies toward deeper learning in image classification, video analysis, speech recognition and natural language processing. Although the heart of tech still beats in San Francisco, there are serious questions about how long this process will take. According to research by PriceWaterHouse Coopers, Artificial Intelligence can contribute $ 15.7 trillion to the global economy by 2030. This scale corresponds to more than the total current production of China and India and it is likely that $ 6.6 trillion will result from increased productivity, with $ 9.1 trillion likely to be driven by consumption.
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