Crypto-currency has not only affected how humanity can make transactions but also how they do business. It’s on everyone’s lips at the moment, with the ‘overnight’ success of bitcoin in the money markets, so of course, we’re gonna talk about it. We’ve already discussed cryptocurrency here, here, here and here but we’re going to dive deeper because we all need to understand the implications of the technology behind cryptocurrencies where suddenly, we can exchange value over the phone, without oversight from the government or the banking industry, in an instant.
The internet is currently an integral part of current societies and economies around the world, and this is not any different in Kenya. Development of the Internet has led to a transformation that had not been previously precedented in the business world, social interactions, communication, education and research, philanthropic pursuits, governance and other aspects of life. In Kenya the Internet started in the 1990s, but until 2009, the internet was low and was also an expensive affair, as the country depended on expensive satellite connection.
The influence of FinTech in Kenya started to be notable in 2016 after the Capital Markets Authority of Kenya (CMA) and the Australian Securities and Investments Commission (ASIC) signed a Co-operation Agreement to support FinTech. The agreement aimed at promoting innovation in financial services for the respective markets. The agreement was signed in the margins of the Board meeting of the International Organization of Securities Commissions (IOSCO), which was held in Hong Kong during the same year. After the agreement to support Fintech in the country, a framework for establishing a corporation between the CMA and ASIC was created, as a way of expanding the space and opportunity for innovations in financial services. The parties agreed to share information in their respective markets, which included new market trends and regulatory aspects of growth in innovation.
In any innovative business, there are significant goals that help the entrepreneurs to conduct through building a smarter and more productive working environment. In the current scope of the business landscape, it is impossible to advance without the use of emerging technological developments. The following five hybrid applications can help in innovating businesses.
The world of business has gone through numerous changes since the Industrial Revolution. The rate at which business is developing is so fast that there has been a great necessity in using the different waves of development in the information technology. There are five ways in which Information Technology has impacted business to business communication. These include the following:
Cloud computing has allowed both small and large businesses to move their operations to third-party servers accessible through Internet Connectivity.
Unstructured Supplementary Services Data (USSD) is typically built into GSM and is similar to Short Message Service. However, to better understand the existing examples of USSD apps in Africa.
Currently, technology devices, the internet, and other platforms are all acting as efforts for automating processes in making life more comfortable. Among the innovations that have ensured this includes USSD. For a proper understanding of how USSD worked, it is better to first look at the meaning of USSD.
What is USSD?
Use of Satellites in Powering the Future
Fixing solar panels in space was a subject of consideration for the last 40 years. However, in a word the estimated cost was considered ‘astronomical.' Initially, the idea was seen as the resurgence, thanks to the increasing prices for oil and in advance of solar technology. According to a report from the U.S Department, the space-based solar was economically viable and technically visible.
History of Satellites
The first instances in which a recognition of the concept of satellites started to be felt include during the fictional depiction of satellites being launched into the orbit, in the book ‘The Brick Moon’ by Edward Everett Hale, published in 1869, and ‘The Begum’ by Jules Verne, published in 1879.
Why move to the cloud? There are plenty of good reasons, but mainly it makes good business sense. You can call it efficiency, or call it doing more with less. But whichever spin you prefer, cloud computing lets you focus on what's important: your business.