While global debts are swelling, many are optimistic that much of today’s spending will prove to be a successful investment. And while various sectors acquire funding in large amounts, technology in particular has garnered a particular amount of interest, especially on a national and even global level.
Many areas of the world have improved both their financial and technical strategies in order to produce the best technical available – and to invest in technology that hasn’t been fully established. There has already been talk of implementing advanced technologies such as solar panels, autonomous technology, and even artificial intelligence. These types of technologies offer a wide variety of new options for the future, and transcend the world’s primary tech focus on consumer electronics.
As the technological race continues and spreads across the globe at a high pace, some places are leading the way and taking a big risk to hopefully achieve a big reward.
Europe has been noted lately for investing record amounts of money into new technology. Though financial activity across Europe indicates a steady increase in debt between nations, but this type of spending could function as a worthwhile investment.
These types of investments put Europe in line to produce its own “Silicon Valleys” should the investment pay off. And while there are various types of technology which are seeing funding, deep technology companies are leading the way.
Deep technology companies are those businesses that work toward developing new intellectual properties. The Financial Times noted that these companies specifically pursue scientific and engineering innovations. These types of emerging digital industries have the chance to put companies on a better path to success.
While consumer electronics and even advanced hardware breakthroughs can play a big role in helping companies improve their standing and even bringing entire geographic areas to the forefront of the tech field, digital breakthroughs can sometimes have a longer lasting impact.
Certain companies have already gained the attention of analysts keeping track of this surge for its potential to increase the tech boom in Europe. Spotify and King have been popular names during this time, while others like ARM and NXP Semiconductors have also been mentioned.
Many of the world’s top tech names have acquired European tech companies and this trend could help contribute to the potential increase in technological growth these companies and their subsidiaries may see soon.
Techniques like machine learning, speech recognition software, data mining, and blockchain technology are all hot topics that are currently receiving a great deal of attention. The common trend among all of these technologies is that they seem to be the next step in their respective fields.
In terms of analyzing data in the digital world, machine learning may help to change the way information is processed. Speech recognition could change mobile and personal devices in a large way, and both data mining and the blockchain have the potential to completely modify the world’s financial and legal systems.
Other topics of interest that have seen investments from European companies include radar, 3D printing, robotics, and more.
The only disadvantage that European companies have when compared to tech companies in US is their lack of capital. While this issue had held them back previously, many companies utilized fundraising and crowdsourcing to acquire additional funds for these investments.