CEO and Chairman of Verizon Communications Inc. (NYSE:VZ) Lowell McAdam has revealed that the recent development in communications in the world is in the initial stages of a revolution for future technologies, as there are still pending numerous life-changing technologies to be revealed.
He made his comment on Thursday 7 November, when he was receiving 55th David Packard Medal from Tech America. The award is mostly awarded on yearly basis for recognizes noteworthy contributions in high-techology sector and for distinguished service.
In a detail statement by McAdam, revealed that he is lucky that his profession has overlapped with one of the main broad technological revolutions that any sector has ever seen. The current era is a golden period of innovation. However he also added that for all the technological gear manufactured in the previous thirty years, is to influence the power of these tools to transform societies and elevated living standards in such method that never dreamed of before.
The CEO is revealed that his company is looking forward to develop innovative ways in areas such as healthcare, energy and education, in order to modify lives through technology. In healthcare sector, the company cloud network and 4G LTE capabilities are being merged in biometric apps ad devices that considerably cut down the space between top doctors and patients.
However in the field of education, Mr. McAdam explains the telecommunication firm’s networks are re-designed the conventional bricks-and-mortar mock-up and providing enhance conclusions for underserved students. As far energy sector is concern, he added cloud and machine-to-machine technology is generating elegant grids that can lessen energy consumption and decreased emissions.
Finally he also added that the development that has been made in previous some years, it has provided base for the potential revolution, despite the fact that 60% of the globe’s people are is not connected to the Web, 80% population earned lower than $10 per day, and approximately one billion of population is illiterate. Verizon Communications Inc. (NYSE:VZ) share increased 0.06% to $50.20 in last trading session.