There is a strong possibility that the next wave of technology applications will come out of the developing markets of Africa and Eastern Europe, rather than the established markets of the US, Western Europe or Asia.
This is the view of Peter Perregaard, Oracle`s VP for Europe, Middle East and Africa, who believes that the speed with which these areas are adopting new technology could be the springboard for such an event.
"The main difference between the established markets like Europe and the emerging markets is that a market such as Africa does not have the huge legacy of equipment and previous systems that a region like Europe has," says Perregaard.
"Because Europe has been in the technology game since the early days, it has this massive legacy of older systems - like mainframes for example - that have to be considered when developing new technologies.
"The emerging markets, on the other hand, have none of these old legacies to worry about, meaning that they often adopt a technology faster than the established markets."
He points to the rapid adoption of mobile and wireless technology across Africa and Eastern Europe as an example of how quickly these markets take to new technology.
"In effect, these regions are skipping a generation. They have not followed the long path that the established markets have used to get there, but have instead moved immediately towards the adoption of the latest technologies," he says.
"These days it`s about how quickly you adopt technology, and the speed with which the emerging markets are embracing the latest developments leads me to suspect that the next wave of applications may well come out of these regions."
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