How Can The Youth of Today Contribute to Economic Progress via Technology?

By | Business
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Teen Millionaire Nick D'Aloisio source: gofoolish

Nick D’Aloisio, a 17 year old London teenager, has recently become one of Britian’s youngest millionaires due to his invention of the app ‘Summly’, an app that summaries news articles for the small screen, and was swiftly purchased by Yahoo after initially being downloaded one million times on Apple’s App store before Yahoo’s purchase. Yahoo bought the app for £30 million, a staggering figure that serves to highlight the increasing value that the youth of today represents in the technological field.

Nick will continue with his educational studies, yet has also joined Yahoo as a member of the struggling workforce. Yahoo have placed a significant focus on mobile technology in order to allow them to compete with the giants of Apple, Google and Microsoft. Adam Cahon, Yahoo’s vice president, emphasised the strength of today’s youth in the technology field because ‘that generation is not just mobile first, but is mobile only, a completely different point of view’.

Nick D’Alosio is not alone in his contribution to technology. Thomas Goodenough, 12, holds the title of the youngest app inventor in his creation of Air Ambulance, an app that allows virtual tours on air ambulances. There is a clear gap in the market for innovative youngsters who run their lives through technology to prosper by using their creativity and experience in technology.

There are many opportunities in which youngsters with a profound interest in technology can involve themselves. This week saw the announcement of Google’s £2 million Global Interest Challenge, with Sir Tim Berners Lee and Sir Richard Branson joining a judging panel that seeks innovative ideas for completely non profit organisations online by young UK entrepeneurs, with the reward of half a million pound and computers with the latest technological software. Sir Tim Berners Lee, the creator of the World Wide Web, therefore seems an ideal candidate for a judge. Sir Tim Berners believes that ‘we are only scratching the surface’ of the full potential on offer for economic success; the role of today’s youth is therefore regarded crucial.

It appears that businesses are becoming rapidly aware of their need to evolve in technology to attract younger customers. Twitter has recently discussed the possibility of introducing music to their network, and nowadays it is impossible to find a smartphone that does not come installed with social networking apps or a music player. Young people should regard this as a vital opportunity in which their experience is essential and presents a pure competitive advantage for any company that wishes to succeed technologically; the youth of today is the face of tomorrows technology.

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