Within three to four years, almost every adult in India will own a smartphone. Unlike the West, which transitioned from mainframe computers to PCs to tablets and then to smartphones, India is making a leap directly into mobile. It did the same a few years ago when a billion people started using cellphones. But smartphones are going to have an even more profound impact on India.
So it's quite surprising that while there has been an outpouring of innovation in consumer apps, there has been relatively little imagination displayed so far in the world of business apps. What are needed are more "authentically mobile" business apps -- that is, apps centered on new-to-the-world functionality that would have been inconceivable before the smartphone revolution.
The greatest lifeline available is a strong support network of friends and family who can provide shelter and care. If access to cell phones and the vital contacts they contain is cut off, this support system is weakened. It is crucial that we give victims a way communicate with their loved ones to maintain a degree of normalcy in their lives.
The global growth of handheld digital devices among younger people is transforming the way consumers are getting their information in general, and financial information in particular. On April 15, the 2015 Financial Literacy Summit brought together international financial literacy experts to discuss how mobile technology can improve financial literacy for today's young adults.