Year 2011 – As the year 2011 draws to a close, it is preparing to conclude its activities and transition into history. The mournful occurrence of the demise of an esteemed person, Sir Steve Jobs, at the age of 56 on October 5, 2011 On March 11, 2011, an incident of a nuclear nature took place at the Fukushima Daiichi Nuclear Power Plant, located in Kuma, Fukushima, Japan. Some good and notable phenomena in contemporary times include accelerators, mobile money, payment systems, and communication.
The proliferation of startup companies in 2011 has amplified significantly. It marked a significant milestone in the fields of supercomputing and artificial intelligence.
What We Saw in Year 2011
In the year 2011, a growing number of businesses began to adopt novel technological solutions in the field of mobile payments, including Square, Dwolla, Intuit’s GoPayment, and Google Wallet.
The aforementioned phenomenon led to a substantial upswing in the employment of mobile payment methods. The domain of FinTech is undergoing progressive evolution and garnering significant attention. The domain is striving to revolutionize the management of financial resources by implementing innovative and superior approaches.
FinTech holds significant relevance and possesses the potential to generate substantial financial and social gains by increasing financial Inclusion. FinTech will make significant implications for both Banks and commercial enterprises.
Consequently, the advancements in AI has shown its captivating nature has drawn significant interest among scholars who are meticulously examining it. In 2011, remarkable advancements were achieved in the development of artificial intelligence. More than 10 petabytes of data were processed.
The IBM Watson system achieved victory over human participants in the competitive and intellectually demanding game of Jeopardy. Overall, the current year has demonstrated significant progress in the aforementioned disciplines.
Not only were there major IPOs in 2011, but there was also a significant surge in mergers and acquisitions.Several sizable technology deals in the past decade have been successfully executed. Google acquired Motorola Mobility for a whopping $12.5 billion, while Microsoft spent $8.5 billion to obtain Skype.
Several significant multimillion-dollar acquisitions occurred, such as HP’s bought Autonomy for $10.2 billion, Oracle picked RightNow for $1.5 billion.
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