Technology and Communication
It’s no surprise that the amount of information on Earth is growing rapidly, and technology is expanding faster than ever before in history. By most accounts, the amount of data on Earth now doubles every two years. This means that 50 times the amount of information must be managed and there must be 10 times the number of servers (virtual and physical) to support this growth.
So too, the global pandemic of 2020-2021 accelerated the growth of technology substantially.
The facts are:
- 90 percent of the world’s data was generated in the past two years alone.
- 40 percent of the world’s people now have access to the Internet.
- Five billion people on Earth have a smart phone. (Source: How Fast Is Technology Growing Statistics [Updated 2022] (leftronic.com)
In our lifetimes, we are witnessing the largest expansion of Technology and Communication innovation ever. There are two relevant conclusions:
- Some of this growth has and will result in more virtual (digital) work being done.
- At the same time, the need for more buildings and related physical products to support the rise in the Communications and Technology sectors is more urgent than in the past.
Some of the specific areas where we’re seeing an increased need for tech-related construction include:
- The manufacturing of tech devices and hardware;
- The warehousing of tech devices and hardware;
- Drone-related construction;
- Server farms for blockchain mining and applications; and
- Satellite and space-related manufacturing and expenditures.
For reference, here’s a look at the 12 most active venture capital investors in communications and tech-related construction. They include:
- Brick & Mortar Ventures
- FundersClub
- Y Combinator
- Andreessen Horowitz
- 500 Startups
- Almi Invest
- Danhua Capital
- Kleiner Perkins Caufield & Byers
- Lightspeed Venture Partners
- O’Reilly AlphaTech Ventures
- Right Side Capital Management
- True Ventures. (Source: Pitchbook).
At 7th Dimension 21, we rely on the latest technologies, too. We’re here to help you get the best commercial loan possible to build a new facility within the Communications and Technology field. Call us today to talk about your specific needs.
