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Sam Shaw reveals which trends the experts
are backing to dominate the tech sector over
the coming decades
The hype cycle
When Microsoft chief executive Satya
Nadella described two years’ worth of
digital transformation taking place in
two months, he spoke on behalf of an
entire planet. The coronavirus pandemic, in forcing
so many aspects of life to be replaced by online
equivalents, has rapidly accelerated numerous
themes set to power growth in the technology sector
for the foreseeable future.
Jon Guinness and Sumant Wahi, who run the
Fidelity Global Communications fund, observe
“a step change in existing structural trends
such as grocery, m-commerce (commercial
transactions conducted electronically by mobile
phone), digital entertainment, working from home,
virtual schooling, telemedicine and the digital
transformation of enterprises” as a result of the
global lockdown.
While online adoption was forced rather than
chosen in many cases, they believe much of it will
remain in place long after the crisis eases, with
opportunities from three audiences. Consumers
will make “profound changes” to their lifestyles;
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