Beech says if he had to fly somewhere every time he had to discuss an investment, his expenses would soar and his productivity plummet. Beech says MEDA also now receives financial reports electronically. In the past, the information would have arrived by slower means. Basically it provides communication capabilities at lower costs. People can find about new things and new ways of doing things.
Physical location is less important.
By the same token, there are also risks that some people will be left out and that some cultural diversity will be lost if everyone is connected to the same infrastructure. There also are some huge infrastructure issues that need to be addressed, says Beech. These are often simple things that people in North America and Europe take for granted, such as poor phone connections, intermittent electrical power, and limited capital available to buy new computer equipment. Beech says it is also hard for developing countries to keep up with the ever-changing technological advances. The computer industry tends to reinvent itself frequently, making the cost of keeping up with technology expensive.