Israeli hackers with a conscience

Tuesday, December 10, 2013

Increasingly, forward thinking businessmen and multinational companies are beginning to notice that perhaps as the late business thinker C.K. Prahalad predicted there may be a “fortune to be made at the Bottom of the Pyramid” (BoP), the term that has come to refer to the economic segment of the world’s poorest people. These people – who live on less than $2.5 a day – comprise nearly half the world’s 7.1 billion people, a market estimated at having a purchasing power parity of over $5 trillion

Now it’s Tel Aviv’s turn to turn its technological talents to the developing world. 150 developers, business and international development professionals will be coming together today and tomorrow to ’Develop apps for the developing world’ at the Dev4Dev Cleanweb Hackathon.

Source: Haaretz (link opens in a new window)

Base of the Pyramid, financial inclusion