“For the first time, the world is on the threshold of technology that would give a government the ability to follow anyone anywhere, and everyone everywhere. It could know exactly where you are going, where you have been and where you were yesterday as well. And this has profound potential ramifications for even just the fundamental civil liberties on which democratic societies rely. Before we wake up and find that the year 2024 looks like the book ‘1984,’ let’s figure out what kind of world we want to create, and what are the safeguards and what are the limitations of both companies and governments for the use of this technology.”

Eoin Treacy's view

It is already possible to track a person’s movements with their phone. Governments can track spending habits from credit card statements and companies already tailor marketing to the way in which we use the internet. In order to follow a person around a city with cameras, a lot more are going to need to be installed but one has to question whether that will even be necessary.

TE Connectivity is one of the largest producers of security equipment. The share has experienced two two-year ranges in the course of its decade long advance. It hit a medium-term peak in January and has been pulling back all year. This is the largest pullback in a decade which is a major trend inconsistency. A short-term oversold condition is evident but a sustained move back above the trend mean will be required to question medium-term supply dominance.