Technology

Technology

Fast growth and innovation lead to major opportunities

Fast growth and innovation lead to major opportunities

The changing landscape of disruptive technologies

Cloud and mobile continue to power the shift to a new portfolio of emerging technologies: the Internet of Things, data & analytics and 3D printers, to name a few. The prospect of drones, digital currencies, robotics and artificial intelligence going mainstream adds a new dimension to the technology industry landscape.

As the scope of technology disruption increases, many new monetization opportunities and business models are emerging. Data is increasingly rich and ripe for analysis. Churning out new products and services is happening faster than ever before, spreading farther and becoming less costly. It’s an unprecedented time for entrepreneurs and innovators given that the lean and fast startup trend is enabling more tech innovations from all corners of the world.

The rewards for embracing new technologies run deep, from productivity gains to cost efficiencies to quicker innovation cycles. Several risks loom large, however, with security remaining the biggest concern as technology companies continue to figure out how to prevent the growing number of hacking attempts and cyber-attacks that continue to make headlines.

Technology is playing a key role in capitalizing on new business opportunities in an ever-competitive business world. We expect new global players to increasingly emerge and challenge market leaders. While the U.S. continues to be the tech leader, other countries vie for that position. Multiple versions of “Silicon Valleys” are springing up in tech hubs such as Tel Aviv, Shanghai, Tokyo, London, New York and Seoul as a tech economy builds with startups and innovations.

Other tech sector trends:

  • Cloud and mobile will continue to remain vitally important to further technology progress and will remain as a key source of revenue.
  • Security and technology complexity continue to be major hurdles in adopting new technologies. New ways of making technology safer to use and easier to integrate are needed.
  • Consumer fatigue is emerging as another an obstacle to tech innovation adoption. Too many devices, too much info, not enough time – all provide an opportunity for simplification.
  • The Internet of Things offers tremendous opportunity in a great number of areas including retail, home automation and environmental management.

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