by April 7, 2014 0 comments

In the past few decades, enterprises have undergone radical changes in the way they function.Today, enterprises are little different from their counterparts from the 20th century, both in the way they function as well as the customers they service. With the entry of new technological trends that have been pioneered by IT businesses, but also in the massive scale of adoption and the evolution of these trends by several of the IT integrators who are now trying to reach out to the consumers directly and make a significant impact in the lives of the people. Over the last two years, the digital age has significantly boosted the pace of transformation in enterprises all over the world. Theevolutionary process has evolved into one that largely focuses on revolutionary change. Disruptivetechnologies like mobility, social media, analytics and cloud are growing rapidly in their technology offerings and would setting newer trends in the coming future.

IDC estimates that the world ICT spending will reach the US$5 trillion mark by 2020 driven by the combination of social media, mobility, analytics, and cloud. The confluence of social media, cloud, mobile and analytics enables rapid implementation of things that previously took iterations to make work. According to Cognizant, retailers are strategically deploying the SMAC Stack across key business processes to combine the best of virtual and physical retail shopping experiences

In fact, the impact of these trends will be even longer-term, bigger influence and deeper-rooted than we expect. They will revolutionize the ethos of our organizational structures, R&D investments, Talent, Risk taking appetite and Production process.

The Era of Ideas: Business will become more about the big ideas and making the small ideas big. The idea incubation will stem from a growing appetite for change, investments in advancing knowledge and education and fewer inhibitors to actualize new approaches. The coming years will see an emergence of innovation in terms of ideating solutions to problems. The solutions will overcome conventional wisdom, surpassing the traditional mind set, through an amalgamation of next generation technology and critical thinking abilities.

Leapfrog Emerging Economies: Emerging economies are fuelled by an ambition for exponential growth and will look to leapfrog over those that have been in race earlier. The thirst to adopt newer technologies and forklift their current economic status will empower them to incorporate thinking that is way ahead in the future, allowing them to propel a massive growth paradigm.

Promote Inclusive Innovation: The impression of inclusive innovation is based on the principle that innovative enterprises can profitably, with scalability, and competitively, engage citizens at the lower strata of the economic pyramid and in doing so provide goods and services that will transform their lives for better. For India, to transform into a global innovation hub we need to review the innovation progress in terms of innovation capacity and environment and to identify key opportunities for further development. Trade fairs like CeBIT provide a singular platform that enables the best in the industry to interact with like-minded individuals, all of whom are workingtowards growing in the same direction. These fairs not only bring about a sense of inclusion but also allow the economy to taste the newer and emerging trends that can take seed in their process of change and dynamic growth.

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