Two High-Tech Stories to Watch in 2015


There will be two particularly important business opportunities unfolding next year in the electronics and high tech industry.

The first is the growing importance, broader use, and more extensive leveraging of digital as the industry’s universal language and central driver of all key strategic decisions, investments, goal-setting and performance metrics.  The second is the unprecedented rise in proliferation and commercialization of the Industrial Internet of Things (IIoT).

Business Opportunity One: Digital

Why digital now? In this case, context is important. Digital technologies have been used in this industry for several years.  But next year the importance of digital will not be about what digital technology does or how it works, it will be about new digital mindsets driving executive decisions and investments.  The digital wave of 2015 will be about how companies apply it to create business advantage by developing new products and services, entering new industries and creating new markets. 

Next year, when industry executives make priority evaluations about strategy, marketing, investments, product development, supply chain, customer service, and many other aspects of their businesses, they will do so with digital strengths, assets, and competitive differentiators and capabilities as pivotal decision-making criteria. It will be more evident that electronics and high-tech businesses are becoming completely digital businesses and that more consumers are living fully-connected digital lifestyles.

In 2015 and beyond, digital mindsets will coalesce more broadly throughout electronics and high-tech. Digital will become the universal language, the strategic backbone, the structural and foundational framework, and the singular channel through which people in this industry will make the most important decisions about how to better serve their customers and generate more revenues and profits.

This digital transformation will manifest itself throughout a broad range of markets such as medical technology, aerospace and defense, consumer technology, enterprise technology, communications technology, enterprise software, and semiconductors. In all these markets, digital will be the central driver for solving problems, improving operations, lowering costs, boosting revenues and profits, and improving customer experiences.

Business Opportunity Two: Industrial Internet of Things

In recent years, you have probably heard about the Industrial Internet of Things (IIoT). Accenture defines IIoT as the convergence of intelligent industrial products, processes and services that communicate with each other, and with people, over global networks. This spans many aspects of the electronics and high-tech industry, such as manufacturing, supply chain, and product development. Conservative estimates suggest worldwide Industrial Internet spending is set to increase from $20 billion in 2012 to $500 billion by 2020.

In 2015, the IIoT will become more of a business reality, meaning more businesses will offer more products and services enabled by digital technologies. Accenture produced a new report on this topic titled “Industrial Internet of Things -- Reimagining the Possibilities.”

Edited by Rory J. Thompson

Related Articles

Coding and Invention Made Fun

By: Special Guest    10/12/2018

SAM is a series of kits that integrates hardware and software with the Internet. Combining wireless building blocks composed of sensors and actors con…

Read More

Facebook Marketplace Now Leverages AI

By: Paula Bernier    10/3/2018

Artificial intelligence is changing the way businesses interact with customers. Facebook's announcement this week is just another example of how this …

Read More

Oct. 17 Webinar to Address Apache Spark Benefits, Tools

By: Paula Bernier    10/2/2018

In the upcoming webinar "Apache Spark: The New Enterprise Backbone for ETL, Batch and Real-time Streaming," industry experts will offer details on clo…

Read More

It's Black and White: Cybercriminals Are Spending 10x More Than Enterprises to Control, Disrupt and Steal

By: Cynthia S. Artin    9/26/2018

In a stunning new report by Carbon Black, "Hacking, Escalating Attacks and The Role of Threat Hunting" the company revealed that 92% of UK companies s…

Read More

6 Challenges of 5G, and the 9 Pillars of Assurance Strategy

By: Special Guest    9/17/2018

To make 5G possible, everything will change. The 5G network will involve new antennas and chipsets, new architectures, new KPIs, new vendors, cloud di…

Read More