Thursday, June 5, 2008

The Converging World. Thanks to IT

World is converging! Thanks to emergence of web and advancements in Information Technology.

Impact is not limited to business efficiency. More important is increasing availability of advanced technology to common people what we call in business language as consumers. It has brought people from all corner of world together at one platform which is being used not only for business purpose but also for social networking, exchange of ideas/culture across borders of nations.

People are learning from each other all across the world, values are changing and hence the way to provide it, generating new concept of business, social network and political games. No surprise, technology, social moves, political moves are being obsolete like never before.

Now power is again in the brain of an individual; no matter where he is, how rich/poor he is. Technology has ingrained aspiration even among the poorest. This grass root level of awareness keeps technology companies at their toes. A new startup can topple leaders, threaten to change the rule of game in mere few years.

Big tech companies find it hard to focus in limited number of areas, some players are dumping their hardware business for software, some are dumping software business for services, some are mixing software and services and some are even mixing hardware software and services. Where these are headed to?

One key trend that we might see is if big companies have cash, they are purchasing whatever they feel could threat in future. Even creating a company and selling it has become a thriving business.

Exciting world, integration followed by disintegration and again integration. In other words focus followed by diversification and again focus. The cycle is big enough to gobble up active life (till working professionally).

So ride the wave and enjoy beauty of the changing world.

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