Disruption, often perceived as a threat, can also present multi-billion dollar opportunities. Technological advancements might be a frightening prospect to some companies, but embracing them and tapping into convergence possibilities will yield an advantage. Frost & Sullivan's latest analysis of the top 50 most innovative technologies will be presented during GIL 2014:Germany that returns to the Jumeirah Hotel in Frankfurt am Main for the second consecutive year on 10th December 2014.
Germany returns to the Jumeirah Hotel in Frankfurt am Main for the second consecutive year on 10th December 2014. Frost & Sullivan estimates that in the course of the next five years, the global top 50 technologies will generate a combined market potential of$2.8 trillion. In 2013 alone, the global research and development investment for these top 50 technologies accumulated more than$120 billion.
Frost & Sullivan's TechVision programme is tailored to identify specific technologies which can influence and strengthen a company's operative business. "An important aim is to illustrate how a business can collaborate and co-create future solutions with previously unexpected partners," states Frost & Sullivan's Practice Director for Technical Insights (Europe), Ankit A. Shukla. "A specific case is built to track technologies and to dwell on the multi-billion Euro opportunities arising out of a possible technology convergence." Mr Shukla will go into detail regarding this during his executive bulletin 'Welcome to the power-packed World of the top 50 Technologies'.
"Knowing a cool technology is one thing, knowing what to do with it is another," states Mr Shukla. "It is easy for companies to get caught in a trap of the latest fad that never leads to business ROI. Therefore, it is crucial to identify and to innovate your business model with more accuracy and build new concepts for stronger stakeholder return."
Many interesting technology convergence examples have been identified as part of the TechVision programme.Self-healing oil and gas infrastructure opportunities will transpire as a result of the convergence of flexible electronics and super hydrophobic coating.Augmented reality technologies assimilated with wearable electronics will offer an enhanced user experience for the consumer, defence, education, and gaming sectors. The healthcare sector will profit from3D printing technology, making customized wound healing possible through 3D printed skin. These technologies will experience a significant adoption rate around 2019-2020.
Alongside Frost & Sullivan's own thought leaders, eminent industry leaders, namely DrRolf Urban, Vice President Business Development (Fresenius Kabi), Mr Holger Knopke, Vice President Connected Home (Deutsche Telekom), and Wolfram Unold, Head of Strategy and Market Intelligence (Osram Licht AG) will be sharing their visionary perspectives.
"It is a great opportunity for senior staff and thought leaders of DACH based firms and think tanks to think out of the box and discuss things that reach beyond the financial year," says MrKlaus Huhn, Vice President of Consulting and Head of German Operations at Frost & Sullivan. "Particularly at a time when the German economy is faltering it is important not to lose track on how big trends and changes can affect one's business and what to do about it. The response to Mega Trends, disruptive technologies, Industry 4.0 and the ability to adopt completely revamped business models will determine how the German, Austrian and Swiss Industry will cope in the global competition."
"I am confident," concludes Mr Huhn, "that delegates will walk out in the evening inspired, not only by sharp and to the point presentations but largely by the exchange of thoughts, ideas and experience with peers in a relaxed atmosphere and a cool venue."