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Frost & Sullivan: The Future Lies in Convergence

Over 100 Senior Executives discussed growth and innovation strategies during Frost & Sullivan's Growth, Innovation & Leadership Congress GIL 2013: Germany in Frankfurt am Main

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"The key to future growth and innovation lies in the convergence of industries and products, the cooperation of companies, and the attitude of a company's management team. Understanding what convergence really means is crucial," said Frost & Sullivan Head of German Operations, Klaus Huhn, summarizing the Growth, Innovation & Leadership congress GIL 2013: Germany.

The one day event encompassing many faceted presentations and panel discussions took place on Tuesday, 19th November 2013, in Germany's finance city, Frankfurt Main, gathering over 100 senior executives to discuss growth opportunities and technology trends in the energy, mobility, medical devices and pharmaceuticals industry.

The integration of current products, technologies and industries will not only shape the future of new, innovative and unique industries, products and technologies. It will also create new business models and competitive environments, which will either combine elements and features of the original industries, or create completely new corporate and industrial landscapes, promising growth opportunities in the future. "The attitude of the companies however, has to adapt itself accordingly, in order to profit from these changes," explained Frost & Sullivan Partner and Director, Dorman Followwill.

"In 2025, we will have robots in our households, digital personal assistants organizing one's daily agenda, and cars with autonomous functions and advanced driver assistance systems routing us through the traffic in the smart cities we will live in," forecast Frost & Sullivan Senior Partner and Global Practice Director Automotive & Transportation, Sarwant Singh. "The companies, which will make most of this become a reality, will not be the traditional market players in the respective industries, but rather new players entering from outside the industry."

The Frost & Sullivan presentations on mega trends and their impact on Germany, the 50 most innovative technologies and 360-degree perspectives on the above mentioned industries, were complemented by presentations from the Fraunhofer Institute, Deutsche Bahn, Landis+Gyr, Sorrento Therapeutics, and Benteler Automobiltechnik.

The day event was followed by the Frost & Sullivan 2013 Growth Excellence Awards Banquet, which set the stage for over twenty game-changing companies, which were recognised for their superlative performances within their respective industries. Awards presented to the companies lauded outstanding innovation, competitiveness, and leadership.

Frost & Sullivan's Global GIL Community continues to be the industry's only resource that supports CEOs and their management teams in critical decision-making, offering tools that help industry leaders in achieving the three essential objectives of Growth, Innovation and Leadership.

www.frost.com

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