Top 5 technologies that are going to make your business more competitive in 2015 driving profitability

Internet of Things or IoT

2. Cloud Computing

3. Big Data

4. Enterprise Mobility

5. Software-defined Applications & Infrastructure

Predicted to surge to 50 billion by 2050, IoT will connect roughly 25 billion 'things' to the Internet in 2015 itself.

Challenges

IoT depends on innovations in Big Data, mobile and the cloud. Data collected would be enormous, challenge will be to make it actionable and smart and tackle security concerns.

Benefits

Help consumers save money, reduce energy, and eliminate hassles of everyday life. E.g. with the use of IoT medical devices, a doctor could remotely monitor a patient and run a diagnosis in real-time. Marketing automation - location-based knowledge about the customer will help in the timely delivery of useful products and services to that user.Other benefits - sensor-driven decision analytics; process optimization; and optimized resource consumption

Challenges

Security attacks on its infrastructureBudgeting and assessment of the cost of service, both for service provider and customersPortability, interoperability issuesPerformance & reliability

Benefits

Cloud computing would revolutionize the way IT delivers services and how the users access information, applications and business services, especially beneficial for companies adopting Agile methodologies of developmentFlexible, economical and most environment-friendlyCloud increases collaboration, support in crisis, security and increase competitivenessCloud Computing

Challenges

Identifying the right data and determining how to best use it. Find the right talent capable of both working with new technologies and of interpreting the data to find meaningful business insights.Data access and connectivity can be an obstacle. Finding new ways of collaborating across functions and businesses for leveraging this data effectively.Security concerns about data protection

Benefits

Big Data will revolutionize data collection in tech as well as other industries including - agriculture and land surveying industries.Would assist in compiling the droves of data being delivered about a customer's every movement and promote the use of data to fuel customer engagement improvements.Cloud-based and mobile analytics, interactive and responsive analytics, and specialist & niche BI will monopolize the trends.Big Data

Challenges

Cost-effectiveness, security and performance issues

Benefits

It is the next $100 billion opportunity as mobiles are more contained, restrictive and safer.Potential to give up to 44% power savings through virtualization and BYOD initiativesBetter employee engagement/higher employee compliance.80% of the global workforce would need Enterprise Mobile Apps specifically tailored to meet their needs to make the best use of technology on the job.Enterprise Mobility

BenefitsA flexible, agile infrastructure framework to promote IT to a complete business partner capable of creating value and increasing operational efficiencies.It includes - software-defined networking, storage, data centers and security

Challenges

Includes deployment difficulties, issues with management and use of resources, infrastructure management etc.

Software-Defined Applications and Infrastructure