Here’s a quick quote from a year end article that ran in Computer Dealer News:
CDN: How is the recession changing the way we do business?
Jim Carroll: “There’s a realization that we need to get to market faster, because consumer trends are happening faster, and IT plays a big role. If we don’t have a solid infrastructure, if we can’t collaborate, then we can’t push ideas through the organization faster.
And if you think about the rollout of IT, it’s becoming more critical than ever before – it’s the lifeblood by which we develop this ability to act fast.
I talk [to clients] about business model disruption. In the next few years it’s likely that our iPhones, BlackBerrys and mobile devices are going to become credit cards, and the entire financial industry will find that innovation will occur not at the previous speed of banking innovation, but at the speed of Silicon Valley innovation.
So going forward into this next economy they need to ingest new technology faster and respond to faster business model disruption.”
That’s a key trend that impacts every single industry today : into 2010 and going forward, many industries are going to find that the pace of innovation is no longer dictated by the traditional suspects, but by the pace of innovation as set by Silicon Valley. More on that theme to come!