The scale of information technology innovation is staggering.  In addition to the traditional in house R&D teams of many technology vendors, there is a much larger community of open source expertise which is now being tapped by many organizations.  Add to this the philanthropic private sector bodies and vast pubic sector ICT research budgets to fund industry and University consortium's.  A summary of the over €9bn EU budget for ICT research is available from the resources section.

The horizontal technology opportunity section gives some indication to the scale of the technology opportunity available to organizations.  According to various credible industry sources, some examples of expected high technology growth areas are highlighted below;

• Semantic technology will grow from $2bn in 2006 to over $50bn in 2010
• Master Data Management (MDM) will grow from $1bn in 2006 to $6bn in 2010
• Business Process Management systems (BPMS) will grow from over $1bn in 2007 to over $6bn in 2011
• Software as a Service (SaaS) will grow from $5bn in 2007 to over $11bn in 2011
• Commercial open source software will grow from $12bn in 2007 to over $45bn in 2011 (all software estimated at $169bn in 2011)

The  expected 25 fold growth in semantic technology is perhaps a reflection of the massive R&D expenditure that has been invested in this area and its potential to quickly extract knowledge from the exponentially increasing volume of data.  There are currently almost 300 companies operating in this area, each offering a potential opportunity to exploit semantic technology in some way.

Examples of  technology innovation within various industry sectors / business domains include;

Again, as identified elsewhere,  a strategic architecture foundation is a crucial first step for many organizations to consider  in parallel with addressing any vertical industry opportunities.

The organizations that can identify and verify selective opportunities will be well placed to achieve significant technology ROI. In parallel with your business domain expertise, MaxTunity have a range of services to assist clients in addressing technology problems and exploiting technology opportunities.

Reduce your IT budget, whilst increasing IT functionality and innovation

Sign up for our free Technology Opportunity Newsletter or subscribe for our low cost Technology Opportunity Snapshot research reports if you wish to get a general overview of the innovative technology relevant to particular business IT problem areas.

For specific business IT requirements, contact us to set up a no obligation, confidential discussion.  Please note that we will only embark on a project when it is mutually clear that significant value can be added.  In some cases, companies may qualify for government sponsored free or subsidised IT advice and services - we will use these resources where possible in order to keep client costs to a minimum.