GIL 2014 Latin America - Convergence Trends Driving the Future
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Transcript of GIL 2014 Latin America - Convergence Trends Driving the Future
Convergence Trends Driving the Future
Krishna Srinivasan
Global President and Managing PartnerFrost & Sullivan
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What is Convergence?
Convergence is defined as the integration of current products, technologies and industries that will lead to the emergence of new, innovative and unique industries, products, technologies and competition in the future.
Photo Credits; SBC Technologies
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There are 4 Types of Convergence
INDUSTRIES
PRODUCTS
Car Unmanned Technology Autonomous Cars
TECHNOLOGIES
Building Technologies Smart Automation Smart Home Hubs
Space Industry Solar Industry Space Based Solar Power
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3
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Source: Frost & Sullivan analysis, 2012Image Source:: `Creative Commons and Dreamstime.
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Convergence of Competition: Example from Smart CityIndustry
Convergence of Competition, Global, 2012–2025
IT Participants
Energy and InfrastructureParticipants
Automation and Building Control Participants
Security
Telecom Participants
SAP
HP
ST Electronics
Oracle
Microsoft
Alcatel-Lucent
IBM
Cisco Senergy
Eaton
ALSTOM Grid
Siemens AG
General Electric
ABB
Honeywell
Rockwell Automation
Johnson Controls
Schneider Electric
Verizon
O2
Deutsche Telekom
Ericsson
AT&T
Serco
SymantecTyco
Point of Convergence
Securitas
Source: Frost & Sullivan
COMPETITION4
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Case Studies and Examples of Convergence
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Case Study: Convergence of Products Across Industries
A B
C D
3D Printing: Eg Bio PrintingNanobots (Drug Delivery, Cell Repair and Surgery)
Connected Car Smart Meters
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Case Study: BMW New Electric Vehicle Brand - BMW i3 and i8 Megacity Vehicles
Autonomous Parking Assistance
Traffic Jam AssistanceRange Assist
Pro-active Collision Warning
Pure Electric, Zero Emission
Voice Recognition
Panoramic Roof
Carbon Fibre Reinforced Plastic
Plug In Hybrid, 1.5L 3 Cylinder Gasoline, 66 g/km
Aluminium Chassis
BMW i3 Electric City Car
BMW i8 Plug In Hybrid Sports Car
Smartphone App based remote vehicle management (in-house app development)
Rapid Charging
Opening up iDrive API to third party app developers
Investment in app companies that provide mobility related apps
Multimodal Transport & EV related app – includes dynamic intermodal transport planning
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Case Study: Convergence of Technologies: Interactive Gaming (Kinect Console) + MRI Scans in Sunnybrook Hospital, Toronto
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CustomerFocus
Professional
Consumer
Industry FocusInformation
CommunicationTechnologies
Healthcare
Traditional Healthcare and Telemedicine
Consumer/Non-healthcareApproaching Telehealth
Core Telehealth
Telehealth Industry: Telehealth Markets (North America), 2012
HIE
Cloud Infrastructure
Activity Monitoring
Patient Portals
Fitness Apps
Retail Telehealth
Wellness Programs
Texting Services Medication Management
Tele-ImagingDistance
Learning/Simulation
EHR
Professional AppsHome and DM
Monitoring
Remote Cardiac Services
PERS
Video Consultation
Wellness Apps
Diabetes Management
Remote Specialist Services
Top five markets are in brown text boxes. Source: Frost & Sullivan analysis.
Convergence of IT and Healthcare: Telehealth
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Impact of Connectivity and Convergence - “Virtual Nirvana” Shorter Product Development Cycles
Digital Automotive Factory (VW Example)
Bio Simulation in Healthcare Can Save $200 to 300 million
in drug development
Upto 24 to 30 months before SOP today for Auto Industry (from 6 to 8 years in the 1970s).
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THANK YOU!
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Convergence Workshop Protocol
Step 1: Establish the basis of convergence and the
convergence point
- by product, industry, technology or competition, or a
combination of the above
Step 2: Define the growth opportunity arising from convergence
- In 3 to 4 bullet points
Step 3: Estimate the “Size of the Prize” for the opportunity
- $Millions - One Sector in One Region
- $Billions - Multiple Sectors OR Multiple Regions
- $Trillions - Multiple Sectors AND Multiple Regions