Andy Chatha, president and CEO at ARC Advisory Group, has over 30 years experience in enterprise applications and automation as an executive advisor, market analyst, project manager, and software engineer. He was interviewed for the May/June 2011 InTech magazine “Executive Corner” column.
Excerpt from Chatha’s “Executive Corner”:
As I mentioned in my opening remarks at the ARC World Industry Forum in Orlando in February, while the business drivers have not changed significantly for industry since last year, the intensity continues to increase. Recent events in the Middle East increased the level of uncertainty. Security—physical and cyber—is becoming a bigger challenge for all companies. The BRIC countries (Brazil, Russia, India, and China) are becoming stronger and more competitive every year. More “Facebook-generation” younger people are joining the workforce every year, bringing many new ideas and working styles. Government regulations increase by the day. We have started to upgrade the electric grid, with the Smart Grid having the potential to become as powerful and intelligent as the Internet. And the IT revolution continues, bringing with it, what ARC Advisory Group calls “easy IT” solutions. With all these changes going on, we need to become highly flexible and agile.
More investments are being made today in IT than in any other area. We have a tidal wave of new technology coming in social networks, mobility, Smart Grid, electric vehicles, and other areas. Corporate and venture capital investment in IT is at an all-time high. Facebook was recently valued at $50 billion, and this continues to go up every year. We will see many more Internet companies go public over the next couple of years. Industry has many opportunities to take advantage of this easy IT technology to help it meet current and future challenges. The newer IT solutions are easy to use, because they focus primarily on the consumer. Social networks and smart phones have become popular because they are so easy to use. The emerging Smart Grid is starting a revolution and, ultimately, will connect all home devices and appliances. Cloud computing makes IT like a utility, hiding all complexity from the user. As we have been saying for several years now, we all need to start adopting more of these easy IT solutions at our companies, since they can help us reduce cost and complexity.