Deloitte Identifies Top Trends in Technology for 2005

- Nanotechnology, Electronic IDs and Malicious Behavior among Key Trends -

Jan 18, 2005, 00:00 ET from Deloitte

    NEW YORK, Jan. 18 /PRNewswire/ -- Deloitte's Technology, Media and
 Telecommunications (TMT) industry group today announced its predictions for
 the global technology industry in 2005, forecasting a number of advances in
 technology, along with some serious challenges.
     Eric Openshaw, a Principal with Deloitte Consulting LLP and Americas Group
 Leader, TMT industry group, commented, "In 2005 Internet use will continue to
 proliferate, with the web browser playing an increasingly important part in
 our lives. Nanotechnology will become increasingly mainstream, enabling a wide
 range of new and improved products. And ethanol-based fuel cells will hit the
 market, providing portable power that lasts for days, weeks or even months.
     "Robots will move into our homes to help us with household chores and
 other mundane tasks. Space exploration will shift toward the private sector.
 Wireless 'mesh' networks will appear, helping authorities in major cities
 track the status of equipment and assets over a wide area. And quantum
 computers, which will be exponentially faster than today's fastest
 supercomputers, will take a few important steps closer to reality.
     "Yet there will also be significant challenges. Electronic forms of
 personal identification will proliferate as a way to improve security, yet
 identify theft and other digital crimes will continue to run rampant.
 Meanwhile, viruses, worms and other malware will multiply and spread to
 connected mobile devices, frustrating the public and costing companies
 billions in lost data and downtime."
      Three key trends identified in the report are:
      1. Nanotechnology becomes mainstream
         Nanotechnology -- one of the most talked about, yet least-understood
         technologies of the 21st century -- will become increasingly
         mainstream in 2005.  Nanotechnology is already quietly revolutionizing
         a wide range of products -- from computer hard drives and sunblock
         cream to car tires -- and will soon become a cornerstone of every
         manufacturing industry. Advances will increasingly be driven by the
         world's largest companies and nanotech companies will generate
         substantial revenue for the very first time. Potential uses will
         include using nano-spheres to deliver a drug directly to its intended
         target; employing nano-scale manufacturing processes to make smaller
         and faster processors and storage devices; and using nano-scale
         properties to make stain resistant, crease-free fabrics, and garments
         that resist bacteria.
      2. Electronic viruses run rampant
         Massive growth in connected technologies -- from PCs and mobile phones
         to PDAs and gaming consoles -- will cause a corresponding leap in
         electronic viruses and other malicious attacks. Nuisances such as
         unsolicited e-mail (SPAM) and unsolicited instant messages (SPIM) will
         continue to proliferate. More harmful intrusions, such as viruses,
         worms and malware (malicious software), blue-jacking (attacks on
         Bluetooth-enabled devices) and VoIP SPAM will become common, and
         increased use of mobile phones, remote working and WiFi will give
         hackers more access to private, corporate and government networks. The
         trend will cost businesses worldwide billions of dollars in lost data
         and downtime; at the same time, it will reveal vast opportunities for
         companies that sell IT security, and new lines of business will spring
         up from mobile operators, handset makers, service providers, and
         systems integrators.
      3. Electronic identification vs. Digital crime
         Governments around the world will move to replace paper-based IDs with
         digital products. These new forms of electronic identification will be
         used in passports, ID cards, bank cards and credit cards, and will
         include information such as the individual's name, address,
         nationality, digital photo and even biometric data. Electronic
         identification will be principally designed to curb fraud and identity
         theft, but will also speed up the process of identification and
         authentication. In spite of these measures, identity theft will
         continue to rise dramatically -- particularly for people and
         organizations that do business online. It will be imperative for all
         companies doing business online to spend the money to create more
         secure methodologies to protect themselves and their customers.
     As used in this press release, the term "Deloitte" includes Deloitte &
 Touche USA LLP and its subsidiaries Deloitte & Touche LLP, Deloitte Consulting
 LLP and Deloitte Tax LLP.
     Notes to editors
     Predictions Methodology
     These predictions have been compiled by Deloitte Research (a part of
 Deloitte Services LP) on behalf of Deloitte's Technology, Media and
 Telecommunications (TMT) Group. The major inputs used in writing the
 predictions were: input from the 5,000 strong TMT team around the world;
 discussions with leading industry and financial analysts; interaction and
 conversations with clients from the telecommunications and related sectors.
 These predictions do not claim to be fully comprehensive, but rather provide a
 commentary on major industry trends and developments.
 About Deloitte's Technology, Media & Telecommunications (TMT) Group
 The TMT Group is composed of service professionals who have a wealth of
 experience serving technology, media and telecommunications companies
 throughout the world in areas including cable, communications providers,
 computers and peripherals, entertainment, media and publishing, networking,
 semiconductors, software, wireless, and related industries. These specialists
 understand the challenges that these companies face throughout all stages of
 their business growth cycle and are committed to helping them succeed.
 Deloitte is a leader in providing strategic, financial and operational
 assistance to its technology, media and telecommunications clients
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SOURCE Deloitte