Light my fire!
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Holway on what will ignite the tech sector in the near future

Richard Holway, Director Ovum and Vice Chair of the Prince's Trust Technology Leadership Group

For immediate release. 2 December 2005.

In his annual speech to UK Senior Executives gathered to raise funds for the Prince’s Trust Technology Leadership Group last night, Richard Holway, Director, Ovum, gave his views on the technologies which would ignite the ICT sector in the years to come.

In past speeches Holway has described the ICT sector as “just another mature industry” with modest growth rates more aligned to GDP. Although this prediction has since proved to be correct, it has earned Holway the mantle of Industry King Gloom Monger.

So, in contrast, last night’s event was dedicated to the new innovations and technologies which would ignite the sector.

The four main things which currently Light Holway’s Fire are:

-          The intense battle for ownership, not of the desktop which Microsoft had obviously won, but of the Webtop. Although Google is currently making much of the running, Microsoft has already awoken to the threat. Other players like IBM will add to a new Battle Royale.

-          The coming of age of web-based applications will change the whole metrics of the software and services scene with revenue shifting from product licensing to advertising.

-           “Anytime, anyplace, anywhere” access has become the driver in hardware, software and comms. Music, radio and TV on demand – all available  “on the move” - will change the fortunes of the largest and oldest media companies

-          The ubiquitous mobile phone will replace everything we carry in our pockets – from keys, identity cards, coins, credit cards, passports…maybe even our medical records.

Holway said “the tech sector had gone through many cycles – the PC, the mobile, the internet etc. - where innovation has led to the destabilising or destruction of established businesses. There are now more ‘destructive technologies’ around than anytime in the last ten years. Destructive technologies present great threats to established businesses. But they create fabulous new opportunities too.”

“These opportunities will shift revenues radically rather than grow the total size of the tech market”

“But this means that tech is really starting to look exciting again” Holway concluded.-ends

About Ovum

Ovum, the analyst and consulting company, is the largest European-headquartered advisor on telecoms, software and IT services.

Resolutely independent, Ovum advises large corporates, IT and software vendors, IT services providers, telecoms operators, regulators, service providers, and equipment suppliers. It analyses the commercial impact of technology and market changes, and has a real strength in advising on the developments where telecoms, software and IT services interact.

Ovum takes a global perspective on leading-edge developments from our offices in Europe, North America and Asia-Pacific. Its experts spot the short-term issues that will have an immediate impact on markets and organisations, and advise on the longer-term 'visionary' aspects that form the basis of strategic planning.

More information on Ovum, its customers and its independence is available at www.ovum.com

About The Prince’s Trust Technology Leadership Group

The Prince's Trust Technology Leadership Group (TLG) is a unique networking forum for leaders of technology companies in the UK.
The Group is the first top-level networking forum of its kind and has already raised around Ł3 million for technology-related start-up businesses supported by The Prince's Trust.
http://www.princes-trust.org.uk/technology/

About Richard Holway

Richard Holway is a director of Ovum, a Patron and Vice Chair of the Prince’s Trust Technology Leadership Group, a non executive director of Microgen and an adviser to several large technology companies and investment funds.

Holway has 40 years experience in the IT sector and was Group Marketing Director of Capgemini. He founded Richard Holway Ltd in 1986 which became part of Ovum in 2000.

Richard Holway
Tel: + 44 (0) 252 781545
Email: rholway@holway.com