August - 2014 - issue > VC talk
Platform-independent Firms are the Need of the Hour
Hemant Taneja
Over the years, the industry has undergone a revolutionary development, following an array of influential trends, with the transformation of small enterprises being the most noteworthy among them. The 'bigger is better' concept has turned quite obsolete. Presently, there is a plethora of opportunities for small enterprises to leverage platforms for accessing cost-effective business services which were earlier restricted to large enterprises. Several companies such as Stripe, Zen payroll have effectively leveraged these benefits. These trends have given rise to the 'economies of unscale', which remains an area of immense focus for us.
Keeping Pace with Technology
The technological advent taking place in the industry has been quite impressive. The increasing reliability on Internet of Things (IoT) and mobile devices has made developing solutions easier by leveraging hardware end-points. In the light of these events, entrepreneurs are re-imagining several aspects of the industry including home automation, health and fitness. The upcoming innovations in IoT and mobile devices are closely followed besides latest application workflows. For instance, transformative results could be brought into the healthcare industry provided these devices are coupled with cloud software.
The Roadblocks
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