Convergence is dead: long live convergence
Mondaq Business Briefing › United Kingdom Law Articles in English (2004)
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Convergence is dead: long live convergence
This article presents Deloitte's views on the current state and likely future implications of convergence across the Technology, Media and Telecommunications (TMT) industries. It has been developed to help our clients frame their business thinking and strategy, by providing a longrange view of the way in which their markets might develop in the future. In doing so, the report addresses three key questions:
What are the underlying trends driving continued convergence?How will convergence drive the evolution of the TMT sector?What are the critical success factors for TMT companies for the future?In the late 1990s convergence in the Technology, Media and Telecommunications (TMT) sectors was the hot topic.The world wide web and the growth of highspeed digital networks gave us instant access and transmission of information. We were presented with the vision of a brave new world of multimedia products and limitless content, all united by invisible connectivity.The pace was frantic as TMT companies jostled for position in a rapidly evolving market. But the ensuing series of inter-sector marriages, takeovers and landgrabs cost - rather than made - the three sectors billions.In 2004, the picture appears markedly different. The original promise of some high-profile marriages appears to have gone flat. Many of the overtly technology-led services have flopped. Markets are still struggling to recov...See the full content of this document
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