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Gartner Highlights 2014 Cool Vendors That Support Digitization and the Notion of 'Big Change'
|By Business Wire
|May 19, 2014 11:36 AM EDT
New opportunities brought about by digitalization can be captured
through the use of many emerging technologies and new products and
services. The "Cool Vendors" who provide these technologies, products
and services will support digitalization and the notion of "big change,"
according to Gartner, Inc. Gartner's 2014 Cool Vendors research series
identifies the innovative companies, products and services that will
shape the future.
This year Gartner has published 87 reports, profiling more than 385 Cool
Vendors that have the potential to exploit digitalization and radically
alter competitive dynamics across many industries. By definition, Cool
Vendors are small companies offering a technology that is
Innovative — it enables users to do things they couldn't do before.
Impactful — it has or will have a business impact; it's not just a
matter of "technology for its own sake."
Intriguing — it has caught Gartner's interest or curiosity during the
past year or so.
A list of this year's Cool Vendors is available at www.gartner.com/coolvendors.
"The age of digitalization is in full bloom but comes with challenges
the average organization has yet to overcome," said Daryl Plummer,
managing vice president and Gartner Fellow. "Issues are rising
everywhere from consumers choosing their own technologies to new
competitors entering markets traditionally closed to them. In a
digitalized world, it seems that anything is possible when accessing
digital assets, capabilities and channels within an ever-growing
Internet of Everything."
In order to get a grip on the challenges, enterprises, vendors and
investors will need to recognize the magnitude of the change that faces
them. Today's change, is not just change, it is big change. Gartner uses
the term big change to refer to the significant alteration of business
operations in a high-risk environment involving pronounced levels of
volatility, disruption, novelty and complex scope.
"Our 2014 CEO surveys show that as economic uncertainties lessen, CEOs
are investing in growth strategies," said Michele Cantara, research vice
president at Gartner. "The responsibility for execution goes to business
and IT leader change agents who are waging a losing battle to stem the
tide of volatility, novelty, disruption and complex scope that
digitalization and other forces are driving. Time-honored business
operation best practices can become obsolete in a digital moment. As a
result, to deliver on the growth outcomes the C-Suite expects, change
agents in business and IT need to challenge long-held assumptions about
management, organizational and technology best practices."
Big change in cool vendors 2014 is exemplified in the emergence of
several areas. 3D printing, for example, highlights an aspect of big
change that represents the translation of digital representations back
into physical representations. This challenges the notion that
manufacturing, distribution and supply chains will remain discrete
chains as opposed to collapsing into one 3D printing, manufacturing and
production mechanism. Similarly, the Internet of Things sees the
reciprocal effect of taking information about the physical world and
moving it through digital channels in massive quantities to open new
doors to opportunity. This challenges the notion that machines will not
be peers to human beings in business interactions, and exposes the
degree to which machines are invading our every process and situation.
"Since we began the Cool Vendors report in 2004, Gartner has profiled
more than 2200 Cool Vendors," said Mr. Plummer. "This can be a risky
proposition — a few Cool Vendors have gone on to become IT megavendors
in their own right, while others have been acquired by megavendors and
other industry stalwarts; however, some just burn out and vanish. By the
same token, the 2014 collection of Cool Vendors is by no means
exhaustive; there's no way we can introduce every company that's making
waves. Therefore, we've selected some to highlight based on our sense of
how impactful they are today and can be in the near future."
Additional information is available in the report "Cool Vendors 2014:
The Digital Age Forces Everyone to Confront 'Big Change,'" which is
available on Gartner's website at http://www.gartner.com/doc/2734521.
Gartner, Inc. (NYSE:IT) is the world's leading information technology
research and advisory company. Gartner delivers the technology-related
insight necessary for its clients to make the right decisions, every
day. From CIOs and senior IT leaders in corporations and government
agencies, to business leaders in high-tech and telecom enterprises and
professional services firms, to technology investors, Gartner is a
valuable partner in more than 14,000 distinct organizations. Through the
resources of Gartner Research, Gartner Executive Programs, Gartner
Consulting and Gartner Events, Gartner works with every client to
research, analyze and interpret the business of IT within the context of
their individual role. Founded in 1979, Gartner is headquartered in
Stamford, Connecticut, USA, and has 6,100 associates, including more
than 1,460 research analysts and consultants, and clients in 85
countries. For more information, visit www.gartner.com.
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