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COMPUTERWORLD | Articles | ICT Watch 2016
26 Apr

Cloud, Big Data, I-o-T, Social Media Will Shape the Future of the IT Industry

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Tech trends that would shape the IT business in Bulgaria by 2020

„Cloud, mobile, social, Big data, Internet of Things, semantic, and so on continue being among the most up-to-date and fast growing fields in IT industry. Robotics also shoews significant improvement and gains the interest of the companies. They, in turn, raise many questions regarding the ensuring and the support of the cyber security, which turns to one of the main problems in front of the technological users. Bulgarian software companies follow from very close the nowadays trends and can already boast considerable experience and expertise in all these sheres“, BASSCOM` s Stamen Kotchkov commented.

„The increasingly upcoming cloud services will have a serious impact – they will reshape significantly a big part from the current IT, infrastructure and system integration businesses in Bulgaria. Leading drivers of the growth will be technological solutions and specialized services at the fields of Big Data, Cognitive Analytics, Digital Marketing and Internet of Things“, BOA`s Plamen Tsekov is confident.

Petar Ivanov from BAIT referred to two leading technological trends of the future, citing the worldknown futurist Thomas Frey:

  1. By 2030 over 80% of all doctor visits will have been replaced by automated exams.

  2. By 2030, the world’s largest Internet company will be in the education business, and it will be a company we have not heard of yet.

„It is hard to say in what extend we, as a business in Bulgaria, are prepared for such scenarios. But our strive is to be adequate in each and every moment. We operate in the relity, in which part of these bold trends will happen, and others will not. Our readiness means to offer more and more connected produsts and services, new solutions and approaches for the channels, in which we operate, to start and develop new platforms for collaboration with the dealers, as well as such platforms by which they could easily work with their customers. I suppose small and medium enterprises will show up at the stage with new solutions, applications and approach. The interdisciplinary development will be the key to success“, Ivanov stated.

Challenges and drivers of success for the local ICT business by 2020

According to Petar Ivanov from BAIT, the main drivers of progress and, respectively – challenges, which would influence the development of Bulgarian IT business during the period 2016-2020, will be combinations of scalable platform with services and hardware, which guarantee the necessary level of security. Ivanov thinks that it is most probably that the security will become a great theme and a business in a new way in the nearest future. “The existing operators will search for and start new platforms for service delivery, and the business clients and the end customers will have more choice. However, this will lead to higher requirements for knowledge, necessity of trainings and the human resources market will be restructured. Besides the security, the need of IT specialists and communication of all these new opportunities, there will be a challenge for us always to have the proper products, services, platforms and specialists, which to meet the demand. IT companies should get more adaptive and innovative. The whole business environment, economic development and political situation in Bulgaria reflect the local business much more that the impact of the same factors on the companies in other European countries. Speed and adaptability will be the Most important factor for survival, together with expertise and innovation”, Ivanov claimed.

„The development of Digital Single Market in EU will be determinants factor for the development of the IT business not only in Bulgaria and not only by 2020. The delivery of platforms with services and hardware, in combination with the Digital Single Market, will give access to the Bulgarian operators of such platforms to a huge market, but it is a great challenge for the whole IT industry in Bulgaria either“, Ivanov added.

Stamen Kotchkov, BASSCOM 

According to the latest data from the yearly survey of BASSCOM – “Barometer of the software industry in Bulgaria” (Annual Report On The State of the Software Sector in Bulgaria), Bulgarian software branch marked sustainable growth of 11% in 2015, outstripping the growth rate of the gross domestic product of the country. The sector remains among the fastest growing sectors in Bulgaria with estimated earnings of 1.601 billion Bulgarian levs for the year of 2015 and share in the gross domestic product close to 2%, the survey showed. Over 65% of the software companies income came from export of high-tech products and services. These numbers largely are due to the progressiveness of the companies and of their openness to the world. Over 17 000 people work for the sector and they are mostly young and ambitious, and part of them have graduated abroad, BASSCOM`s Stamen Kotchkov explained.

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