So said Mohammed Shahabuddin, manager of business development for the National Association of Software and Service Companies (NASSCOM), an Indian software industry body.

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Sony has developed "Music Unlimited powered by Qriocity" in partnership with Omnifone, a leading provider of cloud-based unlimited music services, with Omnifone contracted by Sony to coordinate content licensing as well as development and delivery of the service, leveraging its existing expertise in the music industry.

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Duncan said the strongest trends his company sees in these development initiatives are in the growth of service-oriented software architectures, subscription-based software sales and industry-specific standards in areas such as radio frequency tags and cellular telephony standards.

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The financial industry boom allowed the city and the state to spend without consequence, fattened the pockets of service industry workers and led to an unfettered local real estate development boom.

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