Enterprises need more collaboration, more innovation, better communication, better knowledge processing.

FORBES: Stakes Higher in 2011 as Enterprise 2.0 Kicks off in Boston

On-line data centers are increasing their capacity to deal with this increased demand for processing power, communication speeds and digital storage capacity but despite the increases in efficiency of enterprise equipment and software there is a price to pay for universal connectivity and general on-line resources.

FORBES: Nothing Comes for Free

The long term objective of this project is to develop and apply innovative information and communication technologies for image and signal processing in order to better safeguard, diffuse and promote oral and intangible forms of cultural expressions proclaimed by UNESCO as masterpieces of the heritage of humanity.

UNESCO: Outline of Digital Archiving Project

While the regular IT industry catered to the global needs of cost-effective software and business processing, mobiles served the communication needs of average Indian citizens.

FORBES: Two Technologies Propelling India Forward

In finance, standards can take years to define as working groups from banks, securities firms and depositories meet repeatedly to hash out what needs to be in a message and ways to make it machine-readable so the communication can be handled by computers with straight-through processing (STP) and not require any expensive, time-consuming and error-inducing human intervention.

FORBES: Connect

The International Securities Association for Institutional Trade Communication (ISITC), an industry trade group focused on transaction processing, reports that a pool of members surveyed show that almost all think that finance industry could benefit from greater leadership.

FORBES: Dog Bites Man -- Finance Needs Greater Leadership Says ISITC