The first wave of digital revolution has taken place over the last decade when Facebook, Twitter, Skype, LinkedIn, 4G and other apps took shape. Upstarts such as Netflix, Wikipedia, Amazon, Apple and Spotify replaced or disrupted existing players such as Kodak, Borders and Tower Records. Technology changes however did not impact core economic industries in insurance, healthcare, energy, financial services or food processing. The Internet of Things (IoT) is now allowing companies to tap enormous amounts of data to gauge business intelligence of the kind never done before. Household electronics appliances, smart watches, mobile phones, utility pole monitors and other GPS devices are all set to be connected using IoT. The concept of virtual money using Bitcoin can get further fillip using Block-chain Technology. It is sort of a distributed ledger system to execute transactions and then maintain their records.


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