Early in November Nick Puntikov, First Line CEO, together with 7 other experts from Japan, US, Canada, UK, Lithuania, and Nigeria responded to a number of questions about newsworthy developments in their regions along with the latest regulatory changes. Interestingly enough, Nick was the only expert invited to participate – who is not a practising attorney.
This roundtable is one in a series of virtual round tables produced by CorporateLiveWire, a news site that provides business professionals and individuals in the corporate finance sector with information on the latest news and developments from around the globe.
The following are three of the questions directed to Nick and his responses:
What Problems Do You Foresee Relating To Wearable Tech, 3D Printing And Other New Technologies?
Nick P: Why problems? I would rather talk about opportunities and related challenges. The new technologies conquer the markets with dizzying intensity. The window of opportunity is so wide that (unfortunately?) too many people try to enter it, without proper level of expertise and professionalism. I see this as the biggest challenge. The software engineering industry has yet to overcome inertia and restructure itself in a way that fundamental issues, such as reliability, security, and robustness, are addressed in standard solutions and platforms made available to all interested and willing to develop applications.
Can You Talk Us Through The Development & Approval Process For New Products Entering The Market?
Nick P: Interestingly, there is not much different in this process today despite the abundance of vendors in the market. The years when technology dictated the process are in the past. With today’s options of technology enablement, the market defines the process: (i) rapid development of the MVP, (ii) throwing it into the market (iii) monitoring traction and collecting feedback, (iv) deciding on viability, and either throwing it away or publishing first releases as soon as possible. And further on: the loop starts again. I do not see an alternative, at least, as long as we speak about computer software.
What Key Trends Do You Expect To See Over The Coming Year And In An Ideal World What Would You Like To See Implemented Or Changed?
Nick P: I have little doubts in this regard. Following IoT, which is mostly focused on consumer market, Industrial internet is the name of the next revolution. There is so much to do in a variety of fields, starting with ‘hard’ industries (such as manufacturing and natural resources) and ending with ‘soft’ sectors (such as education and health care), with all kind of logistics in the middle (transport, warehouse, etc.). In an ideal world, sensors and beacons shall cover the Globe and data analysis shall drastically change the efficiency of almost everything. But in the real world, it would be good enough if in 2016 a mere realisation of this revolution were achieved across all sectors of the economy.
If you are interested in reading all of the round table questions and responses, click here.
President of First Line Software
Nick is a veteran entrepreneur and business executive with a proven track record in building successful global technology organizations. Nick is the co-founder of First Line Software and serves as the company’s President and Chairman of the Board. He holds a Ph.D. from the Institute of Informatics of the Academy of Sciences. Nick’s hobbies include running, tennis, and golf, but his greatest passion by far is soccer. He lives with his family in US.