Today, the Technology, Media and Telecommunications (TMT) industry finds itself exerting an unprecedented level of influence over the global economy. All signs point to a continuation of this trend in the coming years as:

• Technology advances at an ever-increasing rate, leading to new products, services and industries.
• Media companies continue to introduce new devices, giving consumers more ways to consume media whenever and wherever they choose.
• Connectivity spreads, raising the value of the overall network with each connection.

This is a time for industry leaders to look forward and prepare for the next five years, because while opportunities abound, the margin for error remains unremittingly thin. The TMT practices of the Deloitte Touche Tohmatsu member firms have identified five of the most critical issues facing industry CEOs in the coming years:

• Making sense of China and India — as suppliers and customers.
• Capitalizing on new and improved technologies.
• Knowing who your adversaries are going to be.
• Innovating the business model.
• Creating the next blockbuster product or service.

This report considers the outlook for each of these critical issues over the next five years and provides recommendations to help CEOs make the right decisions. Watch video highlights from a related event—Disruptions 2005—or learn more from the complete report, available as a PDF file attachment in the link below: