The document discusses several megatrends shaping the IT world including growth in emerging markets, increasing amounts of data ("big data"), security threats, analytics, cloud computing, mobility, and social business. It outlines IBM's transformation to a "smarter" approach focused on instrumented, interconnected and intelligent systems. Key technologies discussed include Watson, predictive analytics, expert integrated systems, storage class memory, and mobile/cloud platforms. The trends point to a more data-centric architecture and analytics approaches needed to make sense of unprecedented data volumes and varieties.