April 24, 2013

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Forbes Editor Tells UTC Members to Prep for Industry Changes

Press Release

April 24, 2013

Salt Lake City — Utah technology companies need to prepare for seismic changes within their respective industries in order to continue being successful, according to Tom Post, managing editor of Forbes Magazine.

Post recently delivered this message to attendees at the Utah Technology Council’s (UTC) Annual Members’ Meeting.

“Look at the huge changes that have taken place in journalism because of technology,” Post said. “There has been a dramatic shift in what constitutes news – and how people consume it. Most folks don’t get their news from reading a newspaper or watching television at 6 or 6:30 any more. We have to deliver it whenever people want it and on the device of their choice. This change has caused massive layoffs in the industry – and a shift to non-staff outside contributors for some of it.”

“Who knows what this is?” he asked, pointing to his mobile phone. “Yes, it’s an iPhone. It’s also a grenade with the pin pulled out. And it keeps on exploding.”

He posed a question to the crowd: “What is going to disrupt your industry in five years?” He stressed that companies need to always look for and anticipate the next big thing in their industries, and plan to use this foresight to improve their businesses and stay ahead of the competition.

“There are now 48 million viewers visiting Forbes.com each month,” Post said. “We have been able to do this with the help of our vast contributor base. This model has been revolutionary in the world of publishing. However, we are still faced with the challenges of our changing industry. Like every business, Forbes will need to continue to strive as hard as ever to be the best in order to stay at the forefront.”

In addition to hearing from Post, the UTC presented the following peer awards for industry involvement and community leadership:

  • CEO of the Year - Kirk Ririe, BioFire Diagnostics

  • CFO of the Year - Mark McBride, LANDesk

  • CTO of the Year - Jason Taylor, Allegiance

  • Emerging Executives of the Year - Vinny DiGirolamo, IQue Repair; KC Kelly, IQue Repair and Morgan McKell, IQue Repair

  • HR Executive of the Year - Erin Fletcher, Cambric Corporation

  • Marketing Executive of the Year - Nolan Hout, Compunnel

  • Sales Executive of the Year - Alec Ford, Myriad Genetics

  • Trustee of the Year - Chet Linton, School Improvement Network

  • Legislators of the Year - Representative Val Peterson and Senator Stephen H. Urquhart

  • Quality Workforce Advocate Award - Senator Stuart C. Reid

  • Technology and Innovation Advocate of the Year - Speaker Rebecca D. Lockhart

  • Industry Leader of the Year - Stan Lockhart, IM Flash Technologies

  • STEM Advocate of the Year - Tami Goetz, Utah Valley University

  • Legislative Champion - Jeff Rogers, Paul Rogers and Associates

“We look forward to our Annual Members’ Meeting each year because it gives us time to reflect on our accomplishments,” said Richard R. Nelson, president and CEO of the UTC. “It gives us a chance to honor both our great members and Utah’s outstanding lawmakers and community builders who help to make Utah a spectacular state for technology businesses to call home.”

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