4. The Speed Of Business Is Greater Than Ever

The speed of communications and business development is off the charts. From building a new product or initiating a new service for a customer, it now takes a day to do what once took you six months, Chesonis said. He told members of the audience that any advantages they have will be minimized because of the speed in which people get the information, and he warned solution providers about the timing in sharing the "secret sauce" -- what makes your product unique -- and going to market.

"As soon as you public, it's going to be disseminated," he said, although, he noted, that’s not always a bad thing. "Just be aware, because the new generation is even faster. I'm working harder now than I did five years ago."