Disruptive technologies such as cloud computing, mobile and social media provide an opportunity in 2014 to reshape organizations, change business models and transform industries, according to Deloitte’s “Fifth Annual Tech Trends Report.”

"Disruptive technologies — from wearable devices to cognitive analytics to crowdsourcing — present unprecedented opportunities to reimagine how work gets done, how businesses grow, and how markets and industries evolve,” Bill Briggs, chief technology officer at Deloitte Consulting LLP and author of the annual research, said in a statement. “But they also represent threats, and real challenges on how to balance experimentation for tomorrow with the realities of today,” Briggs said.

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