In this globally competitive environment scientific analysis of system under study is the key issues in attaining market leadership. This competitive advantage through quality process, product and services in the market place is possible through the development of knowledge bases and easy access to structured databases on systems, processes and technology based on quantitative study. Further due to ever emerging new trends of fashion and taste as well as technology, predicting future with certainty can be the daydream. This theme is most appropriate in the current context as well as in the future. The Conference will not only take stock of trends and developments at the globally competitive environment, but will also provide future directions to young researchers and practitioners. Besides, it will help in sharing of experience and exchange of ideas, which will foster National collaboration. The Conference would be of immense benefit to Management, Researchers, Academicians, Industry and participants from Technical Institutes, R & D Organizations and students working in the field of IT.