Ericsson has transformed from a hardware-focused telecom company to a software and services-focused ICT company. Its business mix has shifted from 73% hardware in 1999 to 66% software and services in 2015. Mobile data traffic is growing exponentially, increasing 65% between late 2014 and late 2015. Ericsson's vision is for a networked society where it helps advance society through sustainable development, transform industries, and empower people through technology. To achieve this vision, it focuses on networks, IT media, and industries and aims to excel in core business, establish leadership in targeted areas, and expand into new business areas.