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Over the past several years, IT and business leaders have been focused on the digital transformation (DX) their organizations must go through as they reimagine their organizations built on 3rd Platform technologies (cloud, mobile, big data & analytics, and social) and further enabled by Innovation Accelerators such as the IoT, AI, and AR/VR.
Today, this transformation story is well into its second chapter and gaining momentum as organizations unleash “multiplied innovation” through expanded digital reach, pervasive intelligence, exploding app and service development, evolving customer expectations, and ambient trust and security. In this changing tech and business environment, enterprises have embarked on a race to expand their digital innovation capabilities to compete and thrive in the rapidly digitizing global economy.
A closer look at IDC’s top ten worldwide IT industry predictions reveals the following:
By 2022, over 60% of global GDP will be digitized with growth in every industry driven by digitally-enhanced offerings, operations, and relationships. Business leaders in every enterprise must put digital transformation at the top of their priority list. Businesses that fail to transform their offerings and their operations, at all levels, will find themselves competing for a progressively shrinking share of their traditional marketplace.
By 2023, 75% of all IT spending will be on 3rd Platform technologies, as over 90% of all enterprises build “digital native” IT environments to thrive in the digital economy. Nearly half of enterprises recently surveyed indicated that they are “digitally determined,” meaning they have already determined to develop an integrated digital strategy and architecture that largely mimics that of “digital native” organizations: cloud-centric service delivery, leveraging agile/DevOps practices, plugged into digital innovation platforms/communities, and focused on integrated data management and monetization.
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