Wouldn’t it be great for your business if you could predict technology trends? You’d be able to develop new products and services, and roll them out at the appropriate time. You could be proactive in hiring the people you need not only today, but also in the future. You would have a real competitive advantage.
Unfortunately, we don’t have a crystal ball that will tell us what the future will bring. However, global research powerhouse IDC gives us their best shot with their IDC FutureScape: Worldwide IT Industry 2017 Top 10 Predictions report.
Trends and Enablers
IDC sees the third platform/digital transformation (DX) continuing to grow and evolve leading to a “DX economy.” In the new economy, you will see cloud, mobility, cognitive/artificial intelligence, IoT, augmented virtual reality and digital transformations fueled by these technologies. According to Frank Gens, IDC SVP and chief analyst, “We are at an inflection point. Over the next three to four years, digital transformation efforts will no longer be projects, initiatives, or special business units for most enterprises. They will become the core of what industry leaders do and how they operate. In effect, every growing enterprise — no matter its age or industry — will become a ‘digital native’ in the way its executives and employees think and how they operate.”
The 2017 IDC FutureScape for the worldwide IT industry identifies ten strategic IT industry shifts that executives need to understand and act on in order to compete and win in the DX economy. You should review the predictions and see how your company goals and objectives line up. If they are out of sync, it may be your chance to make some changes to remain competitive in the marketplace.
Here is a look at the top ten predictions:
- By 2020, 50% of the Global 2000 will see the majority of their business depend on their ability to create digitally enhanced products, services and experiences.
- By 2019, third platform technologies and services will drive nearly 75% of IT spending – growing at twice the rate of the total IT market.
- By 2020, 67% of all enterprise IT infrastructure and software spending will be for cloud-based offerings.
- By 2019, 40% of all digital transformation initiatives – and 100% of all effective IoT efforts – will be supported by cognitive/AI capabilities.
- In 2017, 30% of consumer-facing Global 2000 companies will experiment with AR/VR as part of their marketing efforts.
- By 2018, the number of Industry Collaborative Clouds (ICCs) will triple to more than 450; by 2020, over 80% of the Global 500 will be digital services suppliers through ICCs. (ICCs are cloud-based platforms through which multiple companies in an industry collaborate in some fashion toward a common goal, such as improving industry insight and/or capability.)
- By the end of 2017, over 70% of the Global 500 will have dedicated digital transformation/innovation teams.
- By 2020, over 70% of cloud services providers’ revenues will be mediated by channel partners/brokers.
- By 2020, all enterprises’ performance will be measured by a demanding new set of DX-driven benchmarks, requiring 20-100% or better business performance.
- By 2020, one third of health/life sciences and consumer product companies will begin to develop the first wave of products and services tightly integrating third platform technologies with the human body; “Augmented Humanity” offerings go mainstream in the mid-2020s.
We can’t predict the future, because there are always new technologies that are being developed and it’s difficult to keep up with them and their ramifications. Referring to the “IDC FutureScape: Worldwide IT Industry 2017 Top 10 Predictions” report will give you a leg up over the competition if you seriously consider what the analysts are saying and how it might affect your business in the near future.
If you would like additional information about 2017 predictions or how Arrow can help you align your business to today’s market, please contact your Arrow representative.