IDC Reveals Worldwide Digital Transformation Predictions

FRAMINGHAM, Mass.–()–While International Data Corporation (IDC) continues to see large momentum and affect of digital transformation (DX) on know-how spending worldwide, throughout all geographies and industries, 59% of firms stay at both stage two or three of DX maturity, or what IDC calls a “digital impasse.” To assist CIOs and IT professionals efficiently advance their group’s digital maturity, IDC immediately printed IDC FutureScape: Worldwide Digital Transformation 2018 Predictions (Doc #US43154617).

In immediately’s 2:00 p.m. EST Web convention, IDC analysts Robert Parker and Shawn Fitzgerald mentioned the ten trade predictions that can impression CIOs and IT professionals within the worldwide digital transformation trade over the following one to 3 years and supplied steerage for managing the implications these predictions harbor for his or her IT funding priorities and implementation methods. To register for this Web convention on-demand or any of the IDC FutureScape Web conferences, please go to: https://www.idc.com/events/futurescapes.

The 2018 DX predictions are primarily organized in opposition to the 5 pillars of IDC’s digital transformation maturity mannequin: Leadership, Omni-Experience, Information, Operating Model, and WorkSource. In addition, the brand new report features a forecast on DX investments, which helps contextualize these predictions as a part of direct DX funding of $6.three trillion for 2018–2020. Most importantly, the most recent DX predictions present a set of planning assumptions to assist IT executives contemplate how these prognoses would manifest themselves. That imaginative and prescient, mixed with IDC’s future highway maps, will provide a framework for advancing digital maturity.

The predictions from the IDC FutureScape for Worldwide Digital Transformation are:

Prediction 1: By the End of 2019, DX Spending Will Reach $1.7 Trillion Worldwide, a 42% Increase from 2017

Prediction 2: By 2019, All Digitally Transformed Organizations Will Generate at Least 45% of Their Revenue from “Future of Commerce” Business Models

Prediction three: By 2020, Investors Will View Digital Businesses Differently, with Specific Measures Based on Platform Participation, Data Value, and Customer Engagement Accounting for over 75% of Enterprise Valuations

Prediction four: By the End of 2018, at Least 40% of Organizations Will Have a Fully Staffed Digital Leadership Team Versus a Single DX Executive Lead to Accelerate Enterprise-wide DX Initiatives

Prediction 5: By 2019, Personal Digital Assistants and Bots Will Execute Only 1% of Transactions, But They Will Influence 10% of Sales, Driving Growth Among the Organizations That Have Mastered Utilizing Them

Prediction 6: By 2020, in over Half of Global 2000 Firms, Revenue Growth from Information-Based Products and Services Will Be Twice the Growth Rate of the Balance of the Product/Service Portfolio

Prediction 7: By 2020, 85% of New Operation-Based Technical Position Hires Will Be Screened for Analytical and AI Skills, Enabling the Development of Data-Centric DX Projects Without Hiring New Data-Centric Talent

Prediction eight: By 2020, 25% of Global 2000 Companies Will Have Developed Digital Training Programs and Digital Cooperatives to Compete More Effectively in Talent Wars

Prediction 9: By 2019, 40% of Digital Transformation Initiatives Will Be Supported by Cognitive/AI Capabilities, Providing Timely Critical Insights for New Operating and Monetization Models

Prediction 10: By 2020, 60% of All Enterprises Will Have Fully Articulated an Organization-wide Digital Platform Strategy and Will Be within the Process of Implementing That Strategy

According to Shawn Fitzgerald, analysis director, Worldwide Digital Transformation Strategies, IDC, “This year’s DX predictions represent the latest thinking on the key programs, technologies, and processes needed to achieve success in the digital economy as more companies are embracing and engaging their enterprise transformations. While we are seeing more companies becoming more digitally capable, there is a widening gap between leaders and laggards, with significant implications for those organizations that cannot make the transition to a digital-native organization.”

To study extra in regards to the sequence of IDC FutureScapes, please go to: https://www.idc.com/events/futurescapes.

For further details about these predictions or to rearrange a one-on-one briefing, please contact Sarah Murray at 781-378-2674 or sarah@attunecommunications.com. Reports can be found to certified members of the media. For data on buying stories, contact insights@idc.com; reporters ought to e-mail sarah@attunecommunications.com.

About IDC FutureScapes
IDC FutureScapes are used to form IT technique and planning for the enterprise by offering a fundamental framework for evaluating IT initiatives when it comes to their worth to enterprise technique now and within the foreseeable future. IDC’s FutureScapes are comprised of a set of choice imperatives designed to determine a variety of pending points that CIOs and senior know-how professionals will confront throughout the typical three yr enterprise planning cycle.

About IDC
International Data Corporation (IDC) is the premier international supplier of market intelligence, advisory companies, and occasions for the data know-how, telecommunications, and client know-how markets. With greater than 1,100 analysts worldwide, IDC presents international, regional, and native experience on know-how and trade alternatives and traits in over 110 international locations. IDC’s evaluation and perception helps IT professionals, enterprise executives, and the funding group to make fact-based know-how selections and to attain their key enterprise goals. Founded in 1964, IDC is a wholly-owned subsidiary of International Data Group (IDG), the world’s main media, knowledge and advertising companies firm that prompts and engages probably the most influential know-how patrons. To study extra about IDC, please go to www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn.