Speaking on a recent webinar entitled, “IDC FutureScape: Worldwide IT Industry 2017 Predictions,” IDC Senior Vice President and Chief Analyst, Frank Gens, revealed the research firm’s top ten trends these analysts predict will impact companies this coming year and beyond.
“We are at a pivotal time in the IT and every industry as the digital transformation or DX economy rises over the next 36 months,” said Gens. ”We’ll see new digital services and smart connected products transform every industry, driving materially higher growth than traditional product and service lines, and enabling exciting new scale and pace of innovation in supply chains, distribution networks and customer engagement.”
IDC: We’ll see new digital services and smart connected products transform every industry.
In IDC’s nomenclature, DX refers to the application of digital technologies that fundamentally change business and the world at-large. It is the source of innovation and creativity for new business models, enhanced experiences, and improved financial performance. The third platform refers to cloud, social, big data and mobile technologies.
IDC’s top ten 2017 predictions: third platform techologies, cloud, virtual reality, and artificial intelligence
1. By 2020, 50 percent of the G2000 will see the majority of their business depend on their ability to create digitally enhanced products, services, and experiences, and improved financial performance. The third platform refers to cloud, social, big data and mobile technologies.
2. By 2019, third platform technologies and services will drive nearly 75 percent of IT spending — growing at twice the rate of the total IT market
3. By 2020, 67 percent of all enterprise IT infrastructure and software spending will be for cloud-based offerings; the cloud will morph to become distributed, trusted, intelligent, industry-focused, and channel mediated.
4. By 2019, 40 percent of all digital transformation initiatives, and 100 percent of all effective IoT efforts, will be supported by cognitive/AI capabilities.
5. In 2017, 30 percent of consumer-facing G2000 companies will experiment with augmented reality/virtual reality as part of their marketing efforts.
6. By 2018, the number of industry collaborative clouds will triple to more than 450; by 2020, over 80 percent of the G500 will be digital services suppliers through Industry Cloud Councils.
7. By year-end 2017, over 70 percent of the G500 will have dedicated digital transformation and innovation teams.
8. By 2020, over 70 percent of cloud services providers’ cloud revenue will be mediated by channel partners/brokers.
9. By 2020, all enterprises’ performance will be measured by a demanding new set of DX-driven benchmarks, requiring 20 to 100 percent better business performance.
10. By 2020, one-third of health/life sciences and consumer products companies will begin to develop the first products and services tightly integrating third platform technologies with the human body; “augmented humanity” offerings will be mainstream in the mid-2020s.
This story originally appeared on Forbes.
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