The global economy may be slowing again. A trade war between the US and its largest trading partners is threatening to disrupt short-term projections for the second half of 2018 and 2019. Even if the current tensions give way to new trade agreements in the interests of stability, most economists expect the US economy to post a contraction by 2020, as interest rates increase and cyclical factors come into play. Historically, the US economy is overdue for a contraction, having posted a long streak of growth since 2009.
This past Spring, I spoke with numerous digital leaders who are feeling distraught. They know what needs to be done but feel a lack of empowerment. Either their CEO is not making the difficult organizations moves, or their organization has multiple strategies, or their investors are taking a short-term view when it comes to funding decisions. These are some of the challenges they feel they cannot overcome on their own.These digital leaders are distraught because they sense their organization is wavering on digital. At the same time, they see other organizations going all in with digital and overcoming these issues – they see their digital determination.
Read this blog for an overview on where the conversation surrounding the massive DX Spending trend is taking us — to a more granular and focused discussion, in which the size of the market is far more relevant. Learn why those that speak of DX only in the context of business model change are missing the mark.
Unlike a few years ago, U.S. federal civilian agencies are not seeing double-digit annual growth in information technology spending. But moderate growth is still underway. Some of these spending increases are happening because agencies face significant ongoing expenses related to maintaining legacy systems.