Utilities are facing challenges in their transformation journey. They need to overcome siloed initiatives by integrating and orchestrating change across the organization. They need to strengthen weak road maps, which are responsible for the transformation deadlock. They must close their talent gap and overcome their inability to scale up innovation. Finally, they need to introduce new sets of key performance indicators (KPIs). This journey is neither easy nor painless, but if they will do it right, they will deliver value to customers, employees, shareholders, and society.
We’re experiencing unprecedent disruption in how businesses operate, driven largely by changes in customer expectations and behavior. For organizations with the cultural fortitude to capitalize on the trends presented in IDC’s FutureScape report, “IDC FutureScape: Worldwide Cloud 2019 Predictions”, the next four to five years offer the opportunity to dramatically improve performance, while the less able and willing struggle to retain customers and margin. These predictions are discussed in greater detail within the IDC FutureScape report, along with our assessment of their IT impact and our recommendations for how organizations should approach these initiatives. For a sample of predictions plus IT Impact and recommendations, visit the web conference link mentioned at the end of this blog.
Never before have there been more changes to tools, processes, and deployment environments happening in parallel. If the shift from on-premises to off-premises computing was not enough, few existing applications will become digital-native applications without dramatic updates. We will end up leaving some venerable applications behind, but we can also expect a broad range of exciting new applications — some of them bordering on scary smart — in the next five years.
This blog lists the top 10 worldwide predictions for manufacturing product and service innovation. These technology predictions are meant to help the enterprise with strategic planning within a typical five-year business planning cycle.
With direct digital transformation (DX) investment spending of $5.9 trillion over the years 2018 to 2021, this topic continues to be a central area of business leadership thinking.
IDC’s 2019 DX predictions represent our perspective on the major transformation trends we expect to see over the next five years — based on our almost 800 business use cases spanning 16 industries and 8 functional areas, our DX spending guides showing where industry is both prioritizing digital investments, and where we expect to see the largest growth in 3rd Platform and innovation accelerator technologies.
The 2019 worldwide health industry predictions offer insight into the future of the health industry as it is being transformed in the new digital era. The future belongs to visionary leaders and forward-thinking organizations that are able to break the shackles of legacy systems and accelerate mastering digital-first strategies. The thrivers will be those that champion data-driven, experiential, and personalized approaches through health IT.
Mobility has become such an underlying component of daily life, enterprise computing, and business operations, it can be difficult for IT decision makers to imagine what new device, application, security, and market developments will look like in the near and long term. As the mobility market matures, IDC’s mobility team is looking ahead to technologies such as AI, AR/VR, blockchain, advanced security features, and new delivery and service models, and how these developments will reshape the acquisition, deployment, and management of mobile technology in the enterprise.
The 10 predictions from IDC’s inaugural corporate banking study are reflective of a major change underway in the sector as digitalization and internal DX escalate, while cognitive, connective, and analytical technologies develop in cloud, AI, and DLT fields. Meanwhile, the open banking and API trend promises new front-end, data-centric tools in the pricing of loans, trade finance, instant-payment route analytics, liquidity alerts, and so on, plus new services and market entrants. The pace of change will reach an inflection point in the next five years.
Most companies will choose to engage a service firm to help fulfill their IT and business aspirations but will be seeking new ways of contracting, new types of capabilities, and new delivery models in the years ahead. These preferences will heavily impact the way that service firms come to market, invest, and transform themselves to be better and more effective partners
Ecosystem-led growth is often mentioned as the future of the economy, and manufacturing is no exception. Driven by several business, economic, technological, and competitive reasons, manufacturers are looking for innovative business models to ensure sustainable growth and profitability. The overarching themes in our worldwide manufacturing ecosystems 2019 predictions are: