IDC Reveals 2021 Worldwide Digital Transformation Predictions; 65% of Global GDP Digitalized by 2022, Driving Over $6.8 Trillion of Direct DX ...
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IDC Reveals 2021 Worldwide Digital Transformation Predictions; 65% of Global
GDP Digitalized by 2022, Driving Over $6.8 Trillion of Direct DX Investments from
2020 to 2023
Accelerated DX investments create economic gravity as
companies build on existing strategies and investments,
becoming digital-at-scale future enterprises
FRAMINGHAM, Mass., October 29, 2020 – As the top
digital transformation (DX) market research firm in the
world, International Data Corporation (IDC) today unveiled
IDC FutureScape: Worldwide Digital Transformation 2021
Predictions (IDC #US46880818). According to the new report,
despite a global pandemic, direct digital transformation (DX)
investment is still growing at a compound annual growth
rate (CAGR) of 15.5% from 2020 to 2023 and is expected
to approach $6.8 trillion as companies build on existing
strategies and investments, becoming digital-at-scale future
enterprises.
In a webinar today, IDC analysts Bob Parker and Shawn
Fitzgerald discussed the key predictions that will impact CIOs
and IT professionals with regards to digital transformation
over the next one to five years and offered guidance for
managing the implications these predictions harbor for IT
investment priorities and implementation strategies. To
register for an on-demand replay of this webinar or any of the
IDC FutureScape webinars, please visit https://www.idc.com/
events/futurescape.
• Click t o Tweet : IDC Reveals Top 10 Predictions for #DigitalTransformation.
Register for the webinar to learn more: https://bit.ly/35sk4mi
The predictions from the IDC FutureScape for Worldwide
Digital Transformation are:
• Prediction 1: Accelerated DX Investments Create Economic Gravity. The
economy remains on course to its digital destiny with 65% of global GDP
- 1-digitalized by 2022 and will drive over $6.8 trillion of direct DX investments
from 2020 to 2023.
• Prediction 2: Digital Organization Structures and Roadmaps Mature. By
2023, 75% of organizations will have comprehensive digital transformation
(DX) implementation roadmaps, up from 27% today, resulting in true
transformation across all facets of business and society.
• Prediction 3: Digital Management Systems Mature. By 2023, 60% of leaders
in G2000 organizations will have shifted their management orientation from
processes to outcomes, establishing more agile, innovative, and empathetic
operating models.
• Prediction 4: The Rise of the Digital Platform and Extended Ecosystems.
By 2025, driven by volatile global conditions, 75% of business leaders will
leverage digital platforms and ecosystem capabilities to adapt their value
chains to new markets, industries, and ecosystems.
• Prediction 5: A Digital First Approach. While "digital first" prevails in every
experience, 60% of enterprises will invest heavily in digitalizing employee
experience in 2021, transforming the relationship between employers and
employees.
• Prediction 6: Business Model Reinvention. By 2021, at least 30% of
organizations will accelerate innovation to support business and operating
model reinvention, fast-tracking transformation programs to future-proof their
businesses.
• Prediction 7: Sustainability and DX. By 2022, the majority of companies will
realize greater value by combining digital and sustainability, giving rise to
digitally-driven and sustainably-enabled projects as the de-facto standard.
• Prediction 8: Digitally Native Cultures. To thrive in digital supremacy
economy, 50% of enterprises will implement the organizational culture
optimized for DX in 2025, based on customer-centric and data-driven.
• Prediction 9: Accelerating Digital Experiences. By 2022, 70% of all
organizations will have accelerated use of digital technologies, transforming
existing business processes to drive customer engagement, employee
productivity, and business resiliency.
• Prediction 10: Business Innovation Platforms. By 2023, 60% of G2000
companies will build their own business innovation platform to support
innovation and growth in the new normal.
According to Shawn Fitzgerald,
research director, Worldwide
Digital Transformation Strategies,
"Organizations with new digital
business models at their core
that are successfully executing
their enterprise-wide strategies
on digital platforms are well
positioned for continued success
- 2-in the digital platform economy.
Our 2021 digital transformation
predictions represent areas of
notable opportunity to differentiate
your own digital transformation
strategic efforts."
To learn more about this year's
IDC FutureScape reports and
webinars, please visit: https://
www.idc.com/events/futurescape.
For additional information
about these predictions or
to arrange a one-on-one
briefing, please contact Sarah
Murray at 781-378-2674 or
sarah@attunecommunications.com.
Reports are available to qualified
members of the media. For
information on purchasing
reports, contact insights@idc.com
; reporters should email
sarah@attunecommunications.com.
About IDC FutureScape
IDC FutureScape reports are used
to shape IT strategy and planning
for the enterprise by providing a
basic framework for evaluating IT
initiatives in terms of their value
to business strategy now and
in the foreseeable future. IDC's
FutureScapes are comprised
of a set of decision imperatives
designed to identify a range of
pending issues that CIOs and
senior technology professionals
will confront within a typical five-
year business planning cycle.
About IDC
- 3-International Data Corporation
(IDC) is the premier global
provider of market intelligence,
advisory services, and events
for the information technology,
telecommunications, and
consumer technology markets.
With more than 1,100 analysts
worldwide, IDC offers global,
regional, and local expertise
on technology and industry
opportunities and trends in over
110 countries. IDC's analysis and
insight helps IT professionals,
business executives, and the
investment community to make
fact-based technology decisions
and to achieve their key business
objectives. Founded in 1964,
IDC is a wholly-owned subsidiary
of International Data Group
(IDG), the world's leading tech
media, data and marketing
services company. To learn
more about IDC, please visit
www.idc.com. Follow IDC on
Twitter at @IDC and LinkedIn.
Subscribe to the IDC Blog for
industry news and insights: http://
bit.ly/IDCBlog_Subscribe.
IDC is a subsidiary of IDG, the world’s leading technology
media, research, and events company. Additional information
can be found at www.idc.com. All product and company
names may be trademarks or registered trademarks of their
respective holders.
- 4-For more information contact:
Sarah Murray
sarah@attunecommunications.com
781-378-2674
Michael Shirer
press@idc.com
508-935-4200
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