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IDC Predictions on Digital Transformation in 2017

Thu, Jan 12 2017 | Author: PT. Central Data Technology

Like it or not, ready or not, digital transformation is coming closer to your business. According to CIO, digital transformation can be defined as the acceleration of business activities, processes, competencies, and models to fully leverage the changes and opportunities of digital technologies and their impact in a strategic and prioritized way.

Recently, IDC has released its 2017 predictions on digital transformations. IDC said that digital transformation is a technology centric transformation that will change the fundamentals of business and society.

Here are IDC's ten predictions on digital transformation that was released in IDC FutureScape: Worldwide Digital Transformation 2017 Predictions report.

1. By 2020, one-third of CEOs and COOs of Global 2000 companies will have spent at least five years of their career in a technology leadership role.

2. By 2018, companies investing in IoT-based operational sensing and cognitive-based situational awareness will see 30% improvements in the cycle times of impacted critical processes.

3. By 2020, nearly 20% of operational processes will be self-healing and self-learning, minimizing the need for human intervention or adjustments.

4. By 2017, the top 20% of industry leaders will develop the ability to allow customers to build custom product and service bundles, giving the customer direct control over the experience.

5. By 2019, 5% of revenue will come through interaction with a customer's digital assistant.

6. By the end of 2017, revenue growth from information-based products will be double that of the rest of the product/service portfolio for one-third of Global 2000 companies.

7. By 2020, half of the Global 2000 will be connected to open and automated information exchanges to enable rapid provisioning of data services for governance and product development.

8. By 2019, Global 2000 firms will use kickstarter-like methods to allocate capital to 15% of new projects, aiming to increase their new product introduction success rates by over 50%.

9. In 2019, the demand for digital-related services will account for over 70% of all external services growth and 40% of total worldwide services spending.

10. By 2019, 40% of digital transformation initiatives will be supported by cognitive/AI capabilities, providing critical on-time insights for new operating and monetization models.