IDC Reveals Worldwide CIO Agenda 2019 Predictions
November 1, 2018 | IDCEstimated reading time: 3 minutes
In the multiplied innovation economy, enterprises are racing to reinvent themselves as the pace of digital transformation (DX) becomes exponential. The most effective CIOs are reinventing IT from top to bottom and creating new digital platforms with agile connectivity while modernizing and rationalizing to jettison the ballast of obsolete systems. To support CIOs in their race to reinvention, IDC today unveiled the IDC FutureScape: Worldwide CIO Agenda 2019 Predictions (Doc #US44390218). These predictions provide a strategic context that will enable CIOs to lead their organizations through a period of multiplied innovation and disruption over the next five years. They also lay out IDC's vision for the ten most important shifts that will happen in IT organizations over the next 60 months and will help senior IT executives in the formation of their strategic IT plans.
"In a multiplied innovation economy built on emerging technologies, CIOs must reinvent the IT organization to enable their enterprise to take advantage of the most powerful wave of the digital transformation. They must also reinvent customer, employee, and partner experiences to strengthen trust and resilience, while learning to live with and manage risks posed by AI and machine learning (ML) by reinventing IT governance. Moreover, they need to reinvent IT leadership, by orchestrating armies of bots and automated processes in addition to leading people. CIOs are reinventing IT through IT transformation (ITX)," said Serge Findling, vice president of Research for IDC's IT Executive Programs (IEP).
The predictions from the IDC FutureScape for Worldwide CIO Agenda are:
-
Prediction 1: By 2021, driven by LOB needs, 70% of CIOs will deliver "agile connectivity" via APIs and architectures that interconnect digital solutions from cloud vendors, system developers, start-ups, and others.
-
Prediction 2: Compelled to curtail IT spending, improve enterprise IT agility, and accelerate innovation, 70% of CIOs will aggressively apply data and AI to IT operations, tools, and processes by 2021.
-
Prediction 3: By 2022, 65% of enterprises will task CIOs to transform and modernize governance policies to seize the opportunities and confront new risks posed by AI, ML, and data privacy and ethics.
-
Prediction 4: Through 2022, 75% of successful digital strategies will be built by a transformed IT organization, with modernized and rationalized infrastructure, applications, and data architectures.
-
Prediction 5: By 2020, 80% of IT executive leadership will be compensated based on business KPIs and metrics that measure IT's effectiveness in driving business performance and growth, not IT operational measures.
-
Prediction 6: By 2020, 60% of CIOs will initiate a digital trust framework that goes beyond preventing cyberattacks and enables organizations to resiliently rebound from adverse situations, events, and effects.
-
Prediction 7: By 2022, 75% of CIOs who do not shift their organizations to empowered IT product teams to enable digital innovation, disruption, and scale will fail in their roles.
-
Prediction 8: Through 2022, the talent pool for emerging technologies will be inadequate to fill at least 30% of global demand and effective skills development and retention will become differentiating strategies.
-
Prediction 9: By 2021, 65% of CIOs will expand agile/DevOps practices into the wider business to achieve the velocity necessary for innovation, execution, and change.
-
Prediction 10: By 2023, 70% of CIOs who cannot manage the IT governance, strategy, and operations divides between LOB-dominated edge computing, operational technology, and IT will fail professionally.
IDC FutureScapes present information about technologies, markets, and ecosystems that help CIOs better understand future trends and their impacts on the enterprise. They also present guidance on complex, fast-moving environments and offer prescriptive, actionable recommendations. Every year, IDC identifies the key external drivers that will influence businesses in the coming years. A FutureScape establishes ten predictions derived from these drivers, analyzes the impacts on the IT organization, and proposes recommendations for the next five years.
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
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. IDC helps IT professionals, business executives, and the investment community make fact-based decisions on technology purchases and business strategy. More than 1,100 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries worldwide. For more than 50 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a wholly-owned subsidiary of IDG, the world's leading technology media, research, and events company.
Suggested Items
ERI Brings AI and Robotics Driven ITAD Services to Northeast Region
10/25/2024 | BUSINESS WIREERI, the nation’s largest fully integrated IT and electronics asset disposition (ITAD) provider and cybersecurity-focused hardware destruction company, now maintains eight state-of-the-art e-waste recycling facilities, including its state-of-the-art location in Holliston, Massachusetts.
Highlights of the ICT 50th Anniversary Symposium
10/24/2024 | Pete Starkey, I-Connect007Why does it always rain when I attend these events? Temperatures were dropping, daylight was shrinking, and there were seasonal colour changes in wet hedgerows as I travelled to Gloucestershire for the 50th Anniversary Symposium of the Institute of Circuit Technology at Puckrup Hall near Tewkesbury in mid-October. It was a memorable occasion: Nostalgic for my contemporaries who remembered our industry at its most prosperous, technically outstanding in the quality and significance of presentations to an attentive audience of printed circuit professionals, and complemented by the sharing of ideas, information, and trade gossip within a friendly community at the evening gathering.
MKS’ Atotech and ESI to Participate at TPCA Show & IMPACT Conference 2024
10/23/2024 | MKS Instruments, Inc.MKS Instruments, Inc., a global provider of enabling technologies that transform our world, today announced that its strategic brands ESI (laser systems) and Atotech (process chemicals, equipment, software, and services) will showcase their latest range of leading manufacturing solutions for printed circuit board (PCB) and package substrate manufacturing at the upcoming 25th Taiwan Circuit Board Industry International Exhibition 2024 to be held at the Taipei Nangang Exhibition Center from 23-25 October 2024.
Koh Young Technology Showcasing its Inspection Solutions at electronica and SEMICON Europa
10/22/2024 | Koh Young TechnologyKoh Young Technology, the global leader in True 3D measurement-based inspection solutions, will demonstrate its award-winning inspection solutions at Messe München on November 12-15, 2024.
CACI Awarded $805 Million Task Order to Provide Engineering Support and Technology to U.S. Navy’s NavalX Office
10/22/2024 | CACI International Inc.CACI International Inc announced that it has been awarded a five-year task order valued at up to $805 million to provide engineering support and technology to the U.S. Navy’s NavalX Office under the Department of Defense Information Analysis Center’s (DoD IAC) multiple-award contract (MAC) vehicle.