Product Code: US46880818
This IDC study provides IDC's top 10 predictions for digital transformation for 2021."Even though we are experiencing 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. Organizations with new digital business models at their core that are successfully executing their enterprisewide strategies on digital platforms are well positioned for continued success in the digital platform economy," according to Shawn Fitzgerald, research director, Worldwide Digital Transformation Strategies. "Our 2021 digital transformation predictions represent areas of notable opportunity to differentiate your own digital transformation strategic efforts."
IDC FutureScape Figure
Executive Summary
IDC FutureScape Predictions
- Summary of External Drivers
- Predictions: Impact on Technology Buyers
- Prediction 1: The Economy Remains on Its Digital Destiny with 65% of Global GDP Digitalized by 2022 and Will Drive over $6.8 Trillion of Direct DX Investments for 2020-2023
- Associated Drivers
- IT Impact
- Guidance
- Prediction 2: By 2023, 75% of Organizations Will Have Comprehensive Digital Transformation Implementation Road Maps, from 27% Today, Resulting in True Transformation Across All Facets of Business and Society
- Associated Drivers
- IT Impact
- Guidance
- Prediction 3: 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
- Associated Drivers
- IT Impact
- Guidance
- Prediction 4: 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
- Associated Drivers
- IT Impact
- Guidance
- Prediction 5: 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
- Associated Drivers
- IT Impact
- Guidance
- Prediction 6: 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
- Associated Drivers
- IT Impact
- Guidance
- Prediction 7: 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
- Associated Drivers
- IT Impact
- Guidance
- Prediction 8: To Thrive in a Digital Supremacy Economy, 50% of Enterprises Will Implement the Organizational Culture Optimized for DX in 2025, Based on Customer Centric and Data Driven
- Associated Drivers
- IT Impact
- Guidance
- Prediction 9: 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
- Associated Drivers
- IT Impact
- Guidance
- Prediction 10: By 2023, 60% of G2000 Companies Will Build Their Own Business Innovation Platform to Support Innovation and Growth in the New Normal
- Associated Drivers
- IT Impact
- Guidance
Advice for Technology Buyers
External Drivers: Detail
- Accelerated Disruption - Crisis, Resilience, and Opportunity
- Strategic Innovation - Shaping the Future Enterprise Today
- The Next Normal - Adaptive Business and Operating Models
- Intelligence Everywhere - Data Drives Action
- Digital Platform - Ecosystems at Scale
- Customer Engagement Redefined - Safe, Secure, and Sustainable Digital Experience
- Work Transformation - Redefining Teams, Skills, and Leadership
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