SINGAPORE: IDC has unveiled its top predictions for the Asia Pacific region, with the exception of Japan (APeJ), at the IDC Asia/Pacific Futurescapes 2019 held at the Singapore Marriott Tang’s Plaza Hotel. The event is one of ICT’s biggest thought leadership events every year where IDC unveils its top 10 predictions for ICT and industries for the next 36 months. This year, IDC shared that it predicts that at least 55 percent of organisations will be digitally determined by 2020, transforming markets and reimagining the future through new business models and digitally enabled products and services. Digitally determined organisations demonstrate the ability to vision, plan, and operationalise DX through ambition, grit, discipline, commitment and hard work. Ultimately, all digital determined organisations aspire to become Digital Native Enterprises (DNE) which are defined by IDC as an entity that can scale its business and innovate at a pace that is an order of magnitude greater than traditional businesses.
“To be one of the digitally determined, Asia/Pacific organisations requires more than tenacity; it requires a blueprint that consists of a single enterprise strategy, resoluteness to make required organisational and cultural changes, a long investment strategy based on the principle that digital is inherently valuable to the business; and should have a single digital platform to scale technology innovations,” said Sandra Ng, Group Vice President for ICT Practice at IDC Asia/Pacific.
According to Ng, the top predictions that will impact the ICT industry and both technology buyers and suppliers in Asia/Pacific in the next 36 months are:
#1: Digital determination: By 2020, at least 55 percent of organisations will be digitally determined, transforming markets and reimagining the future through new business models and digitally enabled products and services.
#2: Data monetization: By 2020, 60 percent of large enterprises will create data management or monetization capabilities, thus enhancing enterprise functions, strengthening competitiveness, and creating new sources of revenue.
#3: Digital KPIs: By 2023, 80 percent of entities will have incorporate new digital KPI sets – focusing on product/service innovation rates, data capitalisation, and employee experience – to navigate the digital economy.
#4: Digital twin: By 2020, 30 percent of A1000 companies will have implemented advanced digital twins of their operational processes which will enable flatter organisations and one third fewer knowledge workers.
#5: Agile connectivity: By 2021, driven by LoB needs, 60 percent of CIOs will deliver “agile connectivity” via APIs and architectures that interconnect digital solutions from cloud vendors, system developers, startups, and others.
#6: Blockchain-enabled DX platforms: By 2021, prominent in-industry value chains, enabled by blockchains, will have extended their digital platforms to their entire omni-experience ecosystems, thus reducing transaction costs by 35 percent.
#7 BizOps: By 2021, 45 percent of CIOs will expand agile/ DevOps practices into the wider business to achieve the velocity necessary for innovation, execution, and change.
#8 AI-driven edge: By 2022, over 30 percent of organisations’ cloud deployments will include edge computing, and 25 percent of endpoint devices and systems will execute AI algorithms.
#9 Digital trust: By 2020, 55 percent of CIOs will initiate a digital trust framework that goes beyond preventing cyberattacks and enables organisations to resiliently rebound from adverse situations, events, and effects.
#10 AI-based IT Operations: Compelled to curtail IT spending, improve enterprise IT agility, and accelerate innovation, 60 percent of CIOs will aggressively apply data and AI to IT operations, tools, and processed by 2021.
Ng concludes, “AI is creating a new paradigm for individuals, businesses, industries, economies and governments. It is shaping the future of intelligence in organisations and in workers. To this end, IDC predicts that by 2025, 60 percent of frontline connected devices will be voice-enabled, with a smart assistant, and able to control 80 percent of devices deployed in consumer and enterprise settings. Voice is increasingly influencing the way we work, live, learn and play. The race to the future enterprise has begun. No one and no entity will be spared of the need to at least reset or reboot, if not reinvent. Reinvention is the new black!”AI
These strategic predictions for the Asia/Pacific market are presented in full in the following reports: IDC FutureScape: Worldwide IT Industry 2019 Predictions – APeJ Implications; IDC FutureScape: Worldwide Digital Transformation (DX) 2019 Predictions – APeJ Implications; and IDC FutureScape: Worldwide CIO Agenda 2018 Predictions – APeJ Implications.
To learn more about other IDC FutureScape reports on the latest technology and industry predictions for WW and the Asia/Pacific region, please visit the FutureScapes Reports Library.
IDC has also prepared a FutureScape webinar series, which provides a crisp guidance to all executive parties on how to lead one’s Digital Transformation strategy on various technology and vertical topics. To register for these webinars, click here.
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