IDC FutureScape: Worldwide Digital Business Strategies 2023 Predictions

IDC FutureScape Figure

• Figure: IDC FutureScape: Worldwide Digital Business Strategies 2023 Top 10 Predictions

Executive Summary

IDC FutureScape Predictions

• Summary of External Drivers

• Predictions: Impact on Technology Buyers

• Prediction 1: Spending on Digital Technology by Organizations Will Grow at Eight Times the Economy in 2023, Establishing a Foundation for Operational Excellence, Competitive Differentiation, and Long-Term Growth

• Associated Drivers

• IT Impact

• Guidance

• Prediction 2: By 2026, 40% of Total Revenue for G2000 Organizations Will Be Generated by Digital Products, Services, and Experiences

• Associated Drivers

• IT Impact

• Guidance

• Prediction 3: The Number of Tech Providers in the G500 Will Double by 2027, Incorporating Businesses That Originated Outside of the Tech Industry

• Associated Drivers

• IT Impact

• Guidance

• Prediction 4: By 2024, 50% of G2000 CEOs Will Establish Strategic Personal Relationships with Their Cloud Providers to Achieve Quantifiable Outcomes from Digital Business Platform Investments

• Associated Drivers

• IT Impact

• Guidance

• Prediction 5: By 2027, Organizations with Highly Developed Industry Value Chains on an Ecosystem Control Plane Will Innovate 25% Faster than Other Businesses

• Associated Drivers

• IT Impact

• Guidance

• Prediction 6: By 2027, Enterprises That Collect, Analyze, and Contextualize Customer Data in a Trustworthy Way Will Successfully Build Creative Business and Pricing Models That Double Customer Lifetime Value

• Associated Drivers

• IT Impact

• Guidance

• Prediction 7: By 2024, a Quarter of Organizations Worldwide Will Demonstrate Responsible Leadership by Increasing Their Sustainability-Related Digital Tech Spend by More than 25% from 2022 Levels

• Associated Drivers

• IT Impact

• Guidance

• Prediction 8: With the Majority of Technology Budgets Residing with LOB, by 2027, 30% of the Expertise in the C-Suite Will Shift from Encouraging Innovation to Scaling Innovation and Operating Digital Businesses

• Associated Drivers

• IT Impact

• Guidance

• Prediction 9: By 2026, 80% of Organizations Will Accurately Quantify the Value of Their Digital Capabilities/Assets (Data, Algorithms, and Software Code) and Significantly Improve Their Market Valuation

• Associated Drivers

• IT Impact

• Guidance

• Prediction 10: By 2026, Enterprises That Did Not Effectively Address the Talent and Digital Skills Gap in Their Organization Will Constrain Revenue Growth Opportunities by 20%

• Associated Drivers

• IT Impact

• Guidance

Advice for Technology Buyers

External Drivers: Detail

• Digital Business — Stepping Stone to the Future Enterprise

• Meaningful Intelligence — Differentiated Decision Power

• Ecosystem-Based Innovation — Driving Enterprise Value

• Mainstream ESG — Sustainability Is Measured and Mandatory

• Work Mode Upheaval — New Models and Leadership

• Everything as a Service — Thriving Through the Change

• Storms of Disruption — Accelerating, Interconnected Uncertainty

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• Related Research