Tips to Take Advantage of Emerging Markets for Future Growth
Recently, International Data Corporation (IDC) hosted the Web conference, IDC FutureScape: Worldwide CIO Agenda 2015 Predictions, where analysts offered insights and perspectives on future industry and market trends. At the event, they announced the following predictions to help organizations take advantage of potential opportunities:
- “By 2017, 80% of the CIO’s time will be focused on analytics, cybersecurity, and creating new revenue streams through digital services.
- By 2016, 65% of global competitive strategies will require real-time 3rd Platform IT-as-a–Service (ITaaS).
- By 2016, security will be a top 3 business priority for 70% of CEOs of global enterprises.
- By 2015, 60% of CIOs will use DevOps as their primary tool to address the speed and sprawl of mobile, cloud, and open source applications.
- By 2016, 80% of CIOs will deliver a new architectural framework that enables innovation and improved business decision making.
- By 2020, 60% of CIOs in global organizations will be supplanted by the Chief Digital Officer (CDO) for the delivery of IT-enabled products and digital services.
- By 2016, 80% of CIOs will accelerate 3rd Platform migration to counter premature obsolescence of current IT assets.
- By 2018, 30% of CIOs of global organizations will have rolled out a pan-enterprise data and analytics strategy.
- By 2017, 35% of vendor sourcing relationships around 3rd Platform technologies will fail, causing CIOs to roll out new sourcing processes.
- By 2018, 50% of CIOs will relinquish IT’s traditional mode of technology control in favor of an open standards-based framework.”
Related: Is Big Data Improving the Customer Experience at Your Business?
Are You Ready for Future, Emerging Markets?
What do you think of this list, and how are you going to take advantage of emerging markets for future growth?
In his review of these predictions, Louis Columbus in Forbes states that, “IDC sees the shift to a service paradigm in IT accelerating, along with a greater reliance on partners, clouds and global sourcing through 2017.”
This makes sense. After all, IDC’s list emphasizes the ability to innovate and create new revenue streams quickly and easily, especially in the area of digital-services delivery. And this needs to be done in an architectural framework that makes it possible to access, monitor and interact with all computers and devices involved while maintaining the highest security possible.
Can your current system do this? If not, it’s time to “accelerate 3rd Platform migration” as the list suggests.
With a fundamental architecture that provides collaboration, flexibility, automation, security, and more, you can future proof your business and have a competitive edge. A cloud infrastructure with a set of pre-integrated solutions operating on one, holistic data model can give you what you need. By replacing fragmented, legacy systems now, you can save money and time. But more important, you can prepare your organization for the future.
How? With a secure, modernized infrastructure and private cloud, you can achieve a scalable and highly competitive SAAS model instantly to innovate and deliver enterprise applications within weeks. Plus, you can streamline information and easily collect valuable data on an enterprise-wide level to develop new, revenue channels.
It’s time to stop making excuses and ignoring the facts. Industry trends, regulations, safety threats, and consumer needs will change drastically in the months and years ahead. If your current system restricts innovation, slows delivery-processes and has security issues, you will not be able to keep up with customer demands, and the competition will devour you.
Instead, plan for the future and prepare your infrastructure so that you can develop new, digital products and services your customers want, meet industry requirements and keep data secure. You’ll save time, money and hassle and create a thriving business for years to come.
What are you going to do today to take advantage of future trends and emerging markets?
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