target audience: TECH SUPPLIER Publication date: Nov 2024 - Document type: Market Presentation - Doc Document number: # US52713524
The Proliferation of Digital Business Platforms in the Enterprise: A Concise Exploration of the Benefits and Opportunities Presented by Digital Platforms
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Abstract
This IDC Market Presentation examines the proliferation of digital business platforms.
The expanding value of digital business platforms is driven by organizations' need to adapt to rapidly evolving market dynamics and emerging technologies. Digital platforms are essential for operational efficiency and greater productivity. According to IDC's May 2024 Future Enterprise Resiliency and Spending (FERS) Survey, digital platform adoption is accelerating, with two-thirds of businesses leveraging these platforms for various functions. Large organizations find digital platforms particularly appealing for enhancing security, workflow automation, and business agility through modular structures and an API-first architecture. However, the value goes beyond efficiency and productivity as the platform provides a coherent foundation to leverage vast stores of enterprise data and advanced AI to manifest the next wave of business transformation.