IDC FutureScape: Worldwide Future of Digital Innovation 2023 Predictions

IDC FutureScape Figure

• Figure: IDC FutureScape: Worldwide Future of Digital Innovation 2023 Top 10 Predictions

Executive Summary

IDC FutureScape Predictions

• Summary of External Drivers

• Predictions: Impact on Technology Buyers

• Prediction 1: By 2024, the Top 5 Companies in Each Sector Will Be Those That Used Technology to Innovate Their Way Out of a Global Crisis Such as Recession or Supply Chain Disruption

• Associated Drivers

• IT Impact

• Business Impact

• Guidance

• Prediction 2: By 2026, 10% of Companies Will Successfully Incentivize Consumers to Share Closely Held Data to Devise Nontraditional Offerings, Improve Customer Experience, and Grow Market Share

• Associated Drivers

• IT Impact

• Business Impact

• Guidance

• Prediction 3: By 2024, 35% of Businesses That Build Innovative Algorithms to Glean Intelligence from Unique Data Sets Will Deliver Successful New Product Offerings and Pricing Models and Tap New Customer Segments

• Associated Drivers

• IT Impact

• Business Impact

• Guidance

• Prediction 4: By 2028, New Efficiencies Will Allow Developers to Increase the Share of Time They Spend on Innovation from 25% of Their Development-Related Work to 75%

• Associated Drivers

• IT Impact

• Business Impact

• Guidance

• Prediction 5: By 2028, Recurring Revenue from Smart Products Will Make Up 65% of Revenue for Companies That Sell "Dumb" and "Smart" Versions of the Same Products

• Associated Drivers

• IT Impact

• Business Impact

• Guidance

• Prediction 6: By 2026, 75% of Market Leaders Will Have Systemic, Structured Digital Innovation Programs and Investments That Support Ongoing Iterative Innovation, Enabling Growth, Scale, Agility, and Resilience

• Associated Drivers

• IT Impact

• Business Impact

• Guidance

• Prediction 7: By 2026, Companies That Share Data with Business Partners to Leverage Their Collective Data Sets for New Revenue Potential Will Grow Revenue 10% Faster than Those That Don't

• Associated Drivers

• IT Impact

• Business Impact

• Guidance

• Prediction 8: 85% of CEOs of the G2000 Will Demand Senior Leaders Deliver Data-Driven Insight into Innovation Activity Including Developer Efficiency and Business Outcomes by 2025

• Associated Drivers

• IT Impact

• Business Impact

• Guidance

• Prediction 9: In 2027, the Share of Non-Technology-Focused People in Companies Who Will Spend 10 Hours or More a Week Contributing to Digital Innovation Will Grow from 5% Today to 45%

• Associated Drivers

• IT Impact

• Business Impact

• Guidance

• Prediction 10: In 2028, 15 Large Companies Will Make Headlines for Using Digital Technologies to Manipulate Customer Experiences to Spur Upgrades and Replacements

• Associated Drivers

• IT Impact

• Business Impact

• Guidance

Advice for Technology Buyers

External Drivers: Detail

• Storms of Disruption — Accelerating, Interconnected Uncertainty

• Global Supply Shock — Refocusing on Multisource and Resilience

• Digital Business — Stepping Stone to the Future Enterprise

• Meaningful Intelligence — Differentiated Decision Power

• Ecosystem-Based Innovation — Driving Enterprise Value

• Work Mode Upheaval — New Models and Leadership

• Everything as a Service — Thriving Through the Change

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• Related Research