Are You Ready to Serve the "Digital-First" Enterprise: Hyperspeed, Hyperscale and Hyperconnected?

Terms of use

Terms of Use

The use of this site and the content contained therein is governed by the Terms of Use. When you use this site you acknowledge that you have read the Terms of Use and that you accept and will be bound by the terms hereof and such terms as may be modified from time to time.

All text, graphics, audio, design and other works on the site are the copyrighted works of nasscom unless otherwise indicated. All rights reserved.
Content on the site is for personal use only and may be downloaded provided the material is kept intact and there is no violation of the copyrights, trademarks, and other proprietary rights. Any alteration of the material or use of the material contained in the site for any other purpose is a violation of the copyright of nasscom and / or its affiliates or associates or of its third-party information providers. This material cannot be copied, reproduced, republished, uploaded, posted, transmitted or distributed in any way for non-personal use without obtaining the prior permission from nasscom.
The nasscom Members login is for the reference of only registered nasscom Member Companies.
nasscom reserves the right to modify the terms of use of any service without any liability. nasscom reserves the right to take all measures necessary to prevent access to any service or termination of service if the terms of use are not complied with or are contravened or there is any violation of copyright, trademark or other proprietary right.
From time to time nasscom may supplement these terms of use with additional terms pertaining to specific content (additional terms). Such additional terms are hereby incorporated by reference into these Terms of Use.

Disclaimer

The Company information provided on the nasscom web site is as per data collected by companies. nasscom is not liable on the authenticity of such data.
nasscom has exercised due diligence in checking the correctness and authenticity of the information contained in the site, but nasscom or any of its affiliates or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this site. The information from or through this site is provided "as is" and all warranties express or implied of any kind, regarding any matter pertaining to any service or channel, including without limitation the implied warranties of merchantability, fitness for a particular purpose, and non-infringement are disclaimed. nasscom and its affiliates and associates shall not be liable, at any time, for any failure of performance, error, omission, interruption, deletion, defect, delay in operation or transmission, computer virus, communications line failure, theft or destruction or unauthorised access to, alteration of, or use of information contained on the site. No representations, warranties or guarantees whatsoever are made as to the accuracy, adequacy, reliability, completeness, suitability or applicability of the information to a particular situation.
nasscom or its affiliates or associates or its employees do not provide any judgments or warranty in respect of the authenticity or correctness of the content of other services or sites to which links are provided. A link to another service or site is not an endorsement of any products or services on such site or the site.
The content provided is for information purposes alone and does not substitute for specific advice whether investment, legal, taxation or otherwise. nasscom disclaims all liability for damages caused by use of content on the site.
All responsibility and liability for any damages caused by downloading of any data is disclaimed.
nasscom reserves the right to modify, suspend / cancel, or discontinue any or all sections, or service at any time without notice.

For any grievances under the Information Technology Act 2000, please get in touch with Grievance Officer, Mr. Anirban Mandal at data-query@nasscom.in.

New

See all

No notification found.

Are You Ready to Serve the "Digital-First" Enterprise: Hyperspeed, Hyperscale and Hyperconnected?

Frank Gens

@Frank Gens

December 26, 2019

NTLF Forum 2020

3115

As we get ready for another exciting NASSCOM Technology & Leadership Forum, I’m excited to share IDC’s outlook for 2020 and beyond in the tech industry. We’ve published more than 45 IDC FutureScape predictions documents in the last three months — each focused on a tech sector, industry or executive role. In this post, I’ll share our “uber” predictions: the trends that cut across most of the industry’s many sectors and customer segments. At #NTLF2020, we’ll convene to discuss and debate many of these key trends.

Over the past five years, IDC has documented the rise of the digital economy and the digital transformation that organizations must undertake to compete and survive in this fast-changing economy. We predict that the digital economy is approaching a critical tipping point: by 2023 more than half of all GDP worldwide driven by products and services from digitally transformed enterprises.

A new species of enterprise will be required to compete and thrive in this digital-first economy. Our 2020 predictions outline how enterprises will transform for the digitized economy by accelerating investments in key technologies and new operating models to become hyperspeed, hyperscaled, and hyperconnected organizations.

Here’s a quick flyover of our 2020 predictions:

Companies hasten to innovation. By 2023, over 50% of all IT spending will go toward digital transformation and innovation, up from 31% in 2018, growing at a compound annual rate of 17%. This is a critical milestone: For decades, IT leaders have worked to increase the portion dedicated to innovation, decreasing the large portion spent “keeping the lights on”. In four years, we’ll be there.
Clouds get connected. To compete in the digital-first economy, enterprises must expand their “digital reach”, across all cloud providers and locations. By 2022, 70% of enterprises will integrate their public and private clouds by deploying unified hybrid/multi-cloud management technologies, tools, and processes. Containers will be a key enabling technology. This effort will define a new chapter in the ongoing cloud wars – one defined by a new generation of distributed clouds and multi-cloud management.
Building out the edge. We predict an explosion in edge IT infrastructure and apps, as more edge solutions come to market from tech providers, and as edge services rapidly expand from enhancing customer convenience to supporting critical business activities. By 2023, over 50% of new enterprise infrastructure deployed will be at the edge rather than corporate data centers, up from less than 10% today. By 2024, the number of apps at the edge will increase 800%.
Digital innovation factories. Operating as a software-driven “digital innovation factory” will be at the core of an enterprise’s ability to sustainably differentiate and compete in its own industry. By 2025, nearly two thirds of enterprises will be prolific software producers: with 60% deploying code daily, over 90% of apps cloud-native, 80% of code externally sourced, and 1.6 times more developers than today. This will be the most essential – and difficult – change enterprises will make over the next four years.
Industry apps explosion. By 2023, over 500 million digital apps and services will be developed and deployed using cloud-native approaches (agile methods, microservices architectures, container-based deployment, et al.). This is the same number of apps developed in the last 40 years! Most of these will be targeted at industry-specific digital transformation use cases. This explosion of new digital apps and services will define the new minimum competitive requirements in every industry.
AI is inescapable. By 2025, at least 90% of new enterprise apps will embed artificial intelligence. Most of these will be AI-enabled apps, delivering incremental improvements to make applications “smarter” and more dynamic. More disruptive “AI-led” applications will take longer to develop and achieve mainstream adoption, representing about 10% of total enterprise applications by 2025. By 2024, over 50% of user interface interactions will use AI-enabled computer vision, speech, natural language processing (NLP), and AR/VR. By 2025, we expect to see enterprises using AI-enabled and AI-led apps and AI-powered interfaces to gain competitive advantage from 50% shorter reaction times, 25% greater success with product innovation, and 1.5 times higher customer satisfaction (NPS scores).
Trust gets promoted. Getting trust right will be fundamental to competing in the digital economy as customers will require the organizations with whom they do business to demonstrate their digital trustworthiness. By 2023, half of the Global 2000 will name a Chief Trust Officer, who orchestrates trust across security, risk, compliance, privacy and ethical business operations. The boards of two-thirds of the G2000 will demand a formal “trust initiative” – a detailed roadmap for improving enterprises’ trust assurance and execution.
Every enterprise is a platform. By 2023, 60% of the Global 2000 will have a digital developer ecosystem with thousands of developers. Half of these enterprises will be so successful that they drive 20% or more of digital revenue through their digital ecosystem/platform. Enterprises will need to operate well as a digital services provider in the digital economy – gaining greater revenue growth through third-party use of their digital services. For most, this is an entirely new capability and business model.
Cross-Industry mashups. Enterprises must be prepared to form new digital ecosystem partnerships across industries – including industries not in their current value chains. The emerging Passenger Economy is a great example: automotive manufacturers are partnering with technology companies, entertainment companies, public sector agencies, financial service companies and others to enhance their customers’ experience. By 2025, 20% of revenue growth will come from “white space” offerings that combine digital services from previously unlinked industries.
Tech platform wars continue. By 2023, the top 5 public cloud mega platforms will consolidate at least 75% of IaaS+PaaS market share (up from 62%), while the number of SaaS vendors becoming “platforms” will dramatically expand. The top 10 pure-play SaaS vendors will generate an average of nearly 20% revenue from expanding their PaaS services (up from 4%). The latter trend will be particularly important to watch as SaaS providers jockey to become key sources for enterprises’ digital innovation factories.

For more detail on these predictions, please check out the full document at: https://www.idc.com/getdoc.jsp?containerId=US45599219.

ABOUT THE AUTHOR

Frank Gens, SVP & Chief Analyst, IDC

The registrations for 28th NASSCOM Technology & Leadership Forum are open. Visit https://www.nasscom.in/ntlf/ to see how the event is shaping up.
Register Today at https://www.nasscom.in/ntlf/register.html

We have special offers running for SMEs, Start-ups and Women in Tech, contact us at ntlf@nasscom.in to know more.

NASSCOM AI artificial intelligence Cloud Computing Industry 4.0 data analysis NASSCOM Technology & Leadership Forum #NTLF2020 Tech In 20s

Disclaimer

That the contents of third-party articles/blogs published here on the website, and the interpretation of all information in the article/blogs such as data, maps, numbers, opinions etc. displayed in the article/blogs and views or the opinions expressed within the content are solely of the author's; and do not reflect the opinions and beliefs of NASSCOM or its affiliates in any manner. NASSCOM does not take any liability w.r.t. content in any manner and will not be liable in any manner whatsoever for any kind of liability arising out of any act, error or omission. The contents of third-party article/blogs published, are provided solely as convenience; and the presence of these articles/blogs should not, under any circumstances, be considered as an endorsement of the contents by NASSCOM in any manner; and if you chose to access these articles/blogs , you do so at your own risk.

Frank Gens

SVP & Chief Analyst

Frank Gens