Gartner just released a report on the Top 10 Technology Trends of 2016.
This video with Gartner hero David Cearly introduces this topic for North Star News.
Gartner also just put out a report yesterday about the need for companies to update their IOT to deal with those changes in virtual technology.
You can read about this report here.
NOTE THIS WEBSITE WENT DORMANT AND INACTIVE AND WAS RECENTLY PURCHASED AND IS GOING TO MOVE TO A NEW DOMAIN NAME FOR NEW CONSTANT UPDATES.
In the shift to digital business, disruptive digital competitors may hasten the decline of some mature industries. Unless, the mature organization has the courage to build the digital capability itself. And that’s exactly what’s happening in business units outside of IT, according to Peter Sondergaard, senior vice president and head of research at Gartner. Mr. Sondergaard presented these findings during the opening keynote at Gartner/Symposium ITxpo 2014 in Barcelona, Spain.
“Today’s digital startups sit right inside your organization, in your marketing department, in HR, in logistics, and in sales,” Mr. Sondergaard told the crowd of several thousand CIOs and IT leaders. “Your business units are acting as technology startups.”
These business units have no installed base of technology and can think unconstrained about the Nexus of Forces (social, mobile, cloud, information). Simply stated, there is a shift of demand and control away from IT and toward digital business units closer to the customer. This is further evidenced by data that shows 38% of total IT spend is outside of IT already and by 2017, it will be over 50%.
In an example of how a major corporation is developing digital business, Mr. Sondergaard cited Caterpillar’s ability to turn 3.5 million pieces of heavy equipment into a rich source of valuable data that creates billions of dollars of sales and service opportunity for its dealers. However, some traditional business leaders may put off investment and hope against the evidence that a disruptor somehow won’t come along. They may resist that digital models could initially have lower margins and require a major startup investment. But, they should seize control and manage the dilemma between the top-line erosion of high margin business versus a leaner, growing digital business with less profit that survives.