With respect to constant frequent changes, adaptability has become an issue to deal with in the current times. Despite most efforts, unpredictable fluctuations ruin expectations and hamper thinking. With an aim to help adjust much effectively, following are the predictions of Gartner for the coming years:
By 2015, more than half of traditional consumer products will have native digital extensions and by 2017, 50 percent of consumer product investments will be redirected to customer experience innovations.
This year enterprises will spend over 40 billion dollars designing, implementing and operating the Internet of Things. That is still a tiny slice of worldwide spending on IT which is projected to surpass 3.9 trillion dollars in 2015, a 3.9 percent increase from 2014.
Since 2013, 650 million new physical objects have come online; 3D printers became a billion dollar market; ten percent of automobiles became connected; and the number of Chief Data Officers and Chief Digital Officer Positions have doubled. In 2015, Gartner predicts, all of these things will double again.
Gartner says that 38 percent of total IT spending is outside of IT already, and predicts that by 2017, it will be over 50 percent.
By 2017, 70 percent of successful digital business models will rely on deliberately unstable processes designed to shift as customer needs shift.
By 2015, there will be more than 40 vendors with commercially available managed services offerings leveraging smart machines and industrialized services. By 2018, the total cost of ownership for business operations will be reduced by 30 percent through smart machines and industrialized services.
By 2018, Gartner predicts, digital business will require 50 percent less business process workers and 500 percent more key digital business jobs, compared with traditional models. The top jobs for digital over the next seven years will be:
Digital Business Architects
Gartner says that you must build talent for the digital organization of 2020 now.
By year-end 2016, 50 percent of digital transformation initiatives will be unmanageable due to lack of portfolio management skills, leading to a measurable negative lost market share. The digital business brings with it vastly different and higher levels of risk, say 89 percent of CIOs and 69 percent believe that the discipline of risk management is not keeping up.
By 2017, the use of Smartphones will reduce by 10 percent the costs for diabetic care. By 2020, life expectancy in the developed world will increase by 0.5 years due to widespread adoption of wireless health monitoring technology.
By year-end 2015, mobile digital assistants will have taken on tactical mundane processes such as filling out names, addresses and credit card information. By year-end 2016, more than 2 billion dollars in online shopping will be performed exclusively by mobile digital assistants. Yearly autonomous mobile assistant purchasing will reach 2 billion dollars annually, representing about 2.5 percent of mobile users trusting assistants with 50 dollars a year.
By 2015, more than 90 percent of online retailers of durable goods will actively seek external partnerships to support the new “personalized” product business models and by 2017, nearly 20 percent of these retailers will use 3D printing to create personalized product offerings.