Digital Lifescapes

Historically, the Chief Information Officer (CIO) role was considered the leader of enterprise Digital Transformation initiatives. The belief was based on the notion that the primary skill set required was Technology expertise. However, IDC now predicts that the focus has shifted to Business expertise, talent development, and digital growth strategy. This revelation is just one of IDC's predictions for 2023, and beyond. Digital Transformation Market Development CIOs who demonstrate a mix of strategic purpose and people skills can now co-lead with their business counterparts -- to demonstrate and align new technologies for sustainable business outcomes. "In this new world, the role of the CIO has evolved to be one that is a digital business enabler using technology to compete," said Linus Lai, chief analyst at IDC A/NZ. IDC's top CIO Agenda predictions are as follows: Chief Business Technology Officer: By 2026, 60 percent of CIOs will find their roles being challenged...

Organizations are now in the digital business transformation era, where acting as a digital-first enterprise is a CEO mandate, and a strategic differentiator to ensure future prosperity and growth. Enterprise investment in business technology and related digital application growth initiatives has been remarkably robust, in spite of the currently projected outlook of global economic headwinds. Worldwide information technology (IT) and business services revenue will grow by 5.7 percent this year and is forecast at 5.2 percent for 2023, according to the latest worldwide market study by International Data Corporation (IDC). Business Technology Market Development IDC has maintained its outlook for the worldwide Services market against the backdrop of a potential global recession. Worldwide GDP growth worsened since earlier in the year and is now expected to grow by 2.7 percent this year and 2.4 percent in 2023. IDC remains cautiously optimistic based on reported results from vendors in the ...

Today's business leaders face mounting pressures to improve their Environmental, Social, and Governance (ESG) skills. Because the initial steps to the formulation of a sustainable enterprise transformation can be daunting for the C-suite, demand for ESG business strategy consulting has increased. According to the latest worldwide market study by International Data Corporation (IDC), ESG business services spending will grow to $158 billion in 2025 with a five-year compound annual growth rate (CAGR) of 32.3 percent. "In 2022, all enterprises are being pushed to transform and fundamentally change the way they do business to become sustainable enterprises," said Dan Versace, research analyst at IDC . ESG Business Consulting Market Development Owing to increased pressure from customers, investors, and regulators, savvy organizations are just beginning to understand the business case for actionable Corporate Sustainability strategies. Those organizations that develop and implem...