Digital transformation, a process that is already well underway across geographies and industries, is demonstrating its value by driving innovation. Modern businesses face tough economic and political conditions and are burdened with the need to constantly innovate, seek new opportunities, and defend themselves against disruptive competition. The IT department, viewed as the engine room of innovation, is thus increasingly expected to deliver not only improvements, cost savings, and efficiencies in existing processes, but also real business transformation as well.
The 3rd Platform – and its key pillars of cloud, mobile, social, and big data analytics – is coming into its own as a facilitator of this new generation of technology-led business innovation. Moreover, a new innovation ecosystem is arising on top of the 3rd Platform, made up of emerging technologies such as the internet of things (IoT), machine learning, and next-generation security, as well as advances in user experience (UX). Businesses that develop and embrace a culture of innovation will be best placed to enhance their competitive performance, generate new sources of revenue, and defeat disruptive competition as it arises.
IDC’s 2017 IT Forum will examine the reasons behind the accelerated drive toward innovation and identify the immense contributions that IT managers will be expected to make over the coming years.
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