IDC Sees the Dawn of the DX Economy

IDCThis week, International Data Corporation (IDC) announced its worldwide information technology (IT) industry predictions for 2017 and beyond.

The predictions were published in a new IDC FutureScape report and presented in a live Web conference hosted by Chief Analyst Frank Gens.

IDC has been chronicling the emergence and evolution of the 3rd Platform, built on cloud, mobile, big data/analytics, and social technologies, for nearly a decade, the company says.

Over the past several years, the adoption of these technologies has accelerated as enterprises commit to the 3rd Platform and undergo digital transformation (DX) on a massive scale. Looking forward, IDC predicts that digital transformation will attain macroeconomic scale over the next three to four years, changing the way enterprises operate and reshaping the global economy. This is the dawn of the “DX Economy.”

“We are at an inflection point as digital transformation efforts shift from ‘project’ or ‘initiative’ status to strategic business imperative,” said Frank Gens, Senior Vice President and Chief Analyst at IDC. “Every (growing) enterprise, regardless of age or industry, must become ‘digital native’ in the way its executives and employees think, what they produce, and how they operate. At the same time, 3rd Platform technology adoption and digital transformation is happening much faster than most expected and early competitive advantages will go to those enterprises that can keep pace with the emerging DX economy.”

For a closer look at the report and the IDC’s projections, click here.