Strategic investment in business technology is led by CIOs and CTOs that launch new digital transformation initiatives. Those digital growth plans result in the modernization of IT infrastructure. However, an internal IT staff skills shortfall will continue to fuel demand for more savvy and experienced digital business talent.
Huge investment is going into digital technology. Some fear this won’t boost productivity as much as the steam engine, the assembly line, or the computer did in previous waves of technical change. Others are more optimistic. New research from the World Economic Forum and Accenture suggests there’s room for hope.
Blockchain technology is transforming the way we do business by allowing consumers to cut out the middleman in numerous vital services, reducing costs and boosting efficiency. In this way it has the potential to reduce poverty throughout the developing world.
The online security market is expanding globally, and for good reason. The dramatic increase in connected devices has created a huge attack surface for cyber criminals. Whether their motive is mischief, or theft, the impacts can be far-reaching and very costly.
In every industry, businesses are undergoing digital transformation, resulting in new business processes and, in some cases, new business models. Another change accompanying digital transformation is the shift in technology spending from IT to the line of business (LOB).
More CIOs and CTOs are seeking to gain benefits of a simplified and more manageable IT infrastructure for their organizations. As a result, worldwide integrated systems revenue is forecast to total $12.3 billion in 2018 — that’s an increase of 18.4 percent from 2017, according to Gartner.
At the highest level, it’s clear that more mature companies see technology as a critical driver of business strategy: 86% of advanced companies see technology as the most important driver of business strategy; fewer than half of beginner firms see technology affecting business strategy to the same extent.