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.
Digital technologies have altered how people and businesses interact. The potential for dislocation from ongoing digital transformation has created unprecedented levels of C-suite discussion. The decisive market leaders have heeded the warnings and taken bold actions.
Source: Business Technology Roundtable
Technology innovation is driving a rapid rate of change that has fueled unprecedented value creation, particularly for tech’s biggest winners, while disrupting incumbents in many industries. Major trends that will continue to strengthen in 2018 include e-commerce, cloud computing, digitization, online advertising, big data analytics, and the sharing economy.
Source: T. Rowe Price
Become the disruptor of your industry’s status quo, or face the consequences. To succeed, CEOs need to know the answer to a key question in 2018 and beyond. Does our CIO and/or CTO have what it takes to contribute to a meaningful and substantive digital transformation agenda?
Source: Digital Lifescapes
Digital transformation in retail is changing how people shop. Across channels consumers are buying less each time they shop. This shift is more concentrated in pure-play online retailers, where consumers don’t fill their baskets. Their goal is to get what they want quickly and without any friction.
IDC expects it will take until 2027 for 75% of organizations to have digitally transformed. Furthermore, by 2022, IDC also predicts that 80% of revenue growth will depend on digital offerings and operations.