The Fourth Industrial Revolution is seen as a new stage of human development, one defined by “a fusion of technologies that is blurring the lines between the physical, digital, and biological spheres“, as well as disrupting virtually every industry.
Worldwide tablet and PC shipments will fall by 2.1 percent to 398 million units in 2018, according to the latest market study by Canalys. But this represents the smallest decline of the past four years and sets the tone for an era of stability. So, when does the market trend return to growth? That remains a mystery.
Across the globe, CEOs continue to promote business technology-enabled growth. Worldwide spending on the technologies and services that enable digital transformation (DX) is forecast to be more than $1.1 trillion in 2018 — that’s an increase of 16.8 percent over the $958 billion spent in 2017, according to the latest market study by IDC.
The performance gap between ‘digital champions’ and laggards is widening, and digital’s continued contribution to company performance means that gap will likely grow. But any company can improve. BCG reports that 25% of the companies they surveyed qualify as champions.
At a time when companies are competing to become the most sought-after digital platforms, outside-the-box-thinking and creativity become bankable advantages. More recently still, businesses are discovering the very real risks of not keeping pace with evolving societal conversations.
Digital growth tops the list of CEO business priorities in 2018 and 2019, according to the latest worldwide market study by Gartner. However, as growth becomes harder to achieve, CEOs are concentrating on changing and upgrading the structure of their companies — including digital business investments.