Tag Archive | LoB

More C-Suites and Line of Business Drive IT Investment

More C-Suites and Line of Business Drive IT Investment

CIO departments have been losing clout in technology purchase over the past decade. Line of business (LoB) leaders such as the head of marketing, the chief financial officer or the human capital leader takes on increasingly large amounts of investment on their own.”

via IDC

Agile IT Procurement Strategies for Digital Transformation

Agile IT Procurement Strategies for Digital Transformation

Just 45% of IT and Line of Business (LOB) executives believe their procurement organizations understand new transformational technologies and their related delivery models. Only 46% of IT/LOB leaders believe that procurement understands their business needs.

via IDC

Digital Business Transformation Requires Collaboration

Digital Business Transformation Requires Collaboration

The evolution of information technology (IT) leadership — sometimes driven by the line of business (LoB), sometimes by the legacy IT organization — is reaching a state of balance where business-IT collaboration sets the stage for meaningful digital transformation.

via Digital Lifescapes

Digital Tech: Line of Business Leaders Drive Change

Digital Tech: Line of Business Leaders Drive Change

Across the globe, CEOs and line of business leaders are seeking new ways to adopt business technology that enables digital innovation. However, American organizations are forecast to invest 1.75 times more than European organizations on information technologies (IT) from 2018 through 2022.

via Digital Lifescapes

Is the Right Group Leading Your Digital Initiatives?

Is the Right Group Leading Your Digital Initiatives?

As organizations mature, they are less likely to report that IT leads this digital progress; 23 percent of respondents at early-stage companies name IT as the primary leader of digitalization efforts, versus 16 percent at maturing companies.

via MIT Sloan

More Line of Business Leaders Drive Digital Transformation

Line of Business Leaders Drive Digital Transformation

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).

via IDC

Why LoB Spending on IT will Reach $609 Billion in 2017

LoB IT spending market research

Worldwide corporate IT spending funded by Line of Business (LoB) units will reach $609 billion in 2017 — that’s an increase of 5.9 percent over 2016, according to the latest market study by International Data Corporation (IDC).

Source: Digital Lifescapes

Ecosystems: the Next Evolution of Digital Transformation

ecosystem digital transformation market research

A new type of commercial infrastructure needs to be built that reshapes business, according to the latest market study by Gartner. Moreover, they believe that enterprise CIOs are the builders of this infrastructure, which Gartner calls the “civilization infrastructure” for the next decade.

Source: Digital Lifescapes

How Big Data Analytics Apps Transform IoT Operations

big data analytics market research

As more enterprises embrace the Internet of Things (IoT), we’re seeing an increase in demand for analytics apps that can extract insight and meaning from sources of big data. Vendors are now busy identifying opportunities for software and professional services to assist buyers with their transformation projects.

Source: Digital Lifescapes

How Line of Business IT Budgets Drive Digital Transformation

digital business transformation market research

The share of worldwide corporate IT spending that is funded by non-IT business units is forecast to reach 47% in 2019 — that’s an increase of more than 3% over 2015, according to the latest market study by IDC.

Source: IDC