Worldwide ICT spending on hardware, software, services and telecommunications will reach $4.6 trillion by 2022, representing average growth of 4 percent per year. Commercial customers will represent around 63.5 percent of total spending by 2022 ($2.9 trillion), while consumers will account for 36.5 percent ($1.7 trillion), according to IDC.
Leading organizations are pursuing skill grafting, an innovative approach to building the digital and data capabilities they need to compete. Rather than searching for individuals with the required breadth of experience, skill grafting creates teams with complementary skills to cover the necessary ground.
Over the next 5 years, revenues generated by technology in the global supply chain will increase at a compound annual growth rate (CAGR) of 11 percent, reaching $440 billion by 2023, according to ABI Research.
According to Gartner, a proactive and adaptive culture is a critical asset and some CIOs will likely play a role in establishing the right mindsets and practices within their organizations. Gartner predicts that by 2021, some CIOs will be as responsible for culture change as chief HR officers (CHROs).