{"id":7974,"date":"2018-01-10T07:00:19","date_gmt":"2018-01-10T15:00:19","guid":{"rendered":"http:\/\/formtek.com\/blog\/?p=7974"},"modified":"2017-11-22T10:52:38","modified_gmt":"2017-11-22T18:52:38","slug":"digital-transformation-in-2018-new-digital-business-model-to-drive-future-growth","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/digital-transformation-in-2018-new-digital-business-model-to-drive-future-growth\/","title":{"rendered":"Digital Transformation in 2018: New Digital business Model to Drive Future Growth"},"content":{"rendered":"<p><a href=\"https:\/\/www.idc.com\/getdoc.jsp?containerId=PRF001873\">Frank Gens,<\/a> Senior Vice President and Chief Analyst at IDC, <a href=\"http:\/\/www.businesswire.com\/news\/home\/20171031005219\/en\/IDC-Predictions-Provide-Blueprint-Key-Building-Blocks\">said that<\/a> &#8220;the rising digital economy means all enterprises must operate like &#8216;digital native&#8217; enterprises, re-architecting their operations around large-scale digital innovation networks and becoming, in effect, a new corporate species.&#8221;<\/p>\n<p>IDC made the following 10 predictions for the future of digital transformation going into 2018:<\/p>\n<ul>\n<li>By 2020, <strong>spending<\/strong> on digital transformation will exceed $1.7 trillion.<\/li>\n<li>Businesses that adopt digital transformation will generate at least 45 percent of their revenue from <strong>newer &#8220;digital business&#8221; models<\/strong>.<\/li>\n<li>By 2020, digital businesses will be <strong>valued based on their data, platform and customer engagement<\/strong><\/li>\n<li>By 2019, 40 percent of organizations will have appointed an <strong>executive to lead their digital transformation<\/strong> initiative<\/li>\n<li>By 2019, 10 percent of <strong>sales will be influenced by bots<\/strong> in companies where bots are used<\/li>\n<li>By 2020, major global businesses will see <strong>twice the growth in information products<\/strong> compared to traditional products and services<\/li>\n<li>By 2020, 85 percent of new technical positions will be expected to have some amount of <strong>analytics and AI skills<\/strong><\/li>\n<li>By 2020, one quarter of global 2000 companies will have started <strong>digital training programs<\/strong><\/li>\n<li>By 2019, 40 percent of digital transformation <strong>initiatives will include cognitive and AI components<\/strong><\/li>\n<li>By 2020, 60 percent of all enterprises will have an<strong> organization-wide digital strategy<\/strong><\/li>\n<\/ul>\n<div class=\"lightsocial_container\"><div class=\"lightsocial_element\"><a class=\"lightsocial_a\" href=\"http:\/\/digg.com\/submit?url=https%3A%2F%2Fformtek.com%2Fblog%2Fdigital-transformation-in-2018-new-digital-business-model-to-drive-future-growth%2F&amp;title=\" target=\"_blank\"><img decoding=\"async\" class=\"lightsocial_img\" src=\"https:\/\/formtek.com\/blog\/wp-content\/plugins\/light-social\/digg.png\" 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