IDC FutureScape: Worldwide Data and Content Technologies 2023 Predictions

Description

This IDC study provides IDC's 2023 top 10 predictions for data and content technologies applied to analytics, decisioning, and operational workloads."We are excited to share the data and content technologies predictions from our global team of analysts covering data creation and storage, data valuation, database, data lake, data integration and intelligence, streaming data, intelligent document processing, knowledge networks, business intelligence, analytics, and performance-intensive computing," said Dan Vesset, group VP, Analytics and Information Management market intelligence and advisory practice at IDC.

Product Code: US48733222

IDC FutureScape Figure

Executive Summary

IDC FutureScape Predictions

Summary of External Drivers
Predictions: Impact on Technology Buyers
- Prediction 1: By 2024, Broad Use of AI-Infused Analytics Will Lead 33% of G2000 to Connect Data Intelligence, Decision Ops, and Data Literacy Initiatives to Counter Cognitive Biases and Probabilistic Analytics Risks
  - Associated Drivers
  - IT Impact
  - Guidance
- Prediction 2: By 2024, Inability to Perform Cross-Functional and Integrated Scenario Planning and Forecasting Aided by Machine Learning Will Negatively Affect 75% of G2000's Ability to React to Market Volatility
  - Associated Drivers
  - IT Impact
  - Guidance
- Prediction 3: By 2025, to Promote Data-Informed Decision Making, 50% of G2000 (from 33% in 2022) Will Embed Analytics in Enterprise or Productivity Apps, Boosting Demand for Data-Savvy Application Developers
  - Associated Drivers
  - IT Impact
  - Guidance
- Prediction 4: By 2025, Growth in Data Marketplaces, Data Privacy Regulations, and Data Sovereignty Concerns Will Lead 60% of G2000 to Include CDOs, Along with CISOs and CLOs, on Data Risk Management Committees
  - Associated Drivers
  - IT Impact
  - Guidance
- Prediction 5: By 2026, Entrenched Hybrid Work Models and High Labor Turnover Rates Will Drive 40% of G2000 to Invest in Knowledge Networks for Knowledge Retention, Curation, and Sharing from Unstructured Content
  - Associated Drivers
  - IT Impact
  - Guidance
- Prediction 6: By 2026, 35% of G2000 Will Have Benefitted from Investments in Performance-Intensive Computing That Address Data Chaos of the Ever More Digitized World, Leading to Suboptimal Return on Data Assets
  - Associated Drivers
  - IT Impact
  - Guidance
- Prediction 7: By 2027, Redundant Deployments of Data Warehouses and Lakes Will Challenge ROI at Over 60% of G2000 Attempting Data and Content Unification Initiatives and Lead to Investments in Data Federation
  - Associated Drivers
  - IT Impact
  - Guidance
- Prediction 8: By 2027, 10% of G2000 Will Have Implemented Systematic Data-to-Action Feedback Loops, Resulting in Superior Return on Data and Content Capture and Analysis Investments Compared with Their Peers
  - Associated Drivers
  - IT Impact
  - Guidance
- Prediction 9: By 2028, the Most Data-Savvy 20% of G2000 Will Have Used Spatio-Temporal Data Processing to Enable Complex n-Dimensional Use Cases and Drive Demand for Telematic Analytics Expertise
  - Associated Drivers
  - IT Impact
  - Guidance
- Prediction 10: By 2028, 70% of the Value of the U.S. Economy Will Be in the Form of High-Information-Density Goods and Services, Driving Demand for Ever-Growing Computational Capacity to Maintain Growth
  - Associated Drivers
  - IT Impact
  - Guidance

Advice for Technology Buyers

External Drivers: Detail

Storms of Disruption - Accelerating, Interconnected Uncertainty
Geopolitical Reality - Sovereignty in the Digital World
Digital Business - Stepping Stone to the Future Enterprise
Meaningful Intelligence - Differentiated Decision Power
Ecosystem-Based Innovation - Driving Enterprise Value
Work Mode Upheaval - New Models and Leadership
Everything as a Service - Thriving Through the Change

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