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IDC FutureScape: Worldwide IT/OT Convergence 2020 Predictions

Published by IDC Product code 915253
Published Content info 17 Pages
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IDC FutureScape: Worldwide IT/OT Convergence 2020 Predictions
Published: October 31, 2019 Content info: 17 Pages
Description

This IDC study presents the IDC IT/OT convergence team's analysis of key drivers relating to the convergence and digital integration of information technology with operational technology."The interplay and convergence between technologies such as edge computing, AI and analytics, cloud, and wireless technologies such as 5G driving interconnectivity within business and operational systems will continue to be the factors behind cross-sector business innovation requirements for the next few years," said Remy Glaisner, research director, IDC Insights. "Technology users actively applying cross-functional IT/OT convergence strategies will take the lead at such innovation contest only if they stay on top of the digitized OT trends, and prepare themselves for the implications and changes."

Table of Contents
Product Code: US45597519

IDC FutureScape Figure

Executive Summary

IDC FutureScape Predictions

  • Summary of External Drivers
  • Predictions: Impact on Technology Buyers
    • Prediction 1: By 2022, a 10% Improvement in Asset Utilization Will Be Enabled by a 50% Increase in New Industrial Assets Having Some Form of AI Deployed on Edge Devices
      • Associated Drivers
      • Business Impact
      • Guidance
    • Prediction 2: By 2024, Manufactures Will Reduce the Number of IT-Related Technology Suppliers Delivering to Operations by 20% as They Streamline Collection, Analysis, and Action on Data and Increase Productivity
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 3: By 2022, 35% of New Industrial IoT Applications Built Within Enterprise Environments Will Be Developed Using No-Code/Low-Code Tools
      • Associated Drivers
      • IT Impact
      • Business Impact
      • Guidance
    • Prediction 4: By 2021, 35% of Operation-Intensive Organizations Will Apply the Principles of OPM to Their Functional Application Portfolio, Consequently Averaging a 25% Increase in Overall Business Predictability
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 5: Driven by the Growing Adoption of Swarm Intelligence Within Operational Processes, 25% of Operation-Intensive Organizations Will Apply SDA Principles to Critical Operations Assets by 2024
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 6: Because of Board-Level Mandates on Security Risk, 90% of All Industrial Companies Will Develop IT-Driven OT Security Governance to Support Rapid Innovation by Engineers Through Connected Assets by 2023
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 7: By 2024, as Companies Shift to More Distributed Decision Making, 50% of Industrial Organizations Will Have Flatter Organization Structures, More Cross-Functional Collaboration, and Less Middle Managers
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 8: By 2023, Because of IT/OT Technology Convergence, Technology Vendors and Asset-Intensive Industrial Companies Will Allocate 40% of Their Development Budgets to Operational Technology and Digital Services
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 9: By 2021, 80% of All Industrial Companies Will Have Merged Operational Data Streams with Enterprise Data Streams to Support Broader and More Rapid Operational Innovation
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 10: To Sustain a Competitive Positioning, 45% of Operation-Intensive Enterprises Will Digitize All Critical Operations Assets by 2023, Resulting in 5% Average Market Share Gains Within Their Markets
      • Associated Drivers
      • Business Impact
      • Guidance

Advice for Technology Buyers

External Drivers: Detail

  • The Age of Innovation: Driving the Future Enterprise
    • Description
    • Context
  • Accelerated Disruption: Navigating Business Challenges as Volatility Intensifies
    • Description
    • Context
  • The Platform Economy: Competing at Hyperscale
    • Description
    • Context
  • Sense, Compute, Act: Maximizing Data Value
    • Description
    • Context
  • Intelligence Everywhere: AI's Opportunity and Implications
    • Description
    • Context
  • Rising Customer Expectations: More Convenience, Customization, and Control
    • Description
    • Context
  • Economies of Intelligence: AI, Human, and Organizational "Learning" Fuels Asymmetrical Advantage
    • Description
    • Context

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  • Related Research
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