IDC’s top 10 predictions for the Future of Digital Innovation identify ways that software innovation will transform businesses into digital innovation factories.
Prediction 1: By 2026, enterprises that successfully generate digital innovation will derive over 25 percent of revenue from digital products, services, and/or experiences.
Prediction 2: By 2022, organizations that allocate 50+ percent of their software development projects to customer-facing initiatives will see revenue grow 15 percent faster compared to those that focus more on internal projects.
Prediction 3: To help alleviate the developer skills shortage, 55 percent of organizations will use cloud marketplaces and tech startup acquisitions as their most important approaches to software sourcing by 2024.
Prediction 4: By 2024, companies that have already invested in building a developer ecosystem will expand their customer base by 25 percent.
Prediction 5: Securing the software supply chain will be a core competency embraced by 75 percent of large digital innovators by 2023.
Prediction 6: By 2023, traditional distribution models crumble as 20 percent of businesses in some sectors use technology to go direct to customers, seeking to improve customer satisfaction and product development.
Prediction 7: By 2026, 30 percent of software development teams will be focused on turning traditional products into outcomes as a service.
Prediction 8: Half of the Global 500 will have insourced software development significantly by 2025, exacerbating the software engineering skills shortage and fueling interest in software development efficiencies.
Prediction 9: By 2024, 55 percent of successful digitally innovative products will be built by teams that include people with creative, critical thinking, analysis, and automation skills, as well as software engineers.
Prediction 10: By 2025, 75 percent of newly developed applications will include some automatically generated code, freeing up humans to focus on development tasks that are not easily automated.