According to research firm IDC, this year's predictions are shaped by the disruptive forces of the COVID-19 pandemic, which will dramatically alter the global business ecosystem for the next 12–24 months and beyond.

“The impacts from COVID-19 are ubiquitous and affect the many external forces that are driving change. Yet despite the disruptions caused by the global pandemic in 2020, the global economy remains on its way to its "digital destiny" as most products and services are based on a digital delivery model or require digital augmentation to remain competitive.

With this shift, 65% of global GDP is digitalized by 2022, driving $6.8 trillion of IT spending from 2020 to 2023.

“The COVID-19 pandemic highlighted that the ability to rapidly adapt and respond to unplanned/foreseen business disruptions will be a clearer determiner of success in our increasingly digitalized economy,” said Rick Villars, vice president of worldwide research with IDC.

Despite the disruptive impacts of COVID-19, 47% of organizations plan to increase their investments in the Internet of Things (IoT), according to a recent survey from Gartner, Inc. Following the COVID-19 lockdown, the survey found that 35% of organizations reduced their investments in IoT while a larger number of organizations are planning to invest more in IoT implementations to reduce costs.

According to Gartner, one reason behind the increase is that while companies have a limited history with IoT, IoT implementers produce a predictable ROI within a specified timeframe.

Moderated by Paul Barker, Editor of the Edge Computing Association, the webinar will feature an informal conversation among three experts about everything from the impact COVID-19 will have on the IT sector to the continued rise of edge computing as well as trends to watch in the Software-As-A-Services (SaaS) sector.

Paul Barker
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