IDC predicts bad news for old-school IT as CEOs embrace digital transformation

CEOs are making the ‘digital transformation’ part of their business strategy, which means big changes for IT departments, according to IDC’s analysis.

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More and more CEOs are peppering their corporate strategy talks with two words: digital transformation. In fact, market-research firm IDC says “it is becoming increasingly difficult to keep track of all the CEO proclamations related to digital transformation.”

For example, the CEO of Citigroup Inc. recently declared that his company was no longer a bank but a technology company in the financial services industry. He described the three pillars of his digital-flavored business strategy: customer centricity, common processes worldwide, and new digital partnerships.

What does this megatrend mean for the CIO and the corporate IT department? It means you don’t want to be “traditional.”

IDC’s prediction-filled FutureScape report on digital transformation says traditional IT will wane and may cede ground to an incoming chief digital officer (or equivalent).

Enter your email address in the field below to read more about this megatrend and access the free IDC FutureScape webcast "Worldwide Digital Transformation 2016 Predictions." As an added bonus, webcast viewers will also be able to download the associated PowerPoint slides. Register now!

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