TECH SUPPLIER Mar 2021 - IDC Survey Spotlight - Doc # US47499821

CEOs Prioritize Industry Ecosystems for 2021 and Beyond

By: Jeffrey HojloResearch Vice President, Future of Industry Ecosystems & Product Innovation Strategies

Abstract

This IDC Survey Spotlight focuses on CEOs' plans around industry ecosystems and their importance.

A consistent theme over the past year in our research, first with our COVID-19 Impact on IT Spending Survey, and now with IDC's Future Enterprise Resiliency and Spending Survey, is continued strategic investments in digital technology such as cloud, cybersecurity, and collaboration platforms. And there is a focus on industry ecosystems — that is, an expansion of ecosystem partners that organizations have to work with in support of any situation, whether new innovation, dynamic demand, or unexpected disruption.

IDC recently completed wave 1 of the Future Enterprise Resiliency and Spending Survey, a regular survey that will track business and IT spending and sentiment throughout 2021. Our November 2020 survey showed that CEOs will continue investing in digital transformation (DX) while looking to their industry ecosystem for support. In fact, 60% of respondents state that industry ecosystems are a priority or top priority.

Organizations across industry realize that the complexity and potential disruption that exists or can occur is simply too great to manage on their own. That the static list of partners sitting on their website partner finder page should be more dynamic and shared across their industry ecosystem — whether in support of shared data and insights, shared applications, or shared operations and expertise.


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