TECH SUPPLIER May 2021 - IDC Survey Spotlight - Doc # US47659921

Industry Ecosystem IT Spending Rises for 2021: Trust and Data Are the Focus

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

Abstract

This IDC Survey Spotlight features results from Wave 3 of IDC's Future Enterprise Resiliency and Spending Survey. According to this survey, organizations are planning to increase spending considerably in support of industry ecosystem expansion and optimization. Most plan an increase of 1-5%, with 20% planning an increase greater than 5% — with key focus areas of trust, data, and augmented decision making.

Cloud applications and infrastructure remains an important element of industry ecosystems, consistent with our data from IDC's 2020 COVID-19 IT Impact Survey. Organizations see that, to be flexible and resilient, they must have a set of applications and data that is accessible and easily shareable with industry ecosystem partners. Cloud enables this approach.

We will continue to watch the development of the future of industry ecosystems and supporting IT investment plans throughout the year and beyond, in part through our global survey work to gauge trends, challenges, plans, and best practices in this evolving area.


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