TECH SUPPLIER Jul 2021 - IDC Survey - Doc # US48069321

Future of Industry Ecosystems Global Survey Report

By:

Jeffrey Hojlo
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Abstract

This IDC Survey highlights the results of IDC's worldwide Future of Industry Ecosystems Survey.

Following the launch of our Future of Industry Ecosystems practice in January 2021, in May, we fielded a global survey to 1,250 executives across 5 regions and 11 countries. The goal was to determine executive and business leader sentiment on industry ecosystems, maturity of current approach, and future plans for IT and use case investment. Key findings include:

  • Trust is critical to enable free flow of data, knowledge, and expertise within industry ecosystems.
  • Use cases and KPIs for the three pillars of the Future of Industry Ecosystems — shared data and insight, shared applications, and shared operations and expertise — are reliant on and complement one another.
  • Organizations from all industries are planning to expand their industry ecosystems outside of their core industry in12 months.

What is clear is that CEOs and their respective teams are focusing on industry ecosystems as a core initiative for 2021 and beyond — in fact, second only to investment in digital transformation-related technology. It is increasingly becoming apparent that fluctuating demand, unexpected disruption, and customer/consumer/citizen/patient expectations of blended physical and digital experiences mean the shared, open approach of industry ecosystems is permanent.


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