As we continue to progress toward an Internet of Everything (IoE) digital world, organizations will need to think strategically about IT budgets and smart spending in order to keep pace with the changing landscape. CEO’s want a flexible, adaptable enterprise, and IT needs to deliver “fast IT” for them to achieve that.
One part of this rapidly changing landscape is the rise of something Gartner calls the “Digital Industrial Economy.” Gartner SVP Peter Sondergaard said recently at Gartner Symposium/ITxpo that the digital industrial economy will be built on the foundations of cloud integration, social collaboration, mobile, and data. As part of this, worldwide IT spending will reach $3.8 trillion by 2014.
The main notion of the Digital Industrial Economy is that every company will become a technology company, every budget will become an IT budget and every business will become a digital leader. By this definition, it’s clear that the Internet of Everything—and the $14.4 trillion in value it will unleash—is at that the heart of this new economic model.