Industry Insights

News Roundup: Digital Transformation Spending to Approach $2 Trillion by 2022

By Ideas @ AppDirect / November 26, 2018

Here’s a selection of recent digital economy news from around the world that we’re talking about at AppDirect.

Digital Transformation Spending to Approach $2 Trillion by 2022

Larry Dignan, ZDNet.com, November 13, 2018

"Digital transformation spending will approach the $2 trillion mark in 2022, good for a 16.7 percent compound annual growth rate, according to IDC. The big question will be how much of digital transformation spending will deliver returns." Read more.

Telcos' Competitors Aren’t Other Telcos Anymore

Jamie Davies, Telecoms.com, November 13, 2018

"It might seem like an unusual statement to make, but if the fortunes of the fourth industrial revolution are going to be realized, telcos need to stop bickering between themselves. The new competitive landscape seems like a very counter-intuitive one. The status quo for years has been to capture as many subscriptions as possible, building profits on top of connectivity, though the digital economy is so much more." Read more.

Digital Strategy: The Four Fights You Have to Win

Tanguy Catlin, Laura LaBerge, and Shannon Varney, McKinsey.com, October 2018

"If there’s one thing a digital strategy can’t be, it’s incremental. The mismatch between most incumbents’ business models and digital futures is too great—and the environment is changing too quickly—for anything but bold, inventive strategic plans to work. Unfortunately, most strategic-planning exercises do generate incrementalism." Read more.

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