Gartner identifies four trends that will change the face of IT and business

by CXOtoday Staff    Nov 17, 2010

cloud securityFrom social media to intelligent devices to cloud computing, evaluating how these technologies fit into an organization and their impact on the bottom line will become a critical function of the C-level executive, according to Gartner (NYSE: IT).

The research company has identified four broad trends – ‘Cloud’, ‘Business impact of social computing’, ‘Context Aware Computing’ and ‘Pattern Based Strategy’, which that will change IT, and the economy, in the next 10 years. The impact of IT on revenue will be directly related to the financial compensation of CIOs.

Peter Sondergaard, Sr, VP, Gartner and global head of Research, said that particularly in the high-growth markets of Asia Pacific, successful organizations are those that can quickly evolve their strategies from recessionary cost control to innovative implementations of technology that generate revenue.

Based on his observation on how IT has transformed business, he said that at the heart of the change in the next 20 years will be intelligence drawn from information. Information will be the ‘oil of the 21st century’.

According to him, Cloud Computing will alter the financial model upon which investors look at technology providers, and it will change vertical industries, making the impact of the Internet on the music industry look like a minor bleep. For the CIO, it will require a shift from multisourcing to microsourcing, which is quite a different skill.

The second major trend, as informed by the company, is the Business Impact of Social Computing. Not simply more platforms such as Facebook or Twitter, the real impact will come as the underlying ethos, culture and attitudes which shape social computing and have driven growth to date, pervade the enterprise and blur the boundaries between personal and professional activities.

The third trend in the list impacting IT leaders is Context Aware Computing. The proliferation and availability of wireless technologies – coupled with an explosion of super intelligent devices – notebooks, tablets and smartphones - in the hands of consumers– linked to cost effective compute and communication capabilities in all physical products – has created a new Internet fabric.

Pattern-Based Strategy, the last trend provides a framework to proactively seek patterns from traditional and non-traditional sources, model their impact, and adapt according to the needs of the pattern.

This builds on pattern-based technologies such as social network analysis, context aware technologies and predictive analytic tools. It will allow IT leaders to seek-out patterns amidst the burgeoning information sources and model future possibilities.

“The combination of these four trends creates an unimaginable force impacting not just IT and the IT industry, but the capability of business and government. Each of these four trends is about driving IT business value. Whether IT acts now or not, the combination of these trends will drive dramatic change in your enterprises’ business model and strategy,” Sondergaard concluded.