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Home Management Leadership Sales & Marketing Customer Experience / Engagement

To succeed businesses must become software producers

FutureCIO Editors by FutureCIO Editors
March 9, 2021
Photo by Isaiah Samuel Revadilla from Pexels

Photo by Isaiah Samuel Revadilla from Pexels

IDC says Asia/Pacific (APAC) enterprises must deliver evocative digital experiences with great speed and efficiency.

IDC predicts that by 2025, up to a quarter of A500 (Fortune 500) companies will become software producers to digitally transform and maintain their A-500 status.

“The need to innovate has never been more pressing. Increasingly, organizations will have to transform themselves from software consumers to software producers. The winners will be those who move now to streamline and unite their software planning, development, sourcing and distribution efforts," says Linus Lai, vice president of Software and Services Research at IDC Asia/Pacific.

There is much to stake. Old strategies no longer cut muster. Especially in the wake of the COVID-19 pandemic, APAC leaders must satisfy ever more demanding customers and build new business models.

They must act like digital natives and make software the central activity of their business goals. For traditional organizations, that is a monumental undertaking, but one that will be the crux of competitive survival moving forward.

Two other predictions from IDC FutureScape: Worldwide Future of Digital Innovation 2021 Predictions — Asia/Pacific (Excluding Japan) Implications, are:

  • By 2025, net-new production-grade cloud-native apps will increase to 70% from 10% of apps in 2020, due to the adoption of technologies, such as microservices, containers, dynamic orchestration, and DevOps.
  • By 2023, 60% of Asian 1000 (Fortune 1000) companies will shift security to earlier in the development process so that security engages with DevOps teams to review application architecture and release plans early on.
Related:  Accelerating digital transformation with multi-cloud
Tags: digital nativeIDCIDC FutureScapesoftware producers
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