IDC to focus on digital transformation at CIO Summit
Event to take place from February 17 to 18 at Abu Dhabi's Jumeirah Etihad Towers
IDC announced its agenda for its upcoming Middle East CIO Summit, where its main theme ‘Leading your organisation's digital transformation' will be the key focus.
Speaking at today's conference, IDC's group vice president and regional managing director for the META, Jyoti Lalchandani, gave insight into the challenges faced when organisations move towards a digital transformation.
"The Middle East is increasingly being exposed to a new wave of disruptive technologies that present incredible opportunities to drive innovation and value creation across all facets of the organisation," he said
In fact, Lalchandani predicted the ICT market across the Middle East will cost $103bn in 2016 and IT spending will be up by 3%. He revealed there is a cautious view on spending from CEO's and CIO's, but it will be prioritised depending on areas which have more growth, this is believed to be packet software and IT services, which IDC predicts an increase from $43bn in 2015 to $44.5bn in 2016.
Lalchandani added, investment from organisations will be driven by the third platform, which IDC identifies as four forces; cloud, data analytics, mobile and social. IDC reckons the third platform will play a critical role within digital transformations and by 2017, 50% of IT spending will be driven by these four areas and will increase to 60% by 2020. Further IDC predictions revealed half of IT spending will be cloud-based by 2018.
Of course, the biggest challenge is security, which is at the forefront of CEO's and CIO's agendas for both private and public organisations, said Lalchandani.
At the summit, IDC will host two CMO and CFO workshops, and three vertical-focused tracks, focused on ICT investment in oil and gas, government and BFSI industries. Also, two additional sessions exploring women in IT and smart city innovations across the region.
Lalchandani revealed: "Some of IDC's most respected global vice presidents will be flying in to host these workshops, which will explore the very latest developments in the areas of strategic architecture, cloud hosting, enterprise mobility, next-generation security, and IT transformation."
IDC's Middle East CIO Summit 2016 will be hosted at Abu Dhabi's Jumeriah Etihad Towers on 17-18 February.
More information on the summit can be found on its website.