2020 Predictions: Adapting to the Shape-Shifting Dynamics of Evolving Ecosystems
Jan 07

2020 Predictions: Adapting to the Shape-Shifting Dynamics of Evolving Ecosystems

2019 was the year we witnessed business leaders intensify their efforts to embrace digital transformation initiatives and build an adaptive, technical and operational foundation. The challenges were plenty, many of which still need to be addressed.

Companies have had to deal with technical debt and organizational silos, which has increased resource allocation to their core tech stacks. Several digital transformation initiatives fell short on delivering desired returns. Many companies have eagerly adopted new technologies. While all of this was intended to achieve operational efficiency and viability, it has led to dealing with technical challenges.

With 2020 around the corner, the predictions are optimistic and radical. As the challenges continue to be actively addressed, let’s take a look at some of the aspects that will gain momentum in 2020.

CIOs and business leaders will embody transformative rolesbecoming ‘chief enablers.’

These executives will chase tech-driven innovation with grit and break silos of teams to build ecosystems. The focus will revolve around people management, tech-driven innovation and ecosystem-building skills. In 2020, CIOs will be looking to automate their IT tasks and upskill everyone in order to address the increasing pressure to improve efficiency and control costs. This will not translate to layoffs; instead, Forrester Analytics data predicts agile DevOps teams will be created by training teams to manage more complex tasks.

Businesses will leverage the potential of emerging technologies to address challenges.

From decentralized autonomous organizations to immersive workplaces and digital ecosystems, companies will consider emerging technologies to reduce costs and invest in growth. In discussions about the outlook for the global IT market at the Gartner IT Symposium, analysts predicted that in 2020, enterprise software spending will reach $507 billion, a 10.9% growth from 2019.

Companies will adopt an immersive and adaptive IT approach.

Following shape-shifting characteristics of organizations, “fluid IT capability” will be nurtured, where the boundaries between IT and business will fade. Enterprises will embrace agile development practices to ensure better collaboration between business and IT. To achieve agility, businesses will work toward connecting people, applications and devices seamlessly.

With the increasing need to bridge silos, I believe developing enterprise applications with faster release cycles will result in the increasing adoption of low-code platforms. The fact that the low-code development platform market is growing at a rate of 40% and is expected to reach $21.2 billion by 2022 confirms the potential of modernization using emerging technologies.

Initiatives to upskill the workforce will be significant.

I believe this will come to fruition as IT leaders will have to address the challenge of cost control in an economically volatile environment. Cross-domain knowledge workers will be given importance, where employees with higher skills will be paid more and retained. Companies will invest in prepping employees to work together with automation tools and technologies. Employee development and improving the learning agility of teams will become the main priorities.

Companies will design their business applications experience around employees.

As the digital workplace evolves, employees will expect business applications they use and develop to deliver more. This prediction is based on the notion that the “one size fits all” approach offered by some companies will need to change. Low-code platforms will enable application development in alignment with job requirements, and self-service DevOps will democratize the way enterprise applications are deployed and used.

Employee digital dexterity will be the essence of future digital workplaces.

How work gets done will be transformed by employee-facing technologies. Collaborative, cloud-based work management tools will be adopted to create a digital dexterous workforce. Given that the competitive advantage of most companies is derived from how employees use technology, emerging technologies will be adopted widely to make employees and teams more agile, inclusive and engaged.

I foresee 2020 being a year that will witness far-reaching, fast-paced changes. Tech-driven innovation will drive changes in the digital workplace and the ecosystem. Emerging technologies and software platforms will revolutionize how enterprises develop, deliver and manage applications used by their employees and customers. Driven to achieve embedded connectivity, improve business agility and foster innovation, companies will evolve based on the shape-shifting dynamics of the workforce, workspace and marketplace. The best way forward is to plan ahead.

Originally published in Forbes by Vijay Pullur, CEO WaveMaker.

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