This IDC study provides IDC's 2020 top 10 predictions for artificial intelligence (AI). "Artificial Intelligence is poised to be more prolific and span every aspect of our lives and business. AI disrupters will enjoy a differentiated and sustainable measure of success ranging from superior customer engagements, accelerated rates of innovation, higher competitiveness, higher margins, and productive employees. Organizations worldwide must evaluate their vision and transform their people, processes, technology, and data readiness to unleash the power of AI and thrive in the digital era," said Ritu Jyoti, program vice president, Artificial Intelligence Strategies. "However, AI's rate of adoption will be challenged by evolving national regulations, a lack of an ethical foundation, and a lack of transparent and self-explaining algorithms critical for the trust and avoidance of unintended negative outcomes."

Calling the rapid digitization of competitors and industries a clock ticking loudly in the heads of every CEO, IDC advises enterprises that if they're not digitally transforming their companies at an aggressive pace, that by 2022, just over two-thirds of their total addressable markets will be gone. Nothing short of a wholesale reinvention of enterprises' digital innovation capabilities is needed. These and many other insights are from IDC FutureScape: Worldwide IT Industry 2019 Predictions, the research and advisory firms' top 10 predictions and key drivers for the IT industry over the next five years. IDC often ranks their predictions by cost/complexity to address and prediction timing. IDC believes the most effective organizations at digital transformation balance these two broad initiatives to deliver measurable financial results.

Innovation in the business world is accelerating exponentially, with new, disruptive technologies and trends emerging that are fundamentally changing how businesses and the global economy operate. To adapt, thrive, and innovate, we all need to be aware of these evolutionary technologies and trends and understand the opportunities or threats they might present to our organizations, our careers, and society on a whole. With this in mind, I recently had the opportunity to compile 99 Facts on the Future of Business in the Digital Economy. This presentation includes facts, predictions, and research findings on some of the most impactful technologies and trends that are driving the future of business in the digital economy. To make it easier to find facts for specific topics, I have grouped the facts into six subsets; in this post I'll share the second subset.