NEEDHAM, Mass.--(BUSINESS WIRE)--International Data Corporation (IDC) has been at the forefront of industry research on digital transformation and the rise of digital businesses for over a decade. To help business leaders build their digital-first strategies, IDC first launched its Future of X (FoX) research – eight research practices that focus on the key elements of a successful digital enterprise. To further this research, IDC today introduced its Future of X Scorecards, designed to address the need for improved benchmarking in the development and execution of digital business strategies.
As enterprises continue to invest in digital technologies and services and these digital transformation initiatives mature, organizations face a new phase of accountability. Increasingly, business leaders, including the C-Suite, recognize that digital transformation initiatives must yield to more purposeful digital-first strategies that drive measurable business outcomes, accelerate time to value, create sustainable growth, establish stronger competitive differentiation, and strengthen industry ecosystems. This is where IDC's FoX Scorecards can be leveraged.
FoX Scorecards will help decision makers assess their capabilities, identify best practices, and prioritize the technologies that will improve and optimize business outcomes. IT buyers can use FoX Scorecards to justify investment in technology initiatives that can measurably improve key business outcomes while technology suppliers can use the Scorecards to demonstrate the value of their technology solutions.
Each FoX Scorecard uses a standardized methodology that leverages the respective practice's research framework and comprehensive survey data:
- FoX Practice Research Framework: Identifies the processes, organizational structures, and enabling technologies that empower enterprises to achieve their top business goals.
- FoX Scorecard Survey: IDC's Future of X Scorecard survey data identifies investments, readiness, and performance across enterprises.
IDC clients can leverage the unique value of FoX Scorecards through FoX research subscriptions and IDC Custom Solutions. Each FoX practice will publish a Signature report that highlights and prioritizes critical technology investments areas while identifying the risks of inaction. IDC's Custom Solutions provide technology suppliers with an expanded set of interactive tools to deliver qualified leads, accelerate sales velocity, and strengthen customer relationships.
"During this period of economic uncertainty, enterprise buyers are seeking faster time to value and quantifiable business outcomes from their tech investments. IDC FoX Scorecards will serve as valuable tools for IT and business leaders, aiding them in prioritizing and optimizing technologies and capabilities that can maximize business outcomes," said Tony Olvet, group vice president, Worldwide C-Suite and Digital Business Research at IDC.
In his recent IDC blog, Tony Olvet discusses the growing complexity of enterprise technology and the role that FoX Scorecards play in helping businesses prioritize technology investments, allocate resources, and achieve successful business outcomes.
The first of IDC's FoX Scorecards were recently published:
- IDC Future of Work Scorecard, 2023 (Doc #US50635023) compares what differentiates leading enterprises from their peers, including expertise in areas such as where and how to invest in hardware/software technologies and services leading to increased operational efficiency, improved employee productivity, and cost savings.
- IDC Future of Digital Infrastructure Scorecard, 2023: Improve Digital Business Outcomes with Cloud, Automation, and Ecosystems (Doc #US50402123) highlights specific technology strategies, operating model enhancements, and governance processes that can help tech buyers deliver maximum business value from infrastructure and cloud investments.
About IDC's Future of X Research
IDC's eight Future of X (FoX) research practices provide the guidance digital businesses need to attract digital talent, make appropriate digital infrastructure investments, provide seamless connectivity, improve enterprise intelligence, implement data-driven operations, establish trust, improve customer experiences, strengthen industry ecosystems, and, ultimately, achieve measurable business goals and outcomes. Each FoX practice is global, cross-functional, and organized as a virtual team, combining thought leadership with industry-leading analysis of critical technology trends and survey-based insights.
Contact IDC to learn more about FoX research.
About IDC
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,300 analysts worldwide, IDC offers global, regional, and local expertise on technology, IT benchmarking and sourcing, and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly owned subsidiary of International Data Group (IDG), the world's leading tech media, data, and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Blog for industry news and insights.