Gartner Identifies Top Vertical Industry Predictions for IT Organizations for 2014

Gartner, Inc. has revealed its top industrypredictions for IT organizations and users for 2014 and beyond. Most industries are facing accelerating pressure for fundamental transformation, including embracing digitalization in order to survive and stay competitive.

CIOs and other IT and business leaders should use Gartner's predictions and recommendations to better understand the forces that are changing their world and develop strategies to address the requirements of this fast-changing business environment.

Top industry predictions include:

-- By 2016, poor return on equity will drive more than 60 percent of banks worldwide to process the majority of their transactions in the cloud.

-- By year-end 2017, at least seven of the world's top 10 multichannel retailers will use 3D printing technologies to generate custom stock orders.

-- By 2017, more than 60 percent of government organizations with a CIO and a chief digital officer will eliminate one of these roles.

-- By 2017, 40 percent of utilities with smart metering solutions will use cloud-based big data analytics to address asset-, commodity-, customer- or revenue-related needs.

-- By year-end 2015, inadequate ROI will drive insurers to abandon 40 percent of their current customer-facing mobile apps.

-- Full-genome sequencing will stimulate a new market for medical data banks, with market penetration exceeding three percent by 2016.

-- By 2016, 60 percent of U.S. health insurers will know the procedure price and provider quality rating of shoppable medical services in advance.

-- Through 2017, K-12 online education spending will increase 25 percent, while budgetary constraints will keep spending on traditional instructional categories stagnant.

-- By 2018, 20 percent of the top 100 manufacturers' revenue will come from innovations that are the result of new cross-industry value experiences.

-- By 2018, 3D printing will result in the loss of at least $100 billion per year in intellectual property globally.

-- By 2017, 15 percent of consumers will respond to context-aware offers based on their individual demographics and shopper profiles.

-- By 2015, 80 percent of life science organizations will be crushed by elements of big data, exposing poor ROI on IT investments.

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