Technology sector

Perspectives

2019 Technology Industry Outlook

Cloud platforms can provide a gateway to powerful AI tools that fuel agility and innovation

Growth is the watchword of our annual technology outlook this year. Paul Sallomi, Deloitte global technology, media, and telecommunications leader and US and global technology sector leader, weighs in on what’s ahead for tech.

Interview with Paul Sallomi

As we enter 2019, innovation and agility have become essential competitive ingredients for any organization, regardless of industry. According to Paul Sallomi, global technology, media, and telecommunications industry leader and US and global technology sector leader, companies need to take even greater advantage of cloud platforms that make powerful artificial intelligence (AI) tools and services available to broad ranges of users. These tools are helping accelerate experimentation, “democratize” innovation, boost agility, and power organizations’ digital transformation journeys.

Paul Sallomi shares highlights of the Deloitte 2019 Technology Industry Outlook

This publication contains general information only and Deloitte is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This publication is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your business. Before making any decision or taking any action that may affect your business, you should consult a qualified professional advisor.

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Endnotes

1 Gillian Crossan, Susanne Hupfer, Jeff Loucks, and Gopal Srinivasan, Accelerating Agility with XaaS, Deloitte Center for Technology, Media & Telecommunications, Deloitte Insights, 2018.
2 Respondents included IT execs and line-of-business managers from companies that consume at least 15 percent of their enterprise IT on an XaaS basis.
3 Jeff Loucks, Tom Davenport, and David Schatsky, State of AI in the enterprise: 2nd Edition: Early adopters combine bullish enthusiasm with strategic investments, Deloitte Insights, 2018.
4 Alison DeNisco Rayome, “Digital transformation will lead 60% of enterprises to move IT off-premises by 2019,” TechRepublic, January 18, 2018.
5 “By the numbers: Hybrid cloud,” Microsoft Azure, July 6, 2018.
6 John Callahan, “Blockchain & biometrics: The future of identity”, Veridium blog, May 25, 2018.
7 Alastair Johnson, “Biometrics and blockchain will beat credit card fraudsters,” Biometricupdate.com, August 20, 2018.
8 “R3 Blockchain consortium looks into initial public offering (IPO) model,” Bitcoin Exchange Guide, July 14, 2018.
9 Jonathan Auerbach, “Why partnership is the business trend to watch,” World Economic Forum, January 16, 2018.
10 Gillian Crossan, Susanne Hupfer, Jeff Loucks, and Gopal Srinivasan, Accelerating Agility with XaaS, Deloitte Center for Technology, Media & Telecommunications, Deloitte Insights, 2018.
11 Bill Briggs, Khalid Kark, Anjali Shaikh, and Kristi Lamar, Manifesting legacy: Looking beyond the digital era, Deloitte, August 8, 2018.
12 Steven R. Perkins and Joel Waterfield, “Tech companies to cash in on repatriation windfall,” Grant Thornton, February 8, 2018.
13 Helen Edwards and Dave Edwards, “What will big tech do with all its repatriated cash? Buy everything,” Quartz, January 31, 2018.
14 Deloitte’s analysis based on Thomson Reuters SDC data, July 2018.
15 Jeff Desjardins, “The biggest tech companies in the world have bought up a lot of smaller startups,” Business Insider, March 4, 2018.
16 Eric W. Sleigh, “After GDPR, what’s next for technology companies?,” Thomson Reuters, May 25, 2018.
17 “India cloud panel pushes for data sovereignty requirement”, Reuters (Computerworld), August 6, 2018.
18 Fredrik Ohlsen, “While you were busy with GDPR – The US CLOUD Act was passed, and it has significant impact for European organisations" Data Economy, June 18,2018
19 Lee Rainie, “Americans’ complicated feelings about social media in an era of privacy concerns,” Pew Research, March 27, 2018.
20 Jeff Loucks, Tom Davenport, and David Schatsky, State of AI in the enterprise: 2nd Edition: Early adopters combine bullish enthusiasm with strategic investments, Deloitte Insights, 2018.
21 Kimberly A. Whitler, “Why companies are turning to chief data officers to generate more value out of data,” Forbes, July 28, 2018.
22 “Gartner estimates that 90 percent of large organizations will have a chief data officer by 2019,” Gartner (press release), January 26, 2016.
23 We analyzed companies in our study based on the number of implementations and their sophistication in implementing and managing AI. We found that the segment that was the most sophisticated and had launched the most pilots said they had a more acute skills gap.

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