Digital Insights Newsletter: December 2019 - Research Note
Momenta Partners Digital Industry Predictions for 2020
Posted by Ken Forster
Based on the keen interest of the audience, we have compiled an in-depth research note on the four predictions that were discussed by our experts during our 2020 Predictions webinar that took place earlier this month. To review the webinar, please click here.
2020 is the kind of round number date to which we arbitrarily attach significance. If you travel back in time five years or so, you will find no shortage of predictions focused on 2020. They typically involved what the size of a market will be: “The Industrial Internet of Things will be a $1T market by 2020” or as one well-known industrial organization predicted: “Our digital business will be $15B by 2020.” We now know how these predictions turned out.
Momenta Partners’ 2020 predictions reflect what we already see happening in the market and what we expect to continue. The industrial and infrastructure worlds are still in the early stages of digital transformation – particularly in comparison to other sectors such as retail and finance – but this is not a reason for complacency. The technology to support our predictions already exists and organizations can, and should, act now. Significant obstacles remain and we have extensively elaborated on these and included concise recommendations for how they can be addressed.
In addition to our specific and actionable predictions described below, we predict another certainty: By the end of the 20s, none of us will recognize the industrial world nor will we have predicted all of its manifestations.
Momenta Partners encompasses leading Strategic Advisory, Talent, and Venture practices. We’re the guiding hand behind leading industrials’ IoT strategies, over 200 IoT leadership placements, and 25+ young IoT disruptors. Schedule a free consultation to learn more about our Digital Industry practice.