Below is an interesting video clip from Peter Sondergaard’s keynote speech at Gartner Symposium/ITxpo Orlando 2010. Peter is the SVP & Global Head of Research from Gartner, presenting to more than 7,000 CIOs and IT leaders.
During his presentation he talks about:
One of the key quotes from his speech is that information will be the oil of the 21st century. This echoes other research we’ve cited and some of the conversations we are having with our customers. We've included a timeshift timeline below.
00:01 Enterprise IT spending 2000 to 2015 will be flat or depressed in developed countries with rapid IT spending planned in emerging economies.
01:57 IT spending patterns, consumerization of technology and the explosion of information is transforming us all to an IT driven intelligence society. A society where we can make better and smarter decisions.
03:47 The IT platform for massive change is now in place that will make information the oil of the 21st century.
Macro predictions such as these can be useful when tempered with the unique factors affecting an industry or an individual company. Our view is that information needs to captured, usable, useful and actionable. Key functional areas and processes also need to be factored into any form of business improvement project.
“Information will be the oil of the 21st century” - Peter Sondergaard, SVP and Global Head of research, Gartner
While ECM, scanning and capture technologies aren’t mentioned in his keynote they are key tools that companies can use to better gather, find and leverage the streams of information coming in and going out every day.
These technologies help automate time consuming and error prone processes, reduce complexity, cut costs and improve overall visibility of important information. While IT budgets, for the most part are flat, there may be a business case to invest in ECM and Capture technologies to better leverage information, improve productivity and cut costs. Better information, more productivity and lowering of costs can potentially free up funds for other initiatives within the IT department.
Feel free to leave a comment below and let us know what your thoughts regarding information being the oil of the 21st century. Is this old news? Is it possible? Is it realistic?
Alfredo De Vanna is CTO of Yakidoo. He has over 10 years of international experience deploying over 80 critical information technology and enterprise content management systems. He is fluent in English and Spanish.