International Data Corporation (IDC) recently released “IDC FutureScape: 2023 Forecast of Global Future Smart Market - China’s Enlightenment”, which forecasts the smart market in the next five years and points out ten major trends.

Trend 1: Future intelligence will bring disruptive competitive advantages to enterprises. By 2024, enterprises with intelligent technology will have nearly five times the decision-making speed of ordinary enterprises, thus having the first-mover advantage in new fields.

Trend 2: Digital leadership is highlighted. By the middle of 2025, CEOs with digital leadership will increase their investment in future intelligence by 60% to cope with the economic downturn and quickly accept market challenges.

Trend 3: Video analysis and monitoring is deeply promoted. By 2024, 60% of enterprises using video monitoring technology will apply video data analysis technology to make the overall decision-making process of operation more efficient.

Trend 4: Intelligence will break the boundary in the future. By 2025, 85% of China’s top 500 enterprises will pay more attention to the challenges and opportunities brought by external threats (such as supply chain disruption) to local operations.

Trend 5: Artificial Intelligence is safe and reliable. By 2026, in the process of promoting the development of data culture, enterprises need to focus on “AI security and credibility”, which can better help enterprises achieve business objectives.

Trend 6: Real-time data decision-making. By 2025, 90% of China’s top 500 enterprises will use real-time data to optimize output results, such as using event flow technology to improve customer experience.

Trend 7: The need for active risk management has exploded in an all-round way. By 2027, 60% of large enterprises will focus on the construction of data center with risk control function, so as to measure the inherent risks in data and reduce risks through safety assurance and screening technology.

Trend 8: RPA + AI helps data management. By 2025, the complexity, volatility and resource scarcity of data will increase, and more than half of China’s top 500 enterprises will use artificial intelligence and automation technology to detect and automatically process data.

Trend 9: Data literacy and AI skills training. In the face of increasing demand for internal intelligent technology, 65% of China’s top 500 enterprises will set up special training programs to improve data literacy and AI skills to meet talent requirements by 2027.

Trend 10: High performance computing combined with AI and HPC. By 2027, 25% of China’s top 500 enterprises will expand their investment in Artificial Intelligence infrastructure to build performance-intensive algorithm facilities to solve complex problems, and use HPC-driven simulation models to improve the final results.