The rise of the digital economy is driving rapid and fundamental changes in businesses and their operating models. In this new era, business success will increasingly revolve around a company’s mastery of digital technologies—from consumer applications to the Internet of Things and beyond.

At the heart of this transformation is digitalization, which Gartner defines as “the use of digital technologies to change a business model and provide new revenue and value-producing opportunities; it is the process of moving to a digital business.”

In this new era, speed and agility are keys to the success of a business—and this shift has major implications for IT organizations. IDC predicts that by 2019, 40 percent of IT projects will create new digital services and revenue streams that monetize data.