In the past 12 months, significant transformations have taken place, driven by AI, with far-reaching implications for both the global landscape and the tech industry in a constantly evolving manner. In every conversation I have with colleagues, we discuss how AI is driving faster returns on investment for customers across almost all industries, unlocking new opportunities and significant financial potential. According to IDC, the advent of generative AI is expected to boost global GDP by a staggering $10 trillion within the next decade.1
As Microsoft approaches its 50th anniversary, we remain committed to enabling every individual and organization globally to achieve more. We take pride in spearheading the AI revolution, delivering a robust AI platform that empowers partners and companions to elevate their offerings, amplify productivity, and propel business excellence. Microsoft’s Copilot technology, along with the Copilot stack and Copilot+ PCs, is revolutionizing the way we approach safety, aligning seamlessly with our commitment to prioritizing safety.
Together, these instruments offer a remarkably nuanced foundation for harnessing information and developing AI capabilities that deliver previously unimaginable, transformative experiences.
Microsoft commissioned a global study by IDC, “Unlocking Value: How AI Drives Financial Impact,” to help partners better comprehend the value that AI can unlock. According to a comprehensive study conducted by IDC, more than 600 caregivers globally were polled in order to gather valuable insights for this research. This study examines the value proposition that partners derive through their collaborations with Microsoft, leveraging our expertise in AI. The study’s primary discoveries are as follows:
- For every dollar of Microsoft income, partners generating provider solutions produce $8.45, while those developing software yield a significantly higher return of $10.93.
- The artificial intelligence industry is poised for significant growth, with estimates suggesting that GenAI will experience a staggering 86% expansion between 2022 and 2027 – an astonishing 13 times the overall rate of growth in the broader IT sector.
- Partners working closely with Microsoft typically experience a substantial increase in revenue generated from their own services, and AI’s impact is amplifying this trend even further. According to IDC’s research, a staggering 62% of revenue generated by complete companions originates from healthcare providers.
- As the demand for artificial intelligence (AI) solutions continues to soar among customers, software program growth companions are capitalizing on this trend by seamlessly integrating Microsoft’s AI capabilities into their own applications, thereby creating novel AI-powered offerings that cater to a wide range of industries.
- The Microsoft AI Cloud Companion Program’s key benefits comprise a diverse range of coveted features, prioritizing enhanced AI-driven interactions between companions and users.
The data is presented in a concise manner:
IDC’s May 2024 report provides financial insight into the industry. According to the survey, the value of the market segment is 638.
Firms leveraging digital companions focused on delivering services and software solutions are witnessing a more substantial multiplier effect, as AI continues to drive this trend. Accordingly, a significant proportion of Microsoft partners express optimism regarding AI’s potential to boost their Microsoft-centric earnings and profitability.
According to the latest IDC Microsoft Companion Financial Worth Survey (May 2024), the total value of Microsoft’s supply chain is estimated to be approximately $638 billion.
Bain & Firm is a world administration consulting agency that helps companies drive transformative change, specializing in technique, operations, and know-how. Bain, a renowned consultancy, partners with diverse organisations across multiple sectors to develop practical solutions that tackle clients’ most pressing challenges, unlocking valuable insights from data and AI-driven innovation. These transformations empower buyers to engage more effectively with various stages of the AI journey, driving provider interactions.
Convergent Computing (CCO) is a consulting enterprise based mostly in California with 100 staff, specializing in Knowledge & AI (Azure), Trendy Work, and Safety. The Centre for Creative Organisations (CCO) boasts a pool of 160 prospects that are vigorously involved in the realm of Artificial Intelligence (AI), thereby perceiving it as a potent catalyst for growth.
As the digital landscape continues to transform, companies from diverse sectors are undergoing a significant metamorphosis, transforming themselves into tech-driven entities in recognition of the unparalleled value that generative AI can bring to their enterprises. Accelerated by a surge in innovation, the widespread adoption of artificial intelligence is transforming the way we live and work. Businesses and companions globally are relying on Microsoft’s expertise in the fields of information management, cloud computing, cybersecurity, and artificial intelligence. The impact of AI on advancements is explicitly evident according to the findings in the recent IDC study, as reported by Microsoft’s expert partners.
Regardless of where you are in your cloud and AI transformation journey, Microsoft’s expertise can help accelerate your progress. What a remarkable commitment! Microsoft is deeply committed to empowering the success of its partners.
To identify the most transformative initiatives for your e-commerce venture to undertake in the next 12 months.
IDC, sponsored by Microsoft, “Market Insights: The Future of Work in the United States”, Report Number: US52483124, September 2024.
1 IDC Infographic, sponsored by Microsoft, “The Enterprise Alternative to AI,” IDC# US51315823, November 2022.
