Cloud IT Infrastructure Market to Reach $52.3 Billion in 2018

Cloud IT Infrastructure Market to Reach $52.3B in 2018

Cloud service adoption continues to grow, as traditional IT vendors react to market demand. Total spending on IT infrastructure products for deployment in cloud environments is forecast to reach $52.3 billion in 2018 — that’s year-over-year growth of 10.9 percent, according to the latest worldwide market study by IDC.

via Digital Lifescapes

Cybersecurity Solution Spending will Reach $134 Billion

Cybersecurity Solution Spending will Reach $134 Billion

The online security market is expanding globally, and for good reason. The dramatic increase in connected devices has created a huge attack surface for cyber criminals. Whether their motive is mischief, or theft, the impacts can be far-reaching and very costly.

via Digital Lifescapes

Quest for Customer-Centric Marketing Leadership

Quest for Customer-Centric Marketing Organizations

Companies often say they embrace the concept and are making moves to change, or claim that they are already customer-centric. However, many can’t seem to fully commit to enacting the required operational, procedural and behavioral changes needed to be truly customer-first.

via Gartner

Digital Payments: Government Fintech Solutions in Action

Digital Payments: Government Fintech Solutions in Action

The digitization of payments is a necessary stepping stone in hauling anti-corruption systems into the 21st century. By leveraging payment data and advanced analytics, governments could save up to $1 trillion worldwide.

via World Economic Forum

Enterprise IT Investment is Driven by C-Level Strategy

Enterprise IT Investment is Driven by C-Level Strategy

Worldwide IT spending is projected to total $3.7 trillion in 2018 — that’s an increase of 6.2 percent from 2017, according to the latest market study by Gartner. Senior executives and line of business leaders continue to drive many of the strategic IT procurement decisions.

via Digital Lifescapes

Global Trade War is Driven by Technology Innovation

Global Trade War is Driven by Tech Innovation

Over the period 2012-2016, Goldman Sachs estimates that total AI investment in the U.S. were about $18 billion, compared with only $2 billion in China — big advantage to America. But by 2020 China intends to invest about $150 billion in AI — looming enormous advantage to China.

via Knowledge@Wharton

More Line of Business Leaders Drive Digital Transformation

Line of Business Leaders Drive Digital Transformation

In every industry, businesses are undergoing digital transformation, resulting in new business processes and, in some cases, new business models. Another change accompanying digital transformation is the shift in technology spending from IT to the line of business (LOB).

via IDC