Harnessing the potential of digital technology is critical to unlocking value in today’s global economy. For many corporations, digitizing has also become essential for their basic survival. As they invest in their digital transition, businesses need to determine where they will reap the most reward.
Across the globe, more CIOs and CTOs are planning significant IT infrastructure investments, as part of their organization’s digital transformation growth agenda. Worldwide IT spending is projected to total $3.7 trillion in 2018 — that’s an increase of 4.5 percent from 2017, according to the latest forecast by Gartner.
The new study from Juniper Research found that roboadvisor platform revenues will reach $25 billion by 2022 — that’s up from an estimated $1.7 billion in 2017, as the automation of wealth management revolutionizes the way individuals invest.
Vendor revenue from sales of infrastructure products (server, storage, and Ethernet switch) for cloud IT — including public and private cloud — grew 25.5 percent year-over-year in the third quarter of 2017 (3Q17) reaching $11.3 billion, according to the latest worldwide market study by IDC.