Worldwide ICT spending on hardware, software, services and telecommunications will reach $4.6 trillion by 2022, representing average growth of 4 percent per year. Commercial customers will represent around 63.5 percent of total spending by 2022 ($2.9 trillion), while consumers will account for 36.5 percent ($1.7 trillion), according to IDC.
Of the 58% of global enterprises operating in the cloud, two-thirds already operate four-or-more different cloud stacks. If you’re not there yet, you soon will be — and you must treat multicloud as an operational reality, refining your ability to integrate and operate solutions.
Fintech has discovered SMB banking. “Small and medium-sized businesses are crucial sources of revenues and profits at most banking providers, so the prospect of bank brands losing their relevance among SMEs should keep bankers awake at night.”
“Most community banking providers can’t match the digital sophistication of megabanks. But River Valley Bank and it’s aptly named ‘IncredibleBank’ online unit prove that small fish can swim with the sharks. Here’s how this community bank manages to innovate and thrive without selling its soul.”
The worldwide cloud computing infrastructure market had another strong quarter in Q4 2018, as spending grew 46 percent to nearly $23 billion. The total outlay on cloud infrastructure in 2018 exceeded $80 billion — that’s up from $55 billion in 2017.