Worldwide spending on AI systems is forecast to reach $35.8 billion in 2019 — that’s an increase of 44 percent over the amount invested in 2018. IDC expects spending on AI systems will more than double to $79.2 billion in 2022 with a compound annual growth rate (CAGR) of 38 percent over the 2018-2022 forecast period.
The top IT initiatives for 2019 were Cloud or Hybrid Computing (46%), Modernizing Infrastructure (38%), Data Governance (32%), Advanced or Predictive Analytics (25%). IT professions were split on top challenges, with 38% selecting the Skills and Staff Shortage.
North America is the largest region for wearable medical devices. It’s expected to reach $13.2 billion in revenue by 2023. The Asia-Pacific region’s unmet need for healthcare technology and the growing geriatric population give it the greatest potential for growth.
via BCC Research
According to the Forrester outlook, a weakening global economy will cause the worldwide technology market’s growth to slow from 5% in 2018 to 3.8% by 2020. However, the U.S. market is forecast at $1.46 trillion in 2019, that’s 6.3% growth.
Beware of the ‘digital copycat’ me-too IT vendors. “Only a thin tier of technology services vendors has the breadth of capability to help shape, execute, accelerate, and scale true digital business transformation on a global scale.”
Savvy CIOs and CTOs at innovative retailers and other progressive organizations are piloting and deploying new cognitive technologies that enhance their customer experience. This is an acceleration of the ongoing trend that’s very likely to transform legacy online support applications.
A future where personal digital healthcare assistants monitor every aspect of our health and well-being, and screening for and treating disease is tailored to our DNA, isn’t science-fiction. It’s getting closer every day.