According to the latest worldwide market study by Juniper Research, global retailer spending on AI will reach $7.3 billion per year by 2022 — that’s up from an estimated $2 billion in 2018, as retailers target new avenues to increase personalization of the customer experience.
A worldwide survey of organizations by Gartner showed that 91 percent of organizations have not yet reached a transformational level of maturity in enterprise data and analytics — despite this area being a number one investment priority for CIOs and CTOs in recent years.
According to the latest worldwide market study by 451 Research, enterprise IT leaders are embracing a new model of off-premises, service-oriented IT solutions and will be harnessing data in new ways to differentiate themselves in 2018.
Frost & Sullivan finds that the global market for healthcare cloud computing — revenue generated by cloud computing services offered to providers — will be worth almost $10 billion by 2021, primarily driven by the need to store the exponentially increasing volume of healthcare data.
Technology innovation is driving a rapid rate of change that has fueled unprecedented value creation, particularly for tech’s biggest winners, while disrupting incumbents in many industries. Major trends that will continue to strengthen in 2018 include e-commerce, cloud computing, digitization, online advertising, big data analytics, and the sharing economy.
Source: T. Rowe Price
“Today over 70% of CIOs have a cloud-first stance. Over the past decade, we’ve seen growing acceptance among enterprise companies in running production and analytics workloads in public cloud infrastructure as a service (IaaS). This interest has fueled a whopping compound growth of 34.6% in IaaS spending between 2013 and 2016.”