Tag Archive | business technology

Why LoB Spending on IT will Reach $609 Billion in 2017

LoB IT spending market research

Worldwide corporate IT spending funded by Line of Business (LoB) units will reach $609 billion in 2017 — that’s an increase of 5.9 percent over 2016, according to the latest market study by International Data Corporation (IDC).

Source: Digital Lifescapes

Why Digital Growth is Often Limited by Legacy IT Culture

digital growth market research

Rapid development of technology is leading 57% to rethink business models, while 49% say that company culture has changed as a direct result of digital.  Legacy systems are holding back progress for 50%, and the old organizational structure is a thorn in the side for 38%, according to a Nimbus Ninety market study.

Source: Nimbus Ninety

Fintech Trends – The End of Legacy Marketing at Banks

Fintech market research

Artificial Intelligence (AI) and machine learning will improve financial service sales and marketing by enabling processes and communication without continuous direction. The addition of voice-first communication systems could eliminate much of the power of ‘push marketing’.

Source: The Financial Brand

Open Digital Transformation: Industry Expertise Matters

Open Digital Transformation market research

Digital Business Transformation is at the center of new commercial growth strategies. Advances in IT technologies and associated accelerators are transforming whole industries and represent the largest driver of technology investment for the foreseeable future.

Source: Digital Lifescapes

Why the Financial Services Sector Embraced Hybrid Cloud

Financial Services Cloud Market Research

Calculations performed for Reuters by research firm IDC Financial Insights show the biggest global banks saving $15 billion by 2019 from cloud adoption, cutting technology infrastructure costs by 25 percent.

Source: Reuters

Big Data and Analytics Revenue will Reach $210 Billion

big data analytics market research

Worldwide revenues for big data and business analytics (BDA) will reach $150.8 billion in 2017, that’s an increase of 12.4 percent over 2016, according to the latest market study by International Data Corporation (IDC).

Source: Digital Lifescapes

Global Managed Security Services will Reach $33.68B

managed security market research

The managed security service market is expected to grow from $17.02 Billion in 2016 to $33.68 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 14.6 percent during the forecast period.

Source: Research and Markets