Consumers are increasingly turning to online and mobile channels to make retail purchases that they traditionally would have made in-store in prior years — thanks to new online purchasing experiences like click-and-collect and mobile order-ahead.
The Consumer Technology Association records factory sales to dealers of over 300 consumer tech products, software and services in the United States. It predicts that revenue from U.S. tech industry retail sales will reach a record $377 billion in 2018 — that’s a 6% increase over 2017.
Over half of the survey respondents said that their organization would dedicate more funding to IT. Security is a major corporate focus, according to 63% of respondents. Other areas of 2019 IT budget prioritization include cloud services, with 48% ranking it as a priority; and internal employee training, with 44% ranking it as a priority.
According to ESG research, 62% of enterprise organizations are now willing to buy a majority of security technologies from a single vendor. So, we are at the onset of the cybersecurity “platform wars” where vendors compete for bigger lucrative deals where deployment projects could span several years.
The jobs of the future will require students to have strong cognitive skills in mathematics and literacy, as well as soft skills such as problem-solving and creative thinking, to enable them to adapt to a quickly changing environment.
Smart City initiatives will attract technology investments of more than $81 billion globally in 2018, and spending is forecast to reach $158 billion in 2022, according to the latest worldwide market study by International Data Corporation (IDC).