More and more non-technology companies are adopting digital technologies like AI, data analytics, and machine learning. This study of the economic performance of non-tech firms adopting new digital technologies finds a persistent future increase in valuation.
“Our study of hundreds of S&P 500 CEOs shows some are better than others at building this quality that separates them from the pack, what we call innovation capital — an intangible capital that helps you win backing to turn novel ideas into reality.”
via Chief Executive
European companies are forecast to spend $399 billion on IT in 2019. More than half of that spending (58.9%) will come from the IT budget, while the remainder (41.1%) will come from the budgets of technology buyers outside of the IT organization.
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.
“The largest number of Augmented and Virtual Reality deals by category in 2018 were in core tech, games, photo/video, solution/services, enterprise and smartglasses. However, there was a broad range of deals across 21 other AR/VR categories last year.”
via Digi Capital
The latest worldwide market study finds $174 million in Industrial and IoT Blockchain spending today and predicts the market will expand to $573 million by 2023 – driven by encouraging pilot project results and ongoing corporate investments.
via IoT Analytics