According to a recent market study, Canadian digital transformation technologies and services spending will surpass $16 billion in 2018, approximately 20% higher than the ~$14 billion spent in 2017. The investment will be led by the manufacturing industries and the business services sector.
The United States will see the largest blockchain investments and deliver more than 36 percent of worldwide spending throughout the forecast. Western Europe will be the next largest region for blockchain spending, followed by China and Asia-Pacific (excluding Japan and China).
In the U.S. market, no mobile wallet has emerged triumphant yet. The user base is split among operating systems and also fragmented across services like PayPal, bank-specific ventures like Chase Pay and retailer solutions like Walmart Pay.
The amount of money committed to digital video ads during the U.S. TV Upfronts and Digital NewFronts season will reach $3.64 billion in 2018, according to new estimates from eMarketer.
Over the period 2012-2016, Goldman Sachs estimates that total AI investment in the U.S. were about $18 billion, compared with only $2 billion in China — big advantage to America. But by 2020 China intends to invest about $150 billion in AI — looming enormous advantage to China.
The U.S. has been named the most promising market for innovation and technology breakthroughs that have global impact for the second year, with China following, both seen as leading regions of innovation and disruption, according to KPMG’s 2018 Global Technology Innovation Report.
The Wall Street Journal introduced its “Management Top 250” report, a comprehensive guide that examines how effective American companies are at navigating today’s complex business environment. The most effectively managed U.S. companies have incorporated the best strategies from the technology sector to promote innovation.