Category Archives: Investment

Worldwide ICT spending forecast to reach $4.3 trillion in 2020

Worldwide spending on information and communications technology (ICT) is forecast to reach $4.3 trillion in 2020, an increase of 3.6% over 2019, according to IDC. Commercial and public sector spending on information technology (hardware, software and IT services), telecommunications services, and business services will account for nearly $2.7 trillion of the total in 2020 with consumer spending making up the remainder. “The slow economy, weak business investment, and uncertain production expectations combined with protectionist policies … More

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Focus on cyber resilience increasing sharply as oil companies seek to protect their assets

Cybersecurity has emerged as the top focus of upstream oil and gas companies’ digital investments, according to a report from Accenture. The report is based on a global survey of 255 industry professionals, including C-suite executives, functional leaders and engineers. Increased investments in cybersecurity When respondents were asked which digital technologies their organizations are investing in today, cybersecurity was cited more than any other, by 61% of respondents – five times higher than the 12% … More

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Global spending on smart cities initiatives to total nearly $124 billion in 2020

Global spending on smart cities initiatives is forecast to total nearly $124 billion this year, an increase of 18.9% over 2019, according to IDC. The top 100 cities investing in smart initiatives in 2019 represented around 29% of global spending, and while growth will be sustained among the top spenders in the short term, the market is quite dispersed across midsize and small cities investing in relatively small projects. Smart grids still attract the largest … More

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What makes some organizations more cyber resilient than others?

Despite higher levels of investment in advanced cybersecurity technologies over the past three years, less than one-fifth of organizations are effectively stopping cyberattacks and finding and fixing breaches fast enough to lower the impact, according to a report from Accenture. Based on a survey of more than 4,600 enterprise security practitioners around the globe, the study explores the extent to which organizations prioritize security, the effectiveness of current security efforts, and the impact of new … More

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Automation is advancing faster than the enterprise knowledge required to support it

Automation is transforming the enterprise around the globe, directly impacting the bottom line as a result of improved productivity and efficiency, according to UiPath. But automation’s impact on the workplace is not well understood and cannot be ignored: automation raises concerns about the impact on jobs, skills, wages, and the nature of work itself. Forrester surveyed 270 decision makers from operations groups, shared services, finance, and other lines of business across the United States, United … More

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Privacy ROI: Benefits from data privacy averaging 2.7 times the investment

Customer demands for increased data protection and privacy, the ongoing threat of data breaches and misuse by both unauthorized and authorized users, and preparation for the GDPR and similar laws around the globe spurred many organizations to make considerable privacy investments – which are now delivering strong returns, Cisco reveals. The study is based on results from a double-blind survey of over 2,800 security professionals in organizations of various sizes across 13 countries. Privacy ROI: … More

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Companies risk revenue growth due to innovation achievement gap

While a majority of CEOs express strong confidence in the effectiveness of their current IT systems, most are struggling to close the innovation achievement gap to drive growth and revenue, according to a global study by Accenture. The is based on Accenture’s largest enterprise IT study conducted to date, including survey data from more than 8,300 organizations across 20 countries and 885 CEOs. Innovation achievement gap: Adopting new technologies The research, which analyzed the adoption … More

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Worldwide IT spending to total $3.9 trillion in 2020

Worldwide IT spending is projected to total $3.9 trillion in 2020, an increase of 3.4% from 2019, according to the latest forecast by Gartner. Global IT spending is expected to cross into $4 trillion territory next year. “Although political uncertainties pushed the global economy closer to recession, it did not occur in 2019 and is still not the most likely scenario for 2020 and beyond,” said John-David Lovelock, distinguished research vice president at Gartner. “With … More

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Six trends attracting the attention of enterprise technology leaders

Organizations around the world will accelerate enterprise technology investment in 2020, leveraging digital improvements to make them more competitive, improve connections with consumers, and keep up with the increasing demands of privacy regulation and security needs. Hyland has identified six technology trends that will drive these improvements and demand the attention of CIOs CTOs in the coming year and beyond. Prioritize cloud control Organizations will opt for managed cloud services to increase security and efficiency. … More

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