IoT, automation projects drive rise in IT spending

Worldwide IT spending will rise to $3.5 trillion in 2017, a 2.4 percent increase from 2016, according to industry researcher Gartner. “Digital business is having a profound effect on the way business is done and how it is supported,” says John-David Lovelock, a vice president and distinguished analyst at Gartner.

“Next-generation offerings will drive new categories of spending and include industry-specific disruptive technologies, such as the Internet of Things (IoT) in manufacturing, blockchain in financial services and smart machines in retail.” Per the Gartner spending forecast, the strongest growth will occur in the worldwide enterprise software market, which will rise 7.6 percent this year, up from 5.3 percent in 2016.

Author: Elliot M. Kass

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