Worldwide IT spending will peak at $3.8 trillion in 2014, marking the beginning of the Digital Industrial Economy era , according to analyst firm, Gartner.
Addressing 8000 CIOs and IT leaders at Gartner Symposium, Senior Vice President Peter Sondergaard said the 3.6 percent increase from 2013 indicates that every budget is becoming an IT budget, every company a technology company, every business a digital leader, and every person a technology company. Earlier, the firm had forecast the industry would hit those figures in 2013.
"The Digital Industrial Economy will be built on the foundations of the 'Nexus of Forces' (which includes a confluence and integration of Cloud, social collaboration, mobile, and information) and the 'Internet of Everything' by combining the physical world and the virtual," Sondergaard said.
"Digitalization exposes every part of your business and its operations to these forces. It is how you reach customers and constituents, how you run your physical plant, and how you generate revenue or deliver services."
To read this article in full or to leave a comment, please click here
ConversionConversion EmoticonEmoticon