Digital transformation spending to hit $1.3tn in 2018
In a new report, the IDC has forecast that global spending on digital transformation technologies will reach $1.3tn throughout 2018, a 16.8% rise on the $1.1tn spent in 2017.
With spending on digital transformation technologies having experienced strong growth in recent years, the IDC is forecasting that the market will maintain a compound annual growth rate (CAGR) of 17.9% throughout the period 2016-2021, resulting in spending approximately $2.1tn by 2021.
Witihin this, the IDC expects that approximately half ($662bn) of all digital transformation spending will be designated to technologies supporting new operating models, with firms looking to implement innovative products and services.
“At this point in the digital transformation era, all industries are investing heavily in 3rd Platform technologies,” said Eileen Smith, Program Director in IDC's Customer Insights & Analysis Group.
“While some industries are more focused on the core technologies underlying the 3rd Platform, particularly cloud, big data and analytics, and mobility, many have shifted their investment focus toward the innovation accelerators, such as the internet of things, artificial intelligence and cognitive computing, and robotics.”
Whilst all industries are expected to benefit from digital transformation spending, those that are expected to invest the most during 2018 include discrete manufacturing ($214bn), professional services ($133bn), process manufacturing ($132bn), and transportation ($127bn).
For more information, see the IDC’s full Worldwide Semiannual Digital Transformation Spending Guide.
Searching for the Top 100 Leaders in Technology
The search is on for the Top 100 Leaders in Technology 2021 – nominated by readers of Technology magazine and open to all.
The initiative has been launched and nominations are now open, with the final, prestigious Top 100 due to be announced during Technology and AI LIVE running 14-16 September, beamed from London to the world.
This latest, definitive list of the leading executives and influencers in the industry will be announced at the event and shared across social media channels, this website, and presented in a special supplement that honours all of those named in our annual list.
The Top 100 Leaders follows on from the well-received Top 100 Women in Technology that BizClik Media Group (BMG) – publishers of Technology magazine, AI magazine and a growing portfolio of industry-leading titles – produced in March this year to coincide with International Women’s Day.
“The Top 100 Women recognised the incredible and influential women driving our industry,” says Scott Birch, editorial director, BMG. “The success of that initiative encouraged us to recognise the Top 100 Leaders – individuals championing everything that we love about technology and embracing best practice that’s good for business.”
Nominations are already coming in, with some notable highlights including:
Rhonda Vetere - Herbalife
Bryan Smith - Expedient
Nominate your Top 100 Leader HERE
The deadline for nominations closes on Sunday 1 August 2021, and it is free to nominate. The Top 100 Leaders will be announced across our platforms and at the LIVE event.