IDC launches Future of X Scorecards for optimizing tech’s impact on business

IDC has introduced its Future of X Scorecards, designed to address the need for improved benchmarking in the development and execution of digital business strategies. As enterprises continue to invest in digital technologies and services and these digi… Continue reading IDC launches Future of X Scorecards for optimizing tech’s impact on business

IaaS networking services revenue to hit $19.4 billion in 2023

The importance of networking to and within cloud environments has grown significantly for enterprise customers as more and more applications, workloads, and data are moved to the cloud, according to IDC. IDC estimates that worldwide revenue for public … Continue reading IaaS networking services revenue to hit $19.4 billion in 2023

IT and business services market shows resilience with positive growth outlook

Worldwide IT and business services revenue is expected to grow (in constant currency) from $1.13 trillion in 2022 to $1.2 trillion in 2023, or 5.7% year-over-year growth, according to IDC. In nominal dollar-denominated revenue based on today’s ex… Continue reading IT and business services market shows resilience with positive growth outlook

Technology investments feel the impact of weakening economy

For the fifth consecutive month, IDC has lowered its 2023 forecast for worldwide IT spending as technology investments continue to show the impact of a weakening economy. 2023 forecast for worldwide IT spending In its monthly forecast for worldwide IT … Continue reading Technology investments feel the impact of weakening economy

IT security spending to reach nearly $300 billion by 2026

Worldwide spending on security solutions and services is forecast to be $219 billion in 2023, an increase of 12.1% compared to 2022, according to IDC. Investments in hardware, software, and services related to cybersecurity are expected to reach nearly… Continue reading IT security spending to reach nearly $300 billion by 2026

5G wireless connections to reach 5.9 billion by the end of 2027

5G continues its dominating advance, as global 5G wireless connections look to surpass 1.1 billion by the end of 2022, according to 5G Americas. Connections to 5G networks has on average doubled every year since its commercial inception in late 2018, r… Continue reading 5G wireless connections to reach 5.9 billion by the end of 2027

7 reasons why you must embed trust into the core of your business

As organizational trust becomes a top priority for companies of all sizes and industries, a new OneTrust report highlights seven key industry trends relevant to privacy, security, ethics, and ESG professionals in the coming year. “Looking at the societ… Continue reading 7 reasons why you must embed trust into the core of your business

IDC predicts two of the most important IT developments will be as-a-service products and processes and tech-by-wire

The firm’s FutureScape report for 2023 cites continued skills shortages, more tech supply chain woes, and a need for trust in automation among its list of top 10 IT predictions.
The post IDC predicts two of the most important IT developments will be as… Continue reading IDC predicts two of the most important IT developments will be as-a-service products and processes and tech-by-wire

Cybersecurity is driving digital transformation in alternative investment institutions

As the alternative investment industry tackles a rapidly changing threat landscape, increased regulation, and a continuous need to innovate, most firms are increasing their DX and security budgets and cite security as critically important to their DX i… Continue reading Cybersecurity is driving digital transformation in alternative investment institutions