“This is the highest annual growth rate that Gartner has forecast since 2007 and would be a sign of a new cycle of IT growth,” said John-David Lovelock, a research vice president at Gartner. “However, spending on IT around the world is growing at expected levels and is in line with expected global economic growth. Through 2018 and 2019, the U.S. dollar is expected to trend stronger while enduring tremendous volatility due to the uncertain political environment, the North American Free Trade Agreement renegotiation and the potential for trade wars.”
Original source: Gartner: IT spending to hit $3.7 trillion thanks to record 6.2% growth in 2018
Gartner says: “businesses will spend nearly $3.7 trillion on information technology hardware, software and services in 2018, up 4.5 percent [y/y]”
Original source: Driven by AI, blockchain and IoT, IT spending could hit $3.7 trillion in 2018 – SiliconANGLE
“fully 50% of the 872 respondents said their company is giving a ‘green light’ for IT spending. That was the highest reading since 2007, and 13 basis points higher than the average survey response for the month of November for the previous five years”
Original source: Green light for IT spending in 2018
“The world isn’t about to end, however. Yes, Forrester reveals in its “Understanding Shifting Technology Acquisition Patterns” research note that lines of business are taking on a greater role in technology purchasing, removing IT from the purchasing process in 6.3% of new technology purchases in 2013, rising to 7.2% in 2015, while IT-only purchases will fall from 23.7% (2013) to 21.6% (2015).”
Source: Don’t make the mistake of thinking the CIO is irrelevant – TechRepublic
“I got plenty of things wrong in the article, but I think the ensuing ten years have shown that the piece was fundamentally on target in predicting the rise of what we now call the cloud.”
The end of corporate computing (10th anniversary edition)
At first they was like:
The re-forecast indicates global expenditure will shrink 1.3 per cent on 2014 to $3.66tn, which is way off last year’s prediction of 3.9 per cent growth, later revised to a more modest rise of 2.4 per cent in January.
Then they was like:
Removing the currency effect [of the “strong dollar”] reveals a different story Lovelock said: the market would be growing closer to 3.1 per cent.
Yeah. Good luck figuring that out. So, people are still buying more IT globally, right?
Currency markets screwing up global IT spending
As I mentioned, a few weeks back I was in a recorded “think tank” put on by Dell which was, largely, about the changing nature of IT and how CIOs could go about managing it. For those who don’t want to nuzzle up to a 3.5 hour recording (perhaps with a six pack and some chips?), Dell has pulled some highlights:
“What do customers expect in an application today?”
IT is facing competition for the first time ever
The Web Of C-Level Relationships
The Willy-wonky of Servers talks about “persistently, ubiquitously connected to the network era”
And check out Barton’s omnibus overview. For the record, I got a much needed hair-cut the next week.
The video for the think tank I mentioned last week is up. They say they’ll slice it into smaller chunks as well, but if you’re interested in a discussion of sorting out how “The IT Department” can do more than keep the lights on, here’s 60+ minutes on it!