Global IT spending set for huge surge this year

In anticipation of greater economic stability this year, global IT spending is expected to rise by 8.4 percent. This is according to a new report from analyst house Gartner, which claims worldwide IT spending will hit $4.1 trillion in 2021.

The source of funds for new digital business initiatives, Gartner believes, will generally come from business departments other than IT, and will be charged as a cost of revenue or cost of goods sold.

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