Government IT spending set to soar in post-pandemic world

As they look to modernize their infrastructure in the post-pandemic world, governments around the globe are expected to increase their spending on IT tech, according to a new Gartner report that forecasts IT spending will hit $557.3 billion in 2022 – up 6.5 percent compared to this year. “Governments will continue to accelerate investments in digital technologies to respond and …

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IT spending set for another year of growth

Businesses are expected to spend a total of $4.2 trillion on information technology (IT) this year, an increase of 8.6 percent on 2020, a new report from Gartner suggests. The analyst firm claims organizations are still suffering revenue declines, but that many of them are increasing their IT spending ahead of revenue expectations. However, boards and the C-Suite are not …

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UK businesses are spending big on security, but drowning in false positives

Businesses in the UK are spending serious money on cybersecurity tools and programs, but instead of tightening up on security, these tools only increase the number of false-positive alerts. This is according to a new report from CDN provider Fastly, which says false positives are having a major impact on the bottom line. Polling 250 UK information security and IT …

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Global security spending set for another huge rise

After a solid 2020, in which spending on security and risk management technology grew by 6.4 percent, 2021 looks set to continue on the same track. The latest report from market analysts Gartner states that worldwide spending in the field is expected to grow by 12.4 percent this year and hit $150.4 billion. This spending is fueled by two key …

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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, …

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Cloud spending topped data centers for the first time last year

Businesses around the world spent more money on cloud infrastructure than they did on on-premise solutions for the first time last year, new figures have said. A report from market researchers Synergy Research Group claims enterprise spending on cloud-based solutions grew by another third (35 percent) in 2020, compared to the year before, adding that total annual spending has now …

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SMBs will use technology to capitalize on post-pandemic spending boom

If they play their cards right, small and medium-sized businesses (SMB) in the UK stand to profit from a post-lockdown spending spree, a new report from small business platform provider Xero claims. According to Xero, many firms believing deploying the right technology will be key to taking advantage of post-pandemic spending. The report states that consumers have saved plenty of …

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Vaccine programs driving increase in government IT spending

As vaccine rollouts gather pace, laying the foundation for economic recovery, governments around the world will look to speed up their digital transformation initiatives and prepare for an increasingly software-oriented future. This is according to a new report from analyst firm Gartner, which claims governments worldwide will spend more on software and remote working solutions, such as collaboration tools. Gartner …

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Businesses are struggling to keep track of their cloud spending

Businesses are adopting cloud services at a massive scale, but are struggling to keep track of their spending. This is according to a new report from the FinOps Foundation, a non-profit trade association that seeks to establish industry standards for cloud financial management, as per a ZDNet report. Polling more than 800 FinOps practitioners (people tasked with monitoring, measuring and …

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Cloud spending hits new high in pandemic working world

Spending on cloud infrastructure grew hugely in the last quarter of 2020 as businesses around the world continued to invest in new remote working services. The latest figures from analyst firm Canalys saw a 32 percent year-on-year increase in cloud infrastructure spending in Q4 2020 as investment reached $39.9bn – what it called the “largest quarterly expansion in dollar terms” …

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