New devices drive global IT spending: Survey
WASHINGTON (AFP) - Global spending on information technology is expected to reach US$3.8 trillion (S$4.7 trillion) in 2014, driven by growth in connected devices ranging from jewellery to refrigerators, researchers said on Monday.
A report by the research firm Gartner said IT spending is expected to increase 3.6 per cent from 2013.
The vast expansion of digital devices affects just about every industry in what is described as the Digital Industrial Economy, according to Gartner researcher Peter Sondergaard.
Mr Sondergaard said this means every company is becoming a technology in an era of the "Internet of Things." "Digitalisation exposes every part of your business and its operations to these forces," he said. "It is how you reach customers and constituents, how you run your physical plant and how you generate revenue or deliver services.