TECH

Companies to invest more than one billion euros in digital transformation
International Data Corporation (IDC) today unveiled its latest Semiannual World Digital Transformation Guide. The study predicts that companies throughout the world will, during 2019, invest 1.18 billion dollars (about 1.05 billion euros) in their digital transformation. This figure represents an increase of 17.9% compared to that of 2018.
Globally, companies have been making significant investments in technologies and services with the aim of realizing the digital transformation of their business models, organization, products and services. From the technological point of view, investments in hardware and services will account for more than 75% of all digital transformation spending in 2019.
At the top of these investments will be information technology services, with $ 154 billion (about 138 billion euros, followed by connectivity services with 102 billion dollars (91 billion euros). Hardware expenditures will be distributed across a number of categories, including enterprise hardware, personal devices, and IaaS infrastructure.
Expenditures on software related to digital transformation will total $ 253 billion in 2019. Technology categories that grow the most will be IaaS (35.9% CAGR), application development and deployment software (26.7% CAGR) and commercial services (26.5% CAGR).
"Digital transformation is fast becoming the driving force behind new technology and project investments between companies," said Craig Simpson, a researcher with IDC's Customer Insights & Analysis group. "Our study made it clear that companies that have invested heavily in digital transformation in the last 2-3 years are already reaping the rewards in terms of faster revenue growth and stronger net profits compared to companies lagging behind initiatives and digital transformation investments." Mundophone