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ECONOMY
IDC SAYS GLOBAL DIGITAL TRANSFORMATION SPENDING TO CROSS $2 BILLION IN 2019
February 6, 2016
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1.Global spending on digital transformation (DX) technologies is expected to cross $2.1 billion by 2019 as companies look at making better use of information related to customers, markets and products, according to research firm IDC.

2.The spending is forecast to grow at a compound annual growth rate (CAGR) of 16.8 per cent over the 2014-2019 forecast period, IDC said in a statement.

3.Spending on DX technologies in the U.S. will follow a similar trajectory, reaching nearly $732 million in 2019, it added.

4.These investments will focus on making business operations more responsive and effective by leveraging digitally-connected products/services, assets, people and trading partners, it added.

5.Information is not only used to inform better decisions and optimise operations and products, but is also monetised in the form of products and services, it said.