Oracles at Gartner have been shuffling their tarot cards and claim that new disruptive technology like the Internet of Things (IoT) will mean that worldwide IT spending is projected to total $3.5 billion in 2017.
The projection is a 2.4 percent increase from 2016. After consulting the liver of a particularly fat ram, Big G predicted that the declining US dollar for the growth rate is up from the previous quarter’s forecast of 1.4 percent.
Gartner vice president and analyst at John-David Lovelock said that digital business is having a profound effect on the way business is done and how it is supported.
“The impact of digital business is giving rise to new categories. For example, the convergence of ‘software plus services plus intellectual property.”
Lovelock said impactful industry-specific disruptive technologies include IoT in manufacturing, blockchain in financial services and other industries, and smart machines in retail.
The worldwide enterprise software market is forecast to grow 7.6 percent in 2017, up from 5.3 percent growth in 2016.
Gartner explained that as software applications allow more firms to grab revenue from digital business channels, there will be a stronger need to automate and release applications.
The increased adoption of SaaS-based enterprise applications, will see an increase in acceptance of IT operations management tools that are also delivered from the cloud, Lovelock predicted.
“These cloud-based tools allow infrastructure and operations organisations to more rapidly add functionality and adopt newer technologies to help them manage faster application release cycles.”
Gartner found worldwide spending on devices — PCs, tablets, ultramobiles and mobile phones — is projected to grow 3.8 per cent in 2017, to reach $654bn.