Cloud Computing: Digitization of Enterprises Help Drive the Tech Industry

Grazed from BusinessInsider. Author: Editorial Staff.

According to a research report by Deloitte, opportunities for technology companies have broadened considerably. Adoption of various technological innovative products is key to competitive advantage for many companies. An example of the 'digitization of the enterprise', is the adoption of cloud computing. The use of cloud computing provides small-to-medium sized enterprises with sophisticated capabilities which previously were available only to huge corporations.

Hot sectors within the technology industry include cybersecurity products, storage and bandwidth, advances in cognitive technologies, increasingly sophisticated data analytics, the Internet of Things and more. The adoption of technology by enterprises is reflected on IT Spending. Worldwide IT spending is forecast to grow from $2.46 trillion in 2015 to over $2.8 trillion in 2019, according to the new Worldwide Semiannual IT Spending Guide: Industry and Company Size from International Data Corporation (IDC). North America will provide the largest share of global IT spending, and it is forecast to pass the $1 trillion mark in 2017...

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