According to a latest Gartner report, Indian Corporates are expected to spend a total of $101.8 billion on Information technology (IT) in 2022 to support new IT projects. This marks a 7% increase in IT spending as compared to 2021, which saw India spend $95.1 billion on IT services, the report released on Wednesday said. The spending decisions in 2022 will be driven by new projects that drive innovation, modernizing legacy systems, hiring the talent to support the projects and building an IT architecture that can withstand future disruptions. In terms of the highest growing segment, spending on software services is expected to grow at 14.4% from 2021 to reach a total of $10.5 billion.
According to The Future Health Index 2021, the AI & ML market in healthcare is among the most promising ones. About 40% of healthcare organization leaders in different countries consider the development of the above technologies a major driver for the future sustainability of global health.
As per Gartner Survey Finds 74% of Logistics Leaders Expect Their Logistics Outsourcing Budget to Increase in the Next 2 Years.
A new report based on surveys by from GlobalData, finds that professionals now believe AR will disrupt their industry more than AI. AR and AI are both important emerging technologies that can often go hand-in-hand, but it’s clear that the latter is losing its perspective among professionals as having the biggest impact on their industries over the coming years. Majority of the respondents across thirty business sectors picked AR as disrupting their industry most out of a selection of seven emerging technologies: AI, cybersecurity, cloud computing, IoT, blockchain, and 5G. However, majority of the respondents believe that AI will live up to all of its promises compared to just 26 percent for AR.