As digital transformation is underway and accelerating in many industries, the information technology (IT) infrastructure of organizations is becoming increasingly crucial to an organization’s success. This is true across most sectors, including business, government, and non-profit. The overall global spending of businesses and governments on tech goods and services is a trillion-dollar industry today that can be broken down into different segments and deployment types to account for individual spending.
The role of technologies in value creation is affecting budgets and investments
IT budgets remain an essential cornerstone to organizations around the world. This is because business success today correlates with technology competence, which is illustrated by the convergence of technology and business strategy. Therefore, it is not surprising that businesses are investing in a plethora of technologies to make their business operations more efficient.
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