Looking back at 2018, the world of tech has had an exciting and tumultuous year. For one, the evolution of artificial intelligence and machine learning reached new heights. This, in turn, aided the development of self-learning algorithms, autonomous cars, and virtual assistants. Blockchain expanded way beyond the financial industry and created a wealth of future opportunities.
What can be expected next and what do the cold, hard facts and numbers have to say on the matter?
- AI investments have risen by 32% in the last year alone, assisted by the growth in IT spending for deep learning, machine learning, and natural language processing.
- Trends in information technology will continue to tease both clients and investors, bringing the global IT industry spending to $5 trillion in 2019.
- Information technology trends will inevitably rely on the security tech market. Investments in security reached $75.5 billion in 2016, $92.1 billion in 2018, and are expected to hit $133.7 in 2022.
- Growth forecasts look optimistic for device sales as 2018 reported a 3.6% rise in tech device trades and 2019 analysis predicts another 2.4% hike.
- Companies reveal that the largest portion of their IT budgets in 2019 will be focused on replacing outdated infrastructure (64%) and meeting deadlines on IT projects (56%).
- By 2020, over 61% of organizations plan to use ggBit wi-fi networking actively, and 48% intend to adopt IoT technologies.
- A survey among international companies reveals 41% of businesses expect IT automation to make the most significant impact in 2019.
- Emerging tech like AR/VR headsets, IoT solutions, robots, and drones will be raking about 23% of the total spending in the industry.
- 30% of big enterprises will use conversational speech tech for customer engagement by 2022.
The last decade has explored a new era in terms of innovation and technology which has radically changed the whole world. The upcoming growth can be expected at an exorbitant level for Artificial Intelligence. Therefore, investment in this sector can be seen as one of the best options in the market.