spending
-
Blog
Global cybersecurity spending is set to rise 12% in 2025 – here are the industries ramping up investment
Global cybersecurity spending is expected to surge this year, fueled by escalating state-sponsored threats and the rise of generative AI, according to new analysis from IDC. Statistics from the consultancy’s Worldwide Security Spending Guide show spending is expected to grow by 12.2% across the year and to hit $377 billion by 2028. The bulk of this spending – 70% –…
Read More » -
Blog
IT consulting spending is ‘wasteful,’ says US Defense Secretary – Computerworld
The memo ordered the termination of 11 more contracts for consulting services supporting diversity, equity, and inclusion (DEI), climate, COVID-19 response, and other activites Hegseth described as non-essential. Accenture, Deloitte, and Booz Allen did not immediately respond to requests for comment. AI: automation, internally? Pareekh Jain, CEO at EIIRTrend & Pareekh Consulting, said he expects the Defense Department to follow…
Read More » -
Blog
Google shakes off tariff concerns to push on with $75 billion AI spending plans – but analysts warn rising infrastructure costs will send cloud prices sky high
Google CEO Sundar Pichai has confirmed the company will still spend $75 billion on building out data centers despite economic concerns in the wake of US tariffs. While many were paused or reduced yesterday, heavy tariffs still remain on China, potentially raising the cost of infrastructure projects deemed necessary to enable the development and rollout of AI. Speaking at the…
Read More » -
Blog
IDC warns US tariffs will impact tech sector spending
IDC has warned that the US government’s sweeping tariffs could cut global IT spending in half over the next six months. The research foundation said the new wave of trade tariffs will drive up technology prices, disrupt supply chains, and ultimately weaken global IT spending. As a result, the organization said it was developing a ‘downside scenario’ that would reflect…
Read More » -
Blog
Gen AI is in the ‘Trough of Disillusionment,’ Yet Spending Expected to Increase Through 2028
Global spending on generative AI will increase in 2025, but there will be fewer “ambitious projects,” according to a recent report from Gartner Distinguished VP Analyst John Lovelock. Generative AI spending will reach $644 billion in 2025. This is a jump of 76.4% from 2024’s numbers. In Gartner’s Hype Cycle, which roughly traces the rise, fall, and normalization of new…
Read More » -
Blog
Worldwide spending on genAI to surge by hundreds of billions of dollars – Computerworld
This year is expected to be the year of the AI PC, according to Forrester Research. It defines an AI PC as one that has an embedded AI processor and algorithms specifically designed to improve the experience of AI workloads across the central processing unit (CPU), graphics processing unit (GPU), and neural processing unit, or NPU. (NPUs allow the PCs…
Read More » -
Blog
DHSC eyes infrastructure overhaul amid £114 million IT spending boost
The Department for Health and Social Care (DHSC) will spend £114 million on IT infrastructure upgrades, new figures show. Using data retrieved under a Freedom of Information (FOI) request, the Parliament Street thinktank found the DHSC will increase budgets and staffing figures as part of an ongoing NHS restructuring in the UK. Parliament Street’s analysis also revealed that the IT…
Read More » -
Blog
Global security spending continues to rise
Rising cyber crime and a surge in AI-powered threats is fueling a rise in security spending around the world, according to analysis from IDC. The consultancy’s Worldwide Security Spending Guide shows global security spending is expected to grow by 12.2% this year, and to hit $377 billion by 2028. The bulk of this spending (70%) will be in the US…
Read More » -
Blog
Safety of Food Supply Threatened by FDA Spending Freeze
Food safety experts in and outside the agency agree that the food program’s budget was already inadequate to carry out the amount of oversight required even before the new administration took over this year. Indeed, some of the budget cuts to outbreak rapid response teams now going into effect were first proposed under the previous administration’s FDA, says Steven Mandernach,…
Read More » -
Blog
Conversational AI spending is going to skyrocket this year – here’s why
The growth in the use of conversational AI shows no sign of slowing, according to new research, driven by enterprise spending on agentic AI for services. Analysis from Juniper Research shows that global revenue from conversational AI services is set to grow from $14.6 billion in 2025 to more than $23 billion by 2027. Behind much of this growth, Juniper…
Read More »
