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Digital Transformation Facts #3

1. European IoT Market Revenue – “Revenues for the European Internet of Things (IoT) market are forecast to increase by 19.8% year on year to reach $171 billion in 2019.”

2. Digital Transformation Slowed Down by Security Concerns – “60% of retail organizations in Asia Pacific are slowing down the progress of digital transformation projects due to the fear of cyberattacks.”

3. AI Spending Forecast – “Global retailer spending on AI will reach $7.3 billion per annum by 2022, up from an estimated $2 billion in 2018.”

4. Tech Investment in 2019 – “83% or organizations plan to increase investments in digital technologies in 2019.”

5. Half of the World Population Using Internet – “At the end of 2018, 51.2 per cent of the global population, or 3.9 billion people, will be using the Internet.”

6. Digital Transformation Driven outside of IT? – “66% of private and public-sector organisations bypass IT when buying new technologies for digital transformation.”

7. CIO’s Growing Priority: AI – “By 2020, AI will be a priority for more than 30% of CIOs.”

8. 2019 Public Cloud Spending Worldwide – “Worldwide spending on public cloud services and infrastructure is forecast to reach $210 billion in 2019, an increase of 23.8% over 2018.”

9. 2019 Blockchain Spending Worldwide – “Worldwide spending on blockchain solutions is forecast to be nearly $2.9 billion in 2019, an increase of 88.7% from the $1.5 billion spent in 2018.”

10. Accelerate Digital Transformation strategy by changing your organization culture – “By 2021, 80% of midsize to large enterprises will change their culture as a way to accelerate their digital transformation strategy.”