Global IT spend to hit $5trn on 6,8% rise

Global IT spend to hit $5trn on 6,8% rise

Worldwide IT spending is expected to total $5-trillion in 2024, an increase of 6,8% from 2023, according to the latest forecast by Gartner. This is down from the previous quarter’s forecast of 8% growth. While generative AI (GenAI) had significant hype in 2023,...

Critical infrastructure sees most cyber incidents

A significant 18% of companies in the Middle East, Turkiye and Africa (META) region have experienced cyber incidents due to insufficient cybersecurity investment in the last two years. Alarmingly, critical infrastructure, oil & gas and energy organisations...

AI in banking set to hit $143bn by 2030

The global artificial intelligence in banking market size is expected to reach $143,56-billion by 2030, growing at a CAGR of 31,8% from 2024 to 2030. According to a new report by Grand View Research, AI’s integration in banking offers personalised financial...

GenAI gains a foothold in smart cities

This year, 50% of APEJC cities and states in Asia Pacific (excluding Japan and China) will pilot GenAI to improve efficacy in community outreach and customer service, procurement, staff recruitment and training, and software development, according to a new IDC...

Keep your children safe from cyberthreats

With most children able to access or own a smartphone or tablet, the age at which they begin their acquaintance with the digital world and technology keeps decreasing. So it’s crucial for parents to stay informed about the latest cybersecurity threats targeting...

Cyber attacks the top cause of business outages

Veeam Software has released insights from the company’s fifth annual Veeam Data Protection Trends Report. While companies say they will spend more trying to fend off cyber-attacks, the survey found IT leaders are feeling even less protected and more concerned about...