China's Information and Communications Technology (ICT) spending for developing and operating digital businesses is projected to exceed US$2 trillion over the next four years, according to a report shared by the International Data Corporation (IDC) at its Directions event in Shenzhen.
Amid global economic, political, and social disruptions, businesses are expected to leverage the latest IT and digital initiatives to optimize ICT spending. The insights were shared by IDC with hundreds of industry leaders, both local and international, along with IDC analysts.
"Despite the mounting economic headwinds, we are still in the golden age of technological innovation," said Kitty Fok, Managing Director, IDC China. She added that the effective use of evolving innovative technologies would be crucial for IT leaders practicing a digital-first strategy to weather economic storms and drive transformation, innovation, and development.
According to Matthew Eastwood, Senior Vice President, Ente...
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