Worldwide Government IT Spending to Grow 6.8%
#Gartner #Artificialintelligence #MachinelearningAlong
with improving the citizen experience and engagement, a cohesive total experience (TX) strategy will help governments advance digital skills and literacy in their workforces by providing modern tools and approaches to lessen friction in government work. Failing to build a solid TX strategy increases service friction, leading to risk of service delays and underwhelming service experiences.
In 2023, government IT spending is forecast to increase across all segments except devices, as government end-users extend the useful life of their devices that were acquired at the onset of the pandemic. Software will be the highest growing segment in 2023 followed by IT services and internal services.
Initiatives such as migrating services to the cloud, modernizing applications, and fortifying network security are among the primary innovation priorities that governments are focused on to improve public engagement and satisfaction.
According to the 2023 Gartner CIO and Technology Executive Survey, digital transformation, leveraging and using data effectively and technology modernization are the top three priorities of government CIOs.
Delivering on these priorities depends on establishing a shared, organization-wide digital vision and integrating that vision into enterprise-level strategies. In alignment to these priorities, investments will increase in cybersecurity, application modernization, cloud platforms, integration technologies such as artificial intelligence (AI) and machine learning (ML), and business/data analytics tools.
At the same time, CIOs will have to tackle challenges such as varying stakeholder expectations and developing action plans accordingly. Government CIOs will need to address concerns of digital transformation with mission objectives. They need to work closely with government executives to ensure a shared understanding of vision, roadmap and lin
#artificialintelligence #machinelearning #digitaltransformation #cybersecurity #cloud #ai #gartner #Varindia #varindianewshour #ml #VedantaGroup #semiconductormanufacturing #Digitalskills #ApplicationModernization #WorldwidegovernmentIT #totalexperience #modernizingapplications #TechnologyExecutiveSurvey #leveraging #cloudplatforms #integrationtechnologies #CapitaLandIndia #datacentreinIndia #BumbleBeeFlightsPvtLtd #TelecomregulatorTRAIChairmanPDVaghela
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"Spending From Own Pocket For Sanguem IFFI Program, File RTI To Find Out About Spending"
"Spending From My Own Pocket For Sanguem IFFI Program, File RTI To Find Out About Spending" - Subhash Faldesai
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IT Spending to Grow 2.4% in 2023
Consumers and enterprises are facing very different economic realities. While inflation is devastating consumer markets, contributing to layoffs at B2C companies, enterprises continue to increase spending on #digitalbusiness initiatives despite the world economic slowdown.
A turbulent economy has changed the context of business decisions and can cause CIOs to become more hesitant, delay decisions or reorder priorities. We’ve seen this in action with the reshuffling taking place among some B2B companies, especially those that overinvested in growth. However, IT budgets are not driving these shifts, and IT spending remains recession-proof.
The software and #ITservices segments are projected to grow 9.3% and 5.5% in 2023, respectively. The devices segment is forecast to decline 5.1% this year as both consumers and enterprises lengthen device refresh cycles.
During the height of the pandemic, employees and consumers had technology refreshes of tablets, laptops and mobile phones due to remote work and education,” said John David Lovelock, an Analyst at Gartner. “Without a compelling reason for an upgrade, device assets are being used longer and the market is suffering.
In India, IT spending is estimated to grow 0.5% in 2023, totalling $110.3 billion, up from $109.7 billion in 2022.
Job vacancy rates have been increasing every quarter and the open jobs per unemployed rate is at record lows in many countries. High competition for talent is challenging CIOs to hire skilled IT staff, limiting growth for companies who struggle to scale without the requisite talent.
Simultaneously as software spend continues to rise, the IT services market is growing as companies look to bring in outside IT staff for implementation and support. For example, spending on consulting is expected to reach $264.9 billion in 2023, a 6.7% increase from 2022.
With the growing trend, CIOs are losing the competition for talent. IT services spبذریعے VARINDIA | 96 نظٓارہ
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Worldwide IT spending
#WorldwideITspending is projected to reach $4.6 trillion in 2023 according to the latest forecast by Gartner. This represents an increase of 5.5% from the previous year. The projected growth is primarily driven by enterprise software and cloud services, as well as continued investment in IT infrastructure such as servers, storage, and networking equipment.
The COVID-19 pandemic has accelerated the shift towards digital transformation and remote work, which is expected to continue to drive IT spending in the coming years. However, there are also concerns about potential supply chain disruptions and inflationary pressures that could impact IT spending.
IT spending will remain strong, even as many countries are projected to have near-flat gross domestic product growth and high inflation in 2023. Prioritization will be critical as CIOs look to optimize spend while using digital technology to transform the company’s value proposition, revenue and client interactions.
Today's Headline in NewsHours
0:00 Intro
2:31 PC market sees a sharp decline in beginning of 2023
3:02 MSI is the newest victim of a Ransomware Attack
3:33 #Apple bars 22 rival brands from opening shops near its India store
4:07 Parag Agrawal & other fired executives sue Twitter over unpaid legal fees
4:34 #Alibaba unveils an AI model similar to GPT
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#ITspending #ITbudget #GlobalITspending #TechnologySpending #ITinvestment #DigitalTransformation #EnterpriseTechnology #ITexpense #ITcosts #بذریعے VARINDIA | 74 نظٓارہ
Worldwide semiconductor market to grow by 17.3% in 2021, predicts IDC
#PMModi #AmericanCEOs #Gupshup
Semiconductor market to grow by 17.3%
The semiconductor market is expected to grow by 17.3% in 2021 versus 10.8% in 2020. The industry will see normalization and balance by the middle of 2022, with a potential for overcapacity in 2023 as larger scale capacity expansions begin to come online towards the end of 2022 as per IDC. The growth is driven by mobile phones, notebooks, servers, automotive, smart home, gaming, wearables, and Wi-Fi access points, with increased memory pricing. IC shortages are also expected to continue easing through 4Q21 as capacity additions accelerate. The report further states, 5G semiconductor revenues will increase by 128 per cent, with total mobile phone semiconductors expected to grow by 28.5 per cent. Game consoles, smart home, and wearables will grow 34 per cent, 20 per cent and 21 per cent, respectively. Whereas, the automotive semiconductor revenues will also increase by 22.8 per cent as shortages are mitigated by year-end. Notebook semiconductor revenues will grow by 11.8 per cent, while X86 Server semi revenues will increase by 24.6 per cent.
Despite the current Covid-19 wave, consumption remains healthy. IDC reports that dedicated foundries have been allocated for the rest of the year, with capacity utilization at nearly 100%. Front-end capacity remains tight but fabless suppliers are getting the production they need from their foundry partner. Front-end manufacturing is starting to meet demand in 3Q, however, larger issues and shortages will remain in back-end manufacturing and materials. The industry will see normalisation and balance by the middle of 2022, with a potential for overcapacity in 2023 as larger scale capacity expansions begin to come online towards the end of 2022. Overall, IDC predicts the semiconductor market to reach USD 600 billion by 2025 - representing a CAGR of 5.3 per cent through the forecast period. This is higher than the tyبذریعے VARINDIA | 107 نظٓارہ
Modi government is spending more than the maximum spent in any year by UPA govt. on welfare schemes
Be it MNREGA, PMGSY or food subsidy, Modi government is spending more than the maximum spent in any year by UPA government on welfare schemes : Shri Arun Jaitley, Lok Sabha, 21.12.2017
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Government Spending Is Nuts!
National debt for dummies!
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Government Spending Millions for Your Data
In an era of intense government surveillance and secret court orders, a multimillion dollar business has emerged among telecommunications carriers, with the average telephone wiretap costing the government more than fifty thousand dollars.
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Valmik Thapar at #JLF2016 - Tigers will grow well when the government changes its attitude.
We’ve made much ado about our limited environmental successes. Most specifically, about not only maintaining, but increasing our population of tigers. The Environmental Minister, Prakash Javadekar boasted of a 30% population increase . And the Prime Minister Modi declared "about a 40% increase. Feels good to hear it!"
Both of these appear to be wild exaggerations. Valmik Thapar, wildlife conversationalist, explains that the number of tigers may not have increased at all. All that has, in fact, changed, is our method of counting them.
produced by Andrew Clarance
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AI is used Towards Client AI Processing
#Artificialintelligence is increasingly being used for client AI processing. This means that AI models are being trained and deployed on client devices, such as smartphones, laptops, and IoT devices. This has a number of advantages, including, Reduced latency, Improved privacy and Reduced bandwidth usage.
Traditionally, AI processing has been conducted by massive clusters of servers in the cloud or data centers. This is because AI models can be very large and complex, and they require a lot of computing power to train and run.
AI is used Towards Client AI Processingبذریعے VARINDIA | 1000 نظٓارہ
Can Google’s tools combat online misinformation
#Google's efforts to combat misinformation are important because misinformation can have a negative impact on society. It can undermine trust in institutions, lead to violence, and harm democracy. By developing new tools and initiatives, Google is helping to make the internet a safer and more informed place for everyone.
Google has recently unveiled three new tools to combat online misinformation:
· About this Image: This feature, which was initially unveiled earlier in 2023 and is now available globally to English-speaking users through Google Search, provides information about images, including their history, descriptions by users, metadata, and clear indications if an image is generated by AI. Google's AI-generated images are also clearly labelled.
· Fact Check Explorer: This tool allows journalists to verify images by tapping into information from independent organizations.
· AI-generated source descriptions within the Search Generative Experience: This feature provides original sources and insights from reputable publications, which are accessible through the "More About This Page" section in search results.
Can Google’s tools combat online misinformationبذریعے VARINDIA | 362 نظٓارہ
Increasing online Frauds
Recent developments in the technology landscape, including the acceleration of automation, artificial intelligence, and the digitization of industries, are transforming the nature of work. These challenges have immediate and far-reaching implications for India's economy, society, and future prospects.
The Tech Tsunami, characterized by rapid technological advancements, has the potential to drive unprecedented growth and innovation. However, if not harnessed effectively, it could lead to job shrinkage, job displacement and job reduction further leading to increased economic inequality.
Today's Headline in NewsHours
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3:07 Online gaming firms sent tax notices worth INR 1 lakh cr
3:36 Government plans to introduce regulatory sandbox for OTT apps
4:05 #Microsoft pulling the plug on its metaverse project
4:33 #HMD Global to manufacture own brand of smartphones in India in 2024
5:00 #TechMahindra’s CEO designate Mohit Joshi announces restructuring
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Address by Sh. Rajeev Gupta, Secretary, Youth Affairs at "International Yoga Seminar"
Address by Shri. Rajeev Gupta, Secretary, Youth Affairs, Ministry of Youth Affairs & Sports, at the "International Yoga Seminar" organized by "Shri Ram Chandra Mission" in April, 2016
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CII Celebrates India@75 - India's IT Journey@75
#DYK India is the largest #Software exporter in the world? As India completes #75yearsofIndependence, let's look at the country's IT journey over the last 75yrs.
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ECI Press Briefing
Press briefing of Election Commission of India on completion of 2nd Phase of #LokSabhaElection2019 and State Legislative Assemblies elections.
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India observes Independence Day with patriotic fervour
Prime Minister Narendra Modi
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India - USA Trade Statistics
Comparative Trade Statistics for the Years 2013 & 2014
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Haryana Politics: Bhupender Hooda ने निकाली Kiran Choudhary की काट, BJP की बढ़ी टेंशन
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हरियाणा के सबसे बड़े जाट परिवारों में शुमार चौधरी बंसीलाल की बहू किरण चौधरी और उनकी बेटी का बीजेपी ज्वाइन करना कहीं ना कहीं प्रदेश कांग्रेस के लिए किसी बड़े झटके से कम नहीं है। हरियाणा में इन दिनों इस बात को लेकर खूब चर्चा है कि बीजेपी किरण चौधरी को राज्यसभा भेजने और श्रुति चौधरी को उनकी पारंपरागत तोशाम सीट से विधानसभा चुनाव लड़ाने की तैयारी में है। जब से कांग्रेस को इस बात की भनक लगी है तभी से भूपेंद्र सिंह हुड्डा के सामने सबसे बड़ी चुनौती तोशाम विधानसभा सीट पर किरण चौधरी का तोड़ निकालने को लेकर है।
Haryana Politics: Bhupender Hooda ने निकाली Kiran Choudhary की काट, BJP की बढ़ी टेंशन
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खबर फास्ट भारत का हिंदी न्यूज चैनल है । खबर फास्ट चैनल हरियाणा, हिमाचल प्रदेश, पंजाब, राजस्थान, उत्तर प्रदेश और हर एक राज्य से जुड़ी खबर से रुबरु कराता है । ख़बर फास्ट न्यूज चैनल राजनीति, मनोरंजन, बॉलीवुड, व्यापार और खेल में नवीनतम समाचारों को शामिल करता है। खबर फास्ट चैनल की लाइव खबरें एवं ताजा ब्रेकिंग अपडेट न्यूज, प्रोग्राम के लिए बने रहिए- टीवी चैनल्स, सोशल मीडिया (YOUTUBE, FACEBOOK, INSTAGRAM,TWITTER AND WEBSITE)
Khabar Fast is the Hindi news channel of India. Khabar Fast Channel deals with news related to Haryana, Himachal Pradesh, Punjab, Rajasthan, Uttar Pradesh and every state. The Khabar Fast News channel covers the latest news in politics, entertainment, Bollywood, business and sports. Khabar Fast Channel Live news and latest breaking news, stay tuned for the program - TV channels, social media (YOUTUBE, FACEBOOK, INSTAGRAM, TWITTER AND WEBSITE)
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