Worldwide Spending on Cognitive Systems Forecast to Soar to More Than Billion in 2019 …

FRAMINGHAM, Mass.–(BUSINESS WIRE)–International Data Corporation (IDC) has identified cognitive computing as one of six Innovation Accelerators that will drive digital transformation by opening new revenue streams, creating information-based organizations, and changing the way work is performed. In the new Worldwide Semiannual Cognitive Systems Spending Guide, IDC forecasts global spending on cognitive systems will reach nearly $31.3 billion in 2019 with a five year compound annual growth rate (CAGR) of 55%. The new spending guide expands on IDC’s previous cognitive software forecasts by including expenditures for cognitive-related hardware and services. The spending guide also provides greater detail on spending for cognitive systems by geography, industry, and use case. More than 40% of all cognitive systems spending throughout the forecast will go to software, which includes both cognitive applications (i.e., text and…


Link to Full Article: Worldwide Spending on Cognitive Systems Forecast to Soar to More Than Billion in 2019 …