Technology Trends you Will Hear About in 2018

According to technology research firm Gartner Group, technology spending is expected to grow to $3.7 Trillion dollars in 2018. Communications Services ($1.387 billion) and IT Services ($931 billion) make up the majority of spending. In contrast, Enterprise Software and Data Center Systems are the smallest categories of spending expected for next year. Shifts in IT spending from Data Centric to Cloud Computing change the landscape for buyers, vendors and technology solution providers alike. Here are top Technology Trends you will hear about in 2018.

Cybersecurity

2017 was a year full of data breaches and ransomware. According to a 2017 Cost of Data Breach Study by the Ponemon institute, the average cost of a data breach in 2017 was $141 per record lost. Consider how many customer, prospect, employee, member or supplier records you may have within your organization. With the risks so high, expect Cybersecurity to be top of the list of Technology Trends for most companies next year.

Cloud Computing

According to Forbes, 80% of IT budgets will be committed to the Cloud. Software as a Service (SaaS) solutions will help line-of-business managers from Sales, Marketing, HR and Finance become more productive. Communications and Collaboration applications including Email, VoIP and Web conferencing solutions will connect employees across companies and supply chains. Infrastructure as a Service (IaaS) will host a range of solutions including websites, online backup and more. The utility model, or paying for usage, appeals to businesses replacing technology capital expense (CapEx) for subscription-based operating expense.

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