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LatAm Digital Transformation Investment to Grow by 25%
Source: www.telecompaper.com
Source Date: Friday, December 22, 2017
Focus: Electronic and Mobile Government, Internet Governance
Created: Dec 25, 2017

In 2018, one in nine companies in Latin America will be undertaking a digital transformation (DX) strategy, according to IDC. The investment in DX will grow at a compound rate of 25 percent in the coming years, reaching more than USD 57 billion in 2020, representing about 40 percent of IT spending that year. 

By 2019, 30 percent of digital transformation initiatives will use AI services, the market researcher predicts. More than 50 percent of applications development will be on cloud platforms (PaaS), and one in ten large companies will generate "data as a service". By 2020, 40 percent of large companies will have fully articulated a technology platform strategy.
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