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Gartner Says Global IT Spending to Grow 6.2 Percent in 2018

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Worldwide IT spending is projected to total $3.7 trillion in 2018, an increase of 6.2 percent from 2017, according to the latest forecast by Gartner, Inc.

“Although global IT spending is forecast to grow 6.2 percent this year, the declining U.S. dollar has caused currency tailwinds, which are the main reason for this strong growth. This is the highest annual growth rate that Gartner has forecast since 2007 and would be a sign of a new cycle of IT growth.

“However, spending on IT around the world is growing at expected levels and is in line with expected global economic growth.

“Through 2018 and 2019, the U.S. dollar is expected to trend stronger while enduring tremendous volatility due to the uncertain political environment, the North American Free Trade Agreement renegotiation and the potential for trade wars,” said John-David Lovelock, research vice president at Gartner.

Enterprise software spending is forecast to experience the highest growth in 2018 with an 11.1 percent increase. Barring unexpected disruption, the software industry is expected to continue capitalizing on the evolution of digital business. Application software spending is expected to continue to rise through 2019, and infrastructure software will also continue to grow, bolstered by modernization initiatives.

Even with a strong end to 2017, worldwide spending on data center systems is forecast to grow 3.7 percent in 2018, down from 6.3 percent growth in 2017. The longer-term outlook continues to have challenges, particularly for the storage segment.

The strength at the end of 2017 was primarily driven by the component shortage for memory components, and prices have increased at a greater rate than previously expected. Whereas previously, component shortages were expected to ease into 2018, the shortages are now expected to continue throughout the year with the supply not expected to ease until the end of the year.

Worldwide spending for devices — PCs, tablets and mobile phones — is forecast to grow in 2018, reaching $706 billion, an increase of 6.6 percent from 2017. “The device market continues to see dual dynamics. Some users are holding back from buying, and those that are buying are doing so, on average, at higher price points.

“As a result, end-user spending will increase faster than units through 2022. However, total end-user spending and unit shipments are expected to be lower compared with previous forecasts, as demand for ultramobile premium devices, ultramobile utility devices and basic phones is expected to be slow,” said Mr. Lovelock.

Gartner’s IT spending forecast methodology relies heavily on rigorous analysis of sales by thousands of vendors across the entire range of IT products and services.

Gartner uses primary research techniques, complemented by secondary research sources, to build a comprehensive database of market size data on which to base its forecast.

The Gartner quarterly IT spending forecast delivers a unique perspective on IT spending across the hardware, software, IT services and telecommunications segments.

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E-Business

Millions Exposed in Facebook Data Protection Failures

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Passwords of millions of Facebook users were accessible by up to 20,000 employees of the social network, it has been reported.

 

Brian Krebs, Security researcher, broke the news about data protection failures, which saw up to 600 million passwords stored in plain text.

 

The passwords that were exposed could date back to 2012, he said.

 

In a statement, Facebook said it had now resolved a “glitch” that had stored the passwords on its internal network.

 

In a detailed expose, Mr Krebs said a Facebook source had told him about “security failures” that had let developers create applications that logged and stored the passwords without encrypting them.

 

Commenting on Mr Krebs’s story Facebook engineer, Scott Renfro said an internal investigation started after Facebook had uncovered the logs had not revealed any “signs of misuse”.

 

In public comments, Facebook said it had discovered the issue in January as part of a routine security review.

 

And its investigation showed that most of the people affected were users of Facebook Lite, which tends to be used in nations where net connections are sparse and slow.

 

“We estimate that we will notify hundreds of millions of Facebook Lite users, tens of millions of other Facebook users, and tens of thousands of Instagram users,” the company told Reuters.

 

But it added it would enforce a password re-set only if its taskforce looking into the issue uncovered abuse of the login credentials.

 

The news caps a long period of trouble for Facebook over the way it handles and protects user data.

 

In September last year, it said information on 50 million users had been exposed by a security flaw.

 

And earlier in 2018 it revealed that data on millions of users had been harvested by data science company Cambridge Analytica.

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Konga Rated in Top League of Globally Viable Start-Ups

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E-commerce giant Konga has emerged among an exclusive list of globally viable start-ups and corporate organizations after achieving top scores in a rating by Early Metrics, an European based independent rating agency for start-ups and innovative SMEs.

 

The rating places Konga in a rarefied club of the top 14% of the 2,100 startups rated globally as at March 2019, further justifying the elevated standing of the company as one of the most promising ventures in the Nigerian and African business space.

 

A European-based global rating agency, Early Metrics assesses the growth potential of innovative and early-stage ventures. Their ratings support decision makers such as investors and corporates to identify innovative start-ups worthy of their time and money.

 

Their ratings also help the organizations themselves, as it allows them to critically examine their strengths and weaknesses, gain credibility and give their investors added confidence by being audited by a third party.

 

Konga, acquired by the Zinox Group about 12 months ago, has been undergoing strategic restructuring and expansion to position it as the first and largest Omni – channel e-Commerce group on the African continent.

 

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NITDA says Only 4.7% of Nigerian Govt. Institutions Use IT Effectively

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The National Information Technology Development Agency (NITDA) has criticised government institutions for underutilising enterprise technology saying only 4.7 per cent of federal institutions use IT “in somewhat effective manner”.

In contrast, over 66 per cent of such institutions are at what the agency called “emerging stage” of IT utilisation, maintaining only websites “offering basic information online”.

The agency, which is responsible for formulating and supervising government’s IT policies, bemoans the low compliance with modern technology by government ministries and agencies.

NITDA’s director general, Isa Pantami, however said with the presentation of Nigerian Government Enterprise Architecture (NGEA) framework to stakeholders yesterday, the agency is setting the tune to changing the current reality.

He sought the support of the stakeholders, arguing that “public institutions for a big critical enterprise that must be managed efficiently to ensure its resources including IT are maximized to create value for stakeholders given the prevailing political, legal and administrative contexts.”

Mr Pantami, who was represented at the event by NITDA’s director of e-Government Development and Regulation, Vincent Olatunji, however, acknowledged improvement in IT systems of some public institutions which, he said, however, come with other challenges.

He listed some of the challenges to include inefficient IT environment, poor interoperability of IT systems, poor information sharing across agencies, maintenance of unnecessary multiple sites and unstandardized communication channels.

Other challenges he outlined are high cost of IT investments and poor sustainability of IT projects by host institutions.

“In addition to the previous challenges mentioned, ICT adoption and implementation in Nigeria naturally faces a lot of challenges ranging from inadequate basic infrastructure such as electricity, broadband and other digital technologies to insufficient human capital and the required skills in the public sector effectively implement and utilise ICT solutions.

“We also have unfriendly and weak institutions; inadequacy of finance for ICT projects as a result of competing demands and inability to properly align government businesses and ICT deployment, among others,” he said.

Mr Pantami said the implication of those challenges on the sector resulted in the inability of public institutions to fully translate national or organisational visions, policies and programmes into effective enterprise change and add value.

“This has prevented IT, to some extent, from becoming an asset shaping strategic future opportunities of public institutions and the government as a whole,” he said.

The official, however, commended ICT adoption as exemplified by the Treasury Single Account (TSA), Integrated Personnel Payroll Information System (IPPIS), Government Information Financial Management Information System (GIFMIS), Bank Verification Number (BVN), e-Taxation, e-Passport and e-Wallet system for farmers.

In his presentation on the draft NGEA document, Soji Adegunwa of Goldberry Systems Ltd said enterprise architecture is a recommended technology system that is being accepted by governments all over the world.

He said the adoption and harmonisation would help the government reduce costs in IT investment, as it cuts multiplicity and allows for collaboration.

He said with common platforms, there will be a reduction of “administrative headache” among agencies.

Mr Adegunwa also allayed fears of government institutions saying the technology is only making things more efficient without “taking powers away.”

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