Chinese businesses will focus their technology budget on transforming operations and improving efficiencies as they brace themselves for an uncertain geopolitical climate and slowing local economy. This year, they are expected to spend 1.739 trillion yuan (US$256.61 billion) on technology purchases this year, up 4 percent in terms of US dollar year-on-year, and another 1.843 trillion yuan (US$272.84 billion) in 2020, according to Forrester. The research firm noted that the ongoing trade war with the US and a slowing local economy would drive China’s technology decision makers across the different verticals to accelerate their digital transformation in “pragmatic ways”. The tense geopolitical environment also would lead the Chinese government to reconsider some investments, pushing technology vendors to revisit their research investments and go-to-market strategies, said Charles Dai, Forrester’s principal analyst for enterprise architecture. Alibaba takes more cloud products global, eyes APAC growth Chinese internet giant talks up new product releases such as Anti-Bot Service and its datacentre footprint in Asia-Pacific as key differentiators against cloud rivals, Amazon Web Services and Google. Its machine learning specialist also urges need for governments looking to build smart cities, such as Singapore, to ensure its citizens benefit from such initiatives. Read More “The trade clash… Read full this story
- China to lead APAC tech spend, 5G race ahead of global markets
- China denies massive layoffs among internet firms
- Microsoft Bing is back online in China
- Trump signs executive order prioritising AI development
China tech spending to hit $273B amidst US trade war, slowing economy have 233 words, post on www.zdnet.com at January 22, 2019. This is cached page on IT Breaking News. If you want remove this page, please contact us.