Who wins and who loses as the cloud moves out of IT

Gartner says worldwide IT spending will total $3.5 trillion this year, a 0.5 percent decline from 2015. It won’t get better over the next few years, with Gartner predicting that global IT spending will rise only 2 to 3 percent from 2017 to 2020.

How can that be possible given the ever expanding importance of technology to modern business?

The rise of the cloud is a big reason: Tech costs are becoming cheaper thanks to the cloud’s lower prices and greater efficiency.

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