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Covid-19: Software vendors focus on big data, AI despite fall in IT spending

covid-19 information innovations crisis focus fall
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BENGALURU: The covid-19 crisis has prompted software vendors to focus on technologies that are still in demand and explore innovative ways to service their clients.

Research firm IDC said the adoption of big data and artificial intelligence (AI) will increase. However, spending on information technology (IT) globally is expected to shrink by 3-4% by the end of 2020, with severe impact seen on hardware and slowdown in the software and service businesses.

Software vendors such as IBM, SAP Software Solutions and Microsoft Corporation plan to make use of such emerging technologies to become more relevant to their clients.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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