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Misco Stops Trading in Spain, Italy

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The Misco European business appears to be in trouble, as the distributor has closed down operations in Italy and Spain, at least judging from the messages left on the websites of the aforementioned subsidiaries.

Misco ClosedCurrently the Misco Italy and Spain websites bear the statement "Thank you for your business and continued interest in Misco. We regret to inform you that Misco has stopped trading directly in your country." In other words, Italian or Spanish customers wanting to deal with Misco have to do so via the Dutch subsidiary.

IDC: WW Public Cloud Spending to Reach $160bn in 2018

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According to IDC global spending on public cloud services and infrastructure will reach $160 billion in 2018-- a 23.2% increase over 2017. The analyst adds spending over the 2016-2021 period will reach a CAGR of 21.9%, with public cloud spending totaling $277bn in 2021.

Public cloud spending

The industries spending most on public cloud services in 2018 are discrete manufacturing ($19.7bn), professional services ($18.1bn) and banking ($16.7bn). The process manufacturing and retail industries are expected to spend over $10bn each on public cloud service in 2018. These 5 industries remain at the top in 2021 due to continued investment in public cloud solutions. The industries with the fastest spending growth over the 2016-2021 period are professional services (24.4% CAGR), telecommunications (23.3% CAGR), and banking (23.0% CAGR).

IBM Returns to Growth After 6 years

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IBM breaks a 22-month decline in Q4 2017, as total revenues total $22.54 billion-- a 3.6% Y-o-Y increase, bringing about profits of $4.5bn (an improvement from the -$1.05bn loss of Q4 2016).

IBM HQFull-year 2017 Big Blue revenues total $79bn.

"Our strategic imperatives revenue again grew at a double-digit rate and now represents 46 percent of our total revenue, and we are pleased with our overall revenue growth in the quarter," CEO Ginni Rometty says.  "During 2017, we strengthened our position as the leading enterprise cloud provider and established IBM as the blockchain leader for business.  Looking ahead, we are uniquely positioned to help clients use data and AI to build smarter businesses."

Gartner: IT Spending Totals $3.7 Trillion in 2018

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Global IT spending will total $3.7 trillion in 2018, Gartner reports-- a 4.5% increase over 2017, even if the year might see some uncertainty in the shape of Brexit, currency fluctuations and a possible recession.

"Despite this uncertainty, businesses will continue to invest in IT as they anticipate revenue growth, but their spending patterns will shift," the analyst continues. "Projects in digital business, blockchain, Internet of Things (IoT), and progression from big data to algorithms to machine learning to artificial intelligence (AI) will continue to be main drivers of growth."

Gartner IT Spending

Enterprise software shows strong growth in 2018, with global spending set to grow by 9.5% before growing by another 8.4% in 2019 to total $421 billion. Organisations should increase spending on enterprise application software in 2018, with more of the budget shifting to software as a service (SaaS). The growing availability of SaaS-based solutions encourages new adoption and spending across many subcategories, including financial management systems (FMS), human capital management (HCM) and analytic applications.

The First VDE Tec Summit at CEBIT 2018

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The German Association for Electrical, Electronic and Information Technologies (VDE) launches a flagship event at this year's CEBIT-- the VDE Tec Summit, a 2-day summit held at the on-site convention centre.

Cebit tec eventThe summit consists of two main events. The "Tec Innovation Tank" covers future-defining technologies. Aimed at students and young professionals, it gives participants the opportunities to meet companies searching for recruits, and involves debates on key technologies such as AI, data analytics, security and robotics, and their impact on the energy, manufacturing, mobility and lifestyle sectors.

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