Walmart Spends $10.5B on IT
For the second year in a row retail powerhouse Walmart has spent the most money on IT ($10.5 billion) — more than another other company across industries, by a lot. IDC annual report, Worldwide IT Wallet, ranks Walmart ahead of second place finisher Wells Fargo & Company by over 65%.
When it comes to scale few companies can come close to rivaling Walmart in shear IT maintenance costs, let alone on developing new technologies — which the retailer has done plenty of over the past few years.
2015's $10.5 billion estimated IT spend is a 5% increase over 2014's $10 billion estimate. To compile the record-breaking spend IDC considered hardware, software, IT services, telecommunications services, and internal IT costs. The top 10 finishers spent an estimated $53.7 billion, up from $45.3 billion in 2014.
Click here for the full article "Walmart Is Still the Largest IT Investor in the World."
When it comes to scale few companies can come close to rivaling Walmart in shear IT maintenance costs, let alone on developing new technologies — which the retailer has done plenty of over the past few years.
2015's $10.5 billion estimated IT spend is a 5% increase over 2014's $10 billion estimate. To compile the record-breaking spend IDC considered hardware, software, IT services, telecommunications services, and internal IT costs. The top 10 finishers spent an estimated $53.7 billion, up from $45.3 billion in 2014.
Click here for the full article "Walmart Is Still the Largest IT Investor in the World."