Asia-Pac's IT spending to hit US$767b in 2014

Big data will only grow bigger.

Citing Gartner, Inc., CTPartners said in a release that IT spending in the Asia Pacific region is forecast to reach US$767 billion in 2014, a 5.5 percent increase from 2013, as new opportunities arise from the digital world.

In the area of executive search and placement in the technology, media and telecommunications industry, Kathryn Yap, Managing Partner at CTPartners in Singapore said that, “As 2014 continues to pose some ambiguity in the Asian markets, it is hard to predict if the TMT sector is going to have as strong a year in recruitment as what we witnessed five to ten years ago". 

CTPartners also said big data will only grow bigger, as organisations race to collect and monetise information to gain competitive advantage. Tied to Big Data, the adoption of cloud services also continues on a large scale, enabling access to data, changing how we interact with mobile devices and offering anytime, anywhere access to content. Cybersecurity remains a top priority in the wake of several scandals in the region.