budget increase
What's Coming: Tech Hiring Predictions For 2019
From the further advancement of artificial intelligence (AI) and machine learning (ML) to the increased reliance on data analytics and data science, this past year has been significant for all things tech as it relates to business needs. As executives and finance departments look to strategize for 2019, here's a look at some of my core tech hiring predictions for 2019 -- based on my observations as the CEO of a digital media and tech staffing firm for short- and long-term talent -- to help ensure your business remains informed and capable of attracting (and retaining) the most in-demand talent. According to Gartner's April 2018 forecast, worldwide IT spending is projected to reach about $3.85 trillion in 2019, up 2.8% from 2018. Despite the various pieces of negative press big tech has received, the business advancements and benefits provided through the adoption of AI, ML, cloud technologies and tools in the workplace have led to a continued investment in IT departments. Almost half of the respondents to the 2018 Harvey Nash/KPMG CIO Survey reported an IT budget increase, and 48% expected a budget increase within the next year.
METI to request 9.9% budget increase for fiscal 2019 aimed at promoting cashless payment, AI
The Ministry of Economy, Trade and Industry will request a total budget of ¥1.4 trillion for fiscal 2019, up 9.9 percent from the previous year, sources with knowledge of the matter said Thursday. With the increased budget for the year starting in April next year, the ministry aims to promote cashless transactions for small companies and the development of advanced technologies such as artificial intelligence. Specifically, the ministry plans to spend ¥3 billion to help small businesses and other entities introduce cashless payment terminals and to standardize quick response, or QR, codes that currently vary among companies, according to the sources. For research and development of AI, next-generation computers and other technologies, the ministry hopes to allocate ¥27.9 billion. It plans to spend ¥1.8 billion for the cultivation of human resources, promoting the provision of refresher programs, for example, the sources said. To invigorate businesses in the field of social security, the ministry intends to boost spending to ¥2 billion from ¥600 million in fiscal 2018.