1. Enterprise IT is not so big – it’s spend is a little less than $1trillion

    Enterprise IT is not so big – it’s spend is a little less than $1trillion

    If annual global economic output is $73.8 trillion – as estimated for 2015 by the WorldBank   – then Oracle CEO Mark Hurd’s statement at a briefing in London last week is about right.

    He said that IT is not so big – it is a couple of trillion dollars with half of that in consumer that has ‘grown like crazy over the last dozen years’ and the other half in enterprise IT.

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