Intelligent CIO North America Issue 25 - Page 16

NEWS

Gartner forecasts worldwide IT spending to grow 3 % in 2022

IT spend in the MENA ( Middle East and North Africa ) region is forecast to total US $ 173 billion in 2022 , growing 1.2 % from 2021 .

Worldwide IT spending is projected to total US $ 4.5 trillion in

2022 , an increase of 3 % from 2021 , according to the latest forecast by Gartner .
While IT spending is expected to grow in 2022 , it will be at a slower pace than 2021 due to spending cutbacks on PCs , tablets and printers by consumers , causing spending on devices to shrink .
“ Inflation is at the top of everyone ’ s mind . Central banks around the world are focusing on fighting inflation , with overall inflation rates expected to be reduced through the end of 2023 . However , the current levels of volatility being seen in inflation and currency exchange rates is not expected to deter CIOs ’ investment plans for 2022 ,” said John-David Lovelock , Research Vice President at Gartner .
Price increases and delivery uncertainty , exacerbated by the Russian invasion of Ukraine , have accelerated the transition in purchasing preference among CIOs , and enterprises in general , from ownership to service – pushing cloud spending to 18.4 % growth in 2021 and expected growth of 22.1 % in 2022 .

SAS is a leader in anti-money laundering says research firm report

Global AI and analytics titan SAS has been named a leader in antimoney laundering solutions by Forrester .

The Forrester Wave : Anti-Money-Laundering Solutions , Q3 2022 evaluates the industry ’ s 15 most significant anti-money laundering ( AML ) technology providers , assessing and ranking them based on 26 evaluation criteria .
SAS Anti-Money Laundering attained the highest score of any evaluated vendor in the ‘ current offering ’ category . The AI-powered anti-money laundering software solution scored 4.85 out of five overall and received the highest possible score in 12 of the category ’ s 13 criteria , including :
• Users and roles
• Watchlist management and screening
• Rules-based scoring and alerting
• AI / Machine Learning-based scoring and alerting
• Internationalization , currencies , and reporting
• Scale
“ While anti-money laundering compliance expectations have increased due to more complex regulatory priorities , AI and Machine
Learning are delivering on their promise of making AML programs more automated , efficient and effective ,” said David Stewart , North Carolina-based Director of Financial Crimes and Compliance at SAS .
Stephan Wessels , SAS Head of Customer Advisory for South Africa , said : “ We are very proud to be named a leader in anti-money laundering solutions by Forrester . This is a testament to our advanced market solutions that are built to fight against money laundering and illicit finance with AI , Machine Learning , intelligent automation and advanced network visualization – and to meet the challenges and risks in an ever-changing operating environment .”
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