Despite what had been a series of positive IT spending forecasts heading into 2016, a darker reality is emerging, with the latest study predicting a major slowdown in IT spending this year. Still, organizations continue to invest significantly in analytics.

Worldwide IT spending had been posting annual growth of 5 percent to 6 percent since recovery from the financial crisis in 2010, according to research firm International Data Corp (IDC). But the global IT market is expected to increase by just 2% this year (in constant currency), the firm says.

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