Walmart Is Still the Largest IT Investor in the World

For the second year in a row retail powerhouse Walmart has spent the most money on IT ($10.5 billion) — more than another other company across industries, by a lot. IDC annual report, Worldwide IT Wallet, ranks Walmart ahead of second place finisher Wells Fargo & Company by over 65%.

When it comes to scale few companies can come close to rivaling Walmart in shear IT maintenance costs, let alone on developing new technologies — which the retailer has done plenty of over the past few years.

2015’s $10.5 billion estimated IT spend is a 5% increase over 2014’s $10 billion estimate. To compile the record-breaking spend IDC considered hardware, software, IT services, telecommunications services, and internal IT costs. The top 10 finishers spent an estimated $53.7 billion, up from $45.3…

Full Article

Share This Post