The U.S. Government is facing challenges with the development of new technology, particularly with the advent of cloud computing, but the Federal Government’s efforts to improve IT solutions have been strong.
The Federal Government has invested over $1.4 billion in IT solutions, according to the Federal Reserve Bank of New York.
This investment is helping to keep the country competitive, said Jim O’Neill, president and CEO of IT and Information Services Association, in a news release.
While the Federal government has made strides in IT, it is still working to improve its infrastructure, including its IT infrastructure, said O’Neil.
The United States’ IT infrastructure is under significant pressure.
As cloud computing continues to gain popularity, the Federal IT system is expected to lose nearly half its value in the next five years.
A report released by the Office of Management and Budget (OMB) predicts that cloud computing will be the most important driver of IT costs by 2020.
The OMB also projects that by 2020, cloud computing is expected use $1 trillion of U.s.
IT spending, which is expected increase by $1,500 billion over the next two years.
By 2024, the U.,s.
will have spent more on IT than on all other types of defense spending, according the OMB.
To be sure, the federal government has not been alone in its IT investment efforts.
The private sector has also invested in IT.
In 2018, the private sector accounted for over $800 billion in investments in IT infrastructure.
These investments are contributing to a strong IT infrastructure that allows businesses to compete with other companies in a global marketplace.
By 2020, the number of private-sector IT systems that are expected to be used in the U.,s.
economy will grow from 6.4 million to 9.5 million, according data from Gartner.
A recent report by PricewaterhouseCoopers (PwC) shows that the private sectors investment in IT will double by 2021.
Private-sector investment in technology is expected in the $5 trillion-plus market by 2020 and is expected be the largest sector of overall IT spending.
With the government’s investment, the economy is well on its way to meeting its 2020 goal of achieving 1.5 percent economic growth.
For more information on the Federal Department of Education’s (ED) Digital Skills Plan, visit ED.gov/digital-skills.
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