European big data spending ‘to reach $50bn’ this year, as firms focus on analytics-enabled hyper-automation

European spending on big data and business analytics (BDA) solutions is forecast to reach $50 billion (€43.10 billion) this year, an increase of 7% over 2020, according to a new update to the Worldwide Big Data and Analytics Spending Guide from International Data Corporation (IDC).

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Worldwide spending on artificial intelligence is expected to double in four years, says IDC

Global spending on artificial intelligence (AI) is forecast to double over the next four years, growing from $50.1 billion (€42.3 billion) in 2020 to more than $110 billion (€93 billion) in 2024.

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