Walmart is the Largest IT Investor in the World
Saying Walmart is the biggest IT investor in retail might raise a few eyebrows, but most people would likely shrug their shoulders and respond with "well that makes sense." But according to the latest research from IDC, Walmart is not only the biggest IT spender in retail, but is the biggest investor in IT across industries worldwide.
Walmart topped IDC's "The Big Guns: IDC's Worldwide Top 10 IT Spenders" report beating out heavy hitters like Citigroup, AT&T and ExxonMobil for the title of biggest IT spender. The competition for the top spot wasn't even close, with Walmart nearly doubling second place finisher Bank of America's seemingly paltry $5.33 billion investment, with a jaw-dropping $10.16 billion tally according to IDC estimates.
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Walmart topped IDC's "The Big Guns: IDC's Worldwide Top 10 IT Spenders" report beating out heavy hitters like Citigroup, AT&T and ExxonMobil for the title of biggest IT spender. The competition for the top spot wasn't even close, with Walmart nearly doubling second place finisher Bank of America's seemingly paltry $5.33 billion investment, with a jaw-dropping $10.16 billion tally according to IDC estimates.
Click here to read the full story.