Innovation culture alive and well

Image courtesy of khunaspix at FreeDigitalPhotos.netConcerns about falling business investment in information technology may be wrong, because investment in ICT research and development is actually rising, a senate committee has heard.

The Economic References Committee inquiry into innovation was told that due to the “internet of things”, the way of measuring investment has changed.

Cisco Systems Chief Technology Officer Kevin Bloch told the committee that Cisco would previously have sold product to a buyer’s IT department, so this was measured as an IT purchase.

Image courtesy of khunaspix at FreeDigitalPhotos.net

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