Albany, NY -- (SBWIRE) -- 07/25/2017 -- The use of ICT (Information and Communication Technology) in education, improves the retentive memory of students by varying ICT means and which acts as the major trend for the ICT investment improvement in Russia. To further elaborate, Market Research Hub (MRH) has recently added a study titled as "ICT Investment Trends in Russia: Business transformation influencing ICT investment strategy" to its wide report repository. According to the analysis, the enterprises are immensely planning to increase their total ICT budget in 2017, due to the gradual strengthening of trade and influx of foreign investments, thus leading to the technology transformation in Russia.

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ICT mainly uses the computers & telecommunications technology and various other devices to produce, manipulate, store, transmit and securely retrieve information. There is a various advancement of ICT, which comprises timely, better and cheaper access to knowledge and information. It adds speeds to the business transactions, productions and management processes. ICT has also made the internet access to the masses in a new and exciting way. The various tools of ICT are computers, telephones, mobile phones (GSM), fax machines, television sets, satellites, and the internet.

The report further explores the Russian's enterprises ICT budgets across core areas of investment such as IT services, software, hardware, communications, and consulting. This research basically focuses on the main technologies that enterprises are investing which comprise various enterprise application such as IoT, business intelligence and cloud computing. It also highlights the approach to purchasing technology adopted by several enterprises in Russia. As per the findings, enterprises are planning to allocate significant proportion of their cloud computing budget to software as a service (SaaS) in 2017, whilst investing considerable proportion to infrastructure as a service (IaaS) in 2017. Through this study, a better insight into ICT vendors and service providers is previewed along with their solutions to enterprises in Russia.

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The provided report shows the key findings followed by the key implications for vendors. Further, the study gives executive summary that comprises survey demographics, ICT budget changes and ICT budget allocation by core technology area. The budget allocation is segmented by hardware budget breakdown and software budget breakdown. Even it depicts the third party IT services expenditure for various technologies varying from communications expenditure, cloud computing budget, ICT budget allocation by function and outsourced IT functions. The study concludes with the business intentions that influence the IT investment strategy; ICT provider selection and lastly key decision makers for purchasing technology.

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