Government Matters Logo
Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages
Chris Cornillie, federal market analyst at Bloomberg Government, discusses what the increase in federal IT spending means for government technology, and details the emerging “AI arms race.” Last fiscal year, […]

Chris Cornillie, federal market analyst at Bloomberg Government, discusses what the increase in federal IT spending means for government technology, and details the emerging “AI arms race.”


Last fiscal year, the federal government spent $64.7 billion on IT contracts. Bloomberg Government crunched the FY18 numbers and found that IT spending increased 10% over the previous year, and it appears that the trend will continue into the future. Chris Cornillie, federal market analyst at Bloomberg, says that spending surged in a few key areas, like artificial intelligence development and cloud migration.   “In fiscal 2017, federal agencies spent about $340 million on artificial intelligence contracts, in 2018 that was up to almost $600 million. That’s a 75% increase in a single year…” Cornillie said. “Same thing for cloud computing. Even before the White House released its Cloud Smart strategy in September of 2018, you were already seeing double digit increases in the amounts that federal agencies were spending on cloud computing.”

Share This
Where to Watch
  • WJLA 24/7 News
    Weeknights at 8 PM and 11 PM on WJLA 24/7
  • ABC7
    Sunday Mornings at 10:30 AM on ABC7
  • AFN American Forces Network
    Worldwide on American Forces Network
Sponsored

RPA: Automating Workloads to Drive Mission Outcomes

Watch on Thursday, October 24th at 8:30 and 11:30 p.m. on WJLA 24/7 News
More
October 2019
M T W T F S S
« Sep    
 123456
78910111213
14151617181920
21222324252627
28293031  
Our Brands
  • Government Matters Logo
  • Government Matters Defense
  • Government Matters Thought Leadership Network