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Numbers Game
Three days in Vegas makes it abundantly clear: Spending big is back in style
May 26, 2007
1 Min Read
2:45 PM -- Despite a week spent at Interop in Las Vegas, it's not the odds at the craps tables I'm thinking about. It's these figures that a taxi driver clicked off for me yesterday morning:
$1.4 billion: Monthly revenue from the casinos on the Strip.
$8 billion: Estimated cost for the City Center project going in next to the Bellagio.
$5 billion: What they're spending to revamp the Frontier.
$4 billion: What the new Stardust is expected to cost.
Vegas isn't the only place attracting big bucks. If IT were a city, it might look like Vegas (minus the Liberace Museum), and the storage sector might be the Strip. Consider these figures released this week by Info-Tech Research that may have slipped under your radar:
$1.033 trillion: Annual U.S. enterprise spending on IT by 2010, "driven largely by storage technology and software," according to Info-Tech.
$884 billion: Estimated 2007 U.S. enterprise spending on IT, up 5.84 percent from last year's $840 billion.
5.32 percent: Estimated compounded annual growth rate in spending through 2010.
A trillion here, a trillion there... Pretty soon you're talking a real market.Terry Sweeney, Editor in Chief, Byte and Switch
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