Category: Technology

Koninklijke Philips N.V. (Philips) has been focusing on using artificial intelligence, cloud, and robotics to digitally transform its operations. The annual ICT spending of Philips is estimated at $693 million for 2022. A major share of this spending is earmarked for acquiring software, ICT services, and hardware from vendors. Philips is a diversified technology company that develops and manufactures medical systems and consumer electronics products.