As global demand for artificial intelligence (AI) continues to surge, prices for information and communication technology (ICT) equipment are anticipated to increase significantly. Vinit Nand, the CEO of Datec Fiji, has projected that equipment prices could rise by 20–30%, while data storage costs may experience a staggering increase of 150–300% by 2027.
Nand emphasized that these price hikes are largely influenced by global market trends and are beyond the control of local businesses. He warned that organizations that postpone their digital transformation efforts risk becoming uncompetitive in an increasingly AI-driven landscape.
“This is not something we are pushing in the market or trying to inform the customers to get into buying things; this is to create awareness that these things are happening from global factors, and this will be happening in Fiji, and we are seeing the impact,” Nand stated. He noted the importance of preparing for these changes and encouraging customers to plan effectively for the future.
The forecasted rise in data storage costs, particularly concerning, is projected to range between 150% and 300% from 2026 to 2027. Nand added, “When we look at storage itself, the cost we’re expecting to increase by 150 to 300 percent over 2026 to 2027, and this impact will continue for some time until the market is expected to normalize by 2028.”
With the rapid advancements in technology and AI, Nand highlighted the crucial need for businesses to adapt promptly in order to remain competitive and ready for future challenges. The proactive approach outlined by Datec Fiji serves as a timely reminder for organizations to embrace digital transformation and prepare for the inevitable shifts within the ICT landscape.
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