AI demand drives massive price hikes for tech

2026-02-08 - 19:37

ICT prices are set to soar as global AI demand surges. Datec Fiji CEO Vinit Nand expects equipment prices to rise 20–30%, while data storage costs could spike 150–300% by 2027. Nand warns these increases are beyond local control, adding that delaying digital transformation could leave organisations uncompetitive in an AI-driven market. “This is not