This methodological report details the work done in the Prospective Insights on R&D in ICT (PREDICT) project in 2018. PREDICT provides updated indicators for the Information and Communication Technologies (ICT) sector and for its Research and Development (R&D) in the European Union and in the major ICT leaders worldwide. This project is being carried out jointly by the Joint Research Centre, Directorate B and the Directorate General for Communications Networks, Content and Technology (DG CNECT) of the European Commission. The data and methodologies have been developed in collaboration with the Valencian Institute of Economic Research (IVIE). The PREDICT Dataset has been deepened and expanded along the years in order to include complementary dimensions, such as the Media and Content sector. Since 2017, an updated methodology for estimating Government budget allocations for ICT R&D (ICT GBARD) is applied. Furthermore, for the most important indicators, PREDICT time series have been reconstructed back to 1995, while the main indicators are nowcasted for 2016 and 2017, thus providing comparable time series from 1995 to 2017.