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IDC: Pace of enterprise applications sales will increase next year

CIO Business Intelligence

IDC forecasts the growth rate of enterprise applications software sales will pick up in 2024, and remain steady through 2027, despite a dip this year as a result of CIOs continuing to pull back on spending due to economic headwinds. Software sales grew 9.8% through 2027. It expects that growth rate to dip to 8.5%

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Three predictions for AI and automation business adoption

CIO Business Intelligence

In 2023, enterprises worldwide spent $166 billion on AI solutions (AI software, hardware, and services), but that spending is expected to grow 27% per year to $423 billion by 2027, according to IDC’s report. In DevOps, KPIs may be improvements in software quality or time to value.

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Elevate Your Publishing Game with Top eBook Platforms

Kitaboo

With worldwide revenue from digital publishing expected to reach $27 billion by 2027 , the right eBook publishing software is essential to get into the digital publishing business as an aspiring or established author. Further, most publishing software also helps publishers drive traffic and track analytics as well.

eBook 78
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8 strategies for accelerating IT modernization

CIO Business Intelligence

Recent research found that application modernization took an average of 16 months. And with infrastructure and application modernization cited as key reasons for CIOs’ budget increases this year, according to the 2024 State of the CIO Survey, that pace is not fast enough.

Strategy 139
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Prioritizing AI? Don’t shortchange IT fundamentals

CIO Business Intelligence

It’s easy to view these as competing priorities vying for CIO attention and budget that are unfairly dwarfed by boardroom interest in the new and shiny opportunities promised by gen AI. When you think about all the blocking and tackling a CIO needs to do for regular applications, that especially applies to AI.”

Hardware 141
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SAP user groups see pick-up in migration to S/4HANA

CIO Business Intelligence

Adopters are being drawn by advanced capabilities in the new software, and driven by concerns about maintenance of older systems. The biggest driver for the move to S/4HANA, cited by 70% of survey respondents, is SAP’s plan to end maintenance support for its ECC 6 and Business Suite 7 software in December 2027.

SAP 76
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Volkswagen drives the automotive industry cloud forward

CIO Business Intelligence

The main purpose is to develop powerful software for our internal processes to improve performance in production and logistics, namely to enhance factory efficiencies and supply chain management,” Goeller explains. “If But as a spokesperson for VW told CIO.com, “The second goal is to open up new software business areas.