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Gartner: IT Spending Expected to Grow 8% in 2024

Tech Republic Data Center

Data center systems and mobile devices will lead the expected growth in IT spending, according to Q2 predictions.

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8 pressing needs for CIOs in 2024

CIO Business Intelligence

The most pressing responsibilities for CIOs in 2024 will include security, cost containment, and cultivating a data-first mindset.” Here, we detail those and others that comprise eight of the top priorities for CIOs in 2024. Among the various strategies at our disposal, automation stands out as a pivotal solution,” she says. “In

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Generative AI gold rush drives IT spending — with payoff in question

CIO Business Intelligence

Interest in AI, building since last year, will push a 10% increase in data center system spending this year, driving worldwide IT spending to $5.06 In other words, CIOs are likely to be apportioning more budget toward speculative initiatives less likely to pan out. Budgeting, Generative AI What does AI give me?

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Selling the C-suite on preemptive IT investments

CIO Business Intelligence

But disaster recovery is just one example of projects that are of an important and preemptive nature that CIOs want to fund but find de-prioritized when it comes to budget approval. Others include preparation for zero-day attacks, almost anything having to do with data stewardship, as well as IT training and social engineering audits.

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Microsoft invests €3.2 billion in AI and the cloud in Germany

CIO Business Intelligence

billion in Germany by the end of 2025 to double the artificial intelligence and cloud capacities of its data centers there. New data centres After doubling the capacity of its own data centers in Germany in 2023, Microsoft intends to double it again by the end of 2025. Microsoft will invest €3.2

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IT services spending signals major role change for CIOs ahead

CIO Business Intelligence

Analyst firm Gartner has released its 2024 worldwide IT spending forecast, and the topline is eyepopping: Overall IT expenditures are projected to grow 6.8% in 2024, second only to software, at 12.7%, another category for which the firm sees no future plateau. this year to a hair under $5 trillion. 2 IT spending slot by 2028.

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IT leader’s survival guide: 8 tips to thrive in the years ahead

CIO Business Intelligence

Managers looking toward 2024 and beyond certainly have a full plate. Here are eight key ideas to consider that can help you prioritize, adapt, and thrive in 2024 and beyond. Decisions around game-changing current and future technology require decisive action and possible investment to remain competitive.

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