CIO Business Intelligence
APRIL 29, 2024
IT decision-makers know that generative AI is the most disruptive technology in decades and are budgeting accordingly. IDC has forecast that spending on AI solutions will grow 27% per year to $423 billion by 2027. Check out the infographic below for AI adoption predictions, including tips for staying prepared.
CIO Business Intelligence
AUGUST 7, 2023
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. through 2027. through 2027. Software sales grew 9.8% It expects that growth rate to dip to 8.5%
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CIO Business Intelligence
AUGUST 23, 2023
Then there was the 2027 ultimatum. You told the whole world that after December 31, 2027, you would charge an additional 2 percentage points for sustaining support. You know my budget is tight; I can’t afford that. They don’t have a 2027 or 2030 or 2040 deadline; those dates are irrelevant. An ultimatum?
CIO Business Intelligence
DECEMBER 5, 2022
Costs management: Estimate costs, determine budgets. Project scope During the planning phase, all project details must be solidified , including goals, deliverables, assumptions, roles, tasks, timeline, budget, resources, quality aspects, terms, and so on. Budget for surprises. Quality management: Identify quality requirements.
CIO Business Intelligence
MARCH 5, 2024
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. So CIOs thinking about hardware budgets should factor in high-end servers that can accommodate GenAI workloads.”
CIO Business Intelligence
FEBRUARY 14, 2024
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. But in other areas, IT teams will look to increase budgets and spending. But by 2027, the analyst firm expects that to rise to at least 40%.
CIO Business Intelligence
APRIL 1, 2024
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. Despite growing pressure to move fast, most modernization projects inch along at a snail’s pace.
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