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Generative AI spending to reach $143B in 2027: IDC

Computerworld Vertical IT

Enterprise spending on generative AI services, software and infrastructure will skyrocket over the next four years, jumping from $16 billion this year to $143 billion in 2027, according to technology research and advisory firm IDC.

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Generative AI spending to reach $143 billion in 2027: IDC

Computerworld Vertical IT

Enterprise spending on generative AI services, software and infrastructure will skyrocket over the next four years, jumping from $16 billion this year to $143 billion in 2027, according to technology research and advisory firm IDC.

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Building sustainability at the edge of the enterprise

CIO Business Intelligence

The enterprise edge has become a growing area of innovation as organizations increasingly understand that not every workload — particularly new edge workloads — can move to the cloud. Just 38% of that data will be processed in cloud or core locations, with the remainder headed to a variety of on-premises and nearby as-a-service edge venues.

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Generative AI will drive a foundational shift for companies — IDC

ComputerWorld IT Management

By 2027, AI will represent 29% of organizational spend, according to IDC President Crawford Del Prete, who spoke Thursday at the IDC Directions conference in Boston. This year alone, the average enterprise will spend $28 million dollars on genAI initiatives, based on data from a February IDC survey.

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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. through 2027. Software sales grew 9.8% It expects that growth rate to dip to 8.5%

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More connected, less secure: Addressing IoT and OT threats to the enterprise

CIO Business Intelligence

The Internet of Things (IoT) is a permanent fixture for consumers and enterprises as the world becomes more and more interconnected. By 2027, the global number of connected IoT devices is projected to exceed 29 billion, a significant increase from the 16.7 billion devices reported in 2023.

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Big data analytics expected to grow to $100B in value by 2027

Venture Beast

The explosive growth of big data analytics will help businesses generate industry-leading personalized experiences through the next 5 years. Read More.

Big Data 145