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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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IBM to buy StreamSets and webMethods from Software AG for $2.3B

CIO Business Intelligence

IBM is bolstering its portfolio in artificial intelligence and hybrid cloud services, announcing a move to acquire Software AG’s enterprise integration platforms. In October, Software AG launched Streamsets and webMethods as its Super Ipaas business. IDC predicts the worldwide integration software market will exceed $18.0

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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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Broadcom Software CTO: Charting a Course to Software Modernization

CIO Business Intelligence

By Andy Nallappan, Chief Technology Officer and Head of Software Business Operations, Broadcom Software. The enterprise software that underpins day-to-day operations is under significant strain at many organizations. For IT leaders, these changes have heightened their focus on software modernization.

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Three predictions for AI and automation business adoption

CIO Business Intelligence

AI’s honeymoon with the enterprise is coming to an end. 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. It’s time to get to business.

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Oracle Corporation: Addressing enterprise IT infrastructure

CTOvision

The Company's businesses include cloud and on-premise software, hardware and services. From: GeekWire - Reality check: Despite copious 'cloud' rhetoric, little software is being offered as a service (computermagazine.com). Cloud Computing Market 2016 Share, Strategy and Future Forecast to 2027. Related articles.

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