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The worldwide revenue for AI software will reach $307 billion in 2027, according to IDC. The forecast for AI-centric software includes Artificial Intelligence Platforms, AI Applications, AI System Infrastructure Software (SIS), and AI Application Devel… Continue reading AI software market to hit $307 billion by 2027
Generative AI stands at the forefront of technological innovation, reshaping industries and unlocking new possibilities across various domains. However, as the integration of these technologies continues, a vigilant approach to ethical considerations a… Continue reading 11 GenAI cybersecurity surveys you should read
Today’s CIOs have evolved from managing IT infrastructure and ensuring systems’ efficiency to becoming key business strategists, according to IDC. They stand at the intersection of technology and business, leveraging innovations to shape or… Continue reading CIOs shape long-term success with GenAI expertise
While AI is not a new technology – companies have been investing heavily in predictive and interpretive AI for years – the announcement of the GPT-3.5 series from OpenAI in late 2022 captured the world’s attention and triggered a surge of investm… Continue reading ChatGPT’s popularity triggers global generative AI investment surge
Enterprises will invest nearly $16 billion worldwide on GenAI solutions in 2023, according to IDC. This spending, which includes GenAI software and related infrastructure hardware and IT/business services, is expected to reach $143 billion in 2027 with… Continue reading GenAI investments surge, anticipated to hit $143 billion by 2027
In many cases, senior executives/line-of-business leaders are minimally engaged in their company’s cyber preparedness initiatives — only 33% of CEOs or managing directors and 21% of other senior leaders are heavily involved, according to Commvaul… Continue reading Cyber resilience starts in the C-suite
To embark on the GenAI technology adoption journey for business success, organizations require foundational activities related to GenAI investment, guidance in prioritizing use cases, and identification of key stakeholders essential for building and im… Continue reading Building GenAI competence for business growth
IDC has introduced its Future of X Scorecards, designed to address the need for improved benchmarking in the development and execution of digital business strategies. As enterprises continue to invest in digital technologies and services and these digi… Continue reading IDC launches Future of X Scorecards for optimizing tech’s impact on business
The importance of networking to and within cloud environments has grown significantly for enterprise customers as more and more applications, workloads, and data are moved to the cloud, according to IDC. IDC estimates that worldwide revenue for public … Continue reading IaaS networking services revenue to hit $19.4 billion in 2023
Worldwide IT and business services revenue is expected to grow (in constant currency) from $1.13 trillion in 2022 to $1.2 trillion in 2023, or 5.7% year-over-year growth, according to IDC. In nominal dollar-denominated revenue based on today’s ex… Continue reading IT and business services market shows resilience with positive growth outlook