Global IT spending is projected to reach an impressive $4.7 trillion by 2023, a significant portion of this being credited to the 14.5% increase in software spending. Interestingly, Gartner highlights that generative AI, despite its transformative potential, doesn’t significantly impact current IT spending. Embraced slowly via upgrades to existing systems, generative AI isn’t seen as a disruptive, but as an added benefit. Moreover, the rise in software expenditure aligns with organizations aiming for operational efficiency, often through resources like ERP and CRM applications.
Latest Posts:
- How a VoIP Business Phone Service Can Reduce Costs for Your Company
- Alibaba Cloud Expands AI Network with Robust Asia-Pacific Growth
- EdgeMode and BAIF Merge to Build AI Data Center Powerhouse
- Nokia Unveils Enscryb to Transform the Energy Sector
- Vodafone Idea Expands 5G Network to 23 Indian Cities
- Google Fiber and Nokia Revolutionize Broadband with Network Slicing
- Ericsson and e& UAE Ink Landmark 5G Network Expansion Deal
- Oracle’s $30B Cloud Boosts MultiCloud Database Revolution
- Solis partners with DIDWW to facilitate expansion in Europe through advanced VoIP services
Tag