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AI, cybersecurity drive IT investments and lead skill shortages for 2025

Network World

2024 gave leaders the opportunity to pause, take a breath and see what kind of investment they need to make for best use scenarios in terms of talent and technology.”

Survey 455
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3% IT budget increases fueled by AI, security, networking

Network World

IT budgets are seeing modest increases, according to recent survey data, with businesses looking to invest their IT dollars in artificial intelligence, data analytics, networking and more. Essentially, only companies in dire financial straits are likely to be cutting IT budgets. Avasant Research polled 371 organizations in the U.S.

Budget 456
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FinOps automation: Raising the bar on lowering cloud costs

CIO Business Intelligence

IT professionals have been striving to manage cloud costs effectively since the inception of cloud computing. Those efforts have evolved into FinOps , a business discipline and a set of best practices to optimize cloud spending. See also: Will FinOps help reduce cloud waste in organizations?

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Cisco: Pressure to deploy AI is up, but only 13% feel ready

Network World

However, between 2023 and 2024, global AI readiness in the enterprise has declined. The Index showed that 50% of those surveyed have between 10% and 30% of their current IT budget dedicated to AI. Similarly, 78% of respondents lack confidence in the availability of computing resources for AI workloads, up from 76% in 2023.”

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Gartner: GenAI spurs 9.3% increase in IT spending for 2025

Network World

Gartner reported that server sales will grow from more than $134 billion in 2023 to $332 billion by 2028, including an estimated more than $257 billion in 2025. It took 20 years for the cloud and outsourcing vendors to build up spending to $67 billion a year on servers. Spending on software will also increase by 14% to $1.23

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IBM: 78% of mainframe shops are piloting, operating AI apps

Network World

IBM Institute for Business Value (IBV), in collaboration with Oxford Economics, surveyed 2,551 global IT executives to determine how mainframes are being used and prepped for increased use in AI and hybrid cloud environments. Most enterprises have built tech estates on hybrid cloud architecture, the researchers stated. “In

IBM 468
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Data center spending to top $1 trillion by 2029 as AI transforms infrastructure

Network World

Enterprises are now spending about 35% of their data center CapEx budgets on accelerated servers optimized for AI, up from 15% in 2023, says DellOro analyst Baron Fung. For hyperscalers, the AI investment is even higher, as they are already spending 40% of their budgets on accelerated servers.