2027 Applications Budget 
CIO Business Intelligence
AUGUST 22, 2024
Despite those complications, a huge majority of IT leaders expect their organizations’ IT budgets to increase — at least moderately — in the next fiscal year, with IT talent and software spending leading the way. Talent, software spending lead the way According to Forrester’s guide, personnel accounts for nearly 35% of IT budgets.
CIO Business Intelligence
AUGUST 7, 2023
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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Network World
JULY 24, 2024
This month ORNL issued a massive request for proposal for OLCF-6 , a new machine, now dubbed Discovery, to be delivered by late 2027 or early 2028. With an anticipated budget of US$500 million, Discovery’s requirements are extensive. The Technical Requirements document alone is 69 pages. 1 on the Top 500 list of supercomputers.
CIO Business Intelligence
SEPTEMBER 6, 2024
It’s not a surprise that two out of every three IT organizations are planning to allocate more than five percent of their budgets to AI initiatives. 1 Embracing their change management roles CIOs—more than any other executive or line of business role—are becoming the central authority for most organization’s AI budgets and priorities.
CIO Business Intelligence
JUNE 3, 2024
of the overall AI server market in 2022 to 36% in 2027. billion in 2022 to $57 billion in 2027. billion in 2022 to $57 billion in 2027. The resulting application, which was recently patented, generates highly accurate interpretations of the pictures, feeding them to a human-in-the-loop (HITL) for final judgement.
Network World
OCTOBER 21, 2024
Further, many organizations haven’t yet planned or budgeted for this shift,” stated Mark Horvath, vice president analyst at Gartner. New computing paradigms keep popping up, including CPUs, GPUs, edge computing, application-specific integrated circuits, neuromorphic and quantum systems, Alvarez stated.
CIO Business Intelligence
MARCH 5, 2024
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. So CIOs thinking about hardware budgets should factor in high-end servers that can accommodate GenAI workloads.”
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