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Moderate IT budget increases have CIOs shaping 2025 strategies to suit

CIO Business Intelligence

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.

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Get Ready for FutureIT Boston With This AI Infographic

CIO Business Intelligence

IT decision-makers know that generative AI is the most disruptive technology in decades and are budgeting accordingly. IDC has forecast that spending on AI solutions will grow 27% per year to $423 billion by 2027. Check out the infographic below for AI adoption predictions, including tips for staying prepared.

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Oak Ridge seeks next-level supercomputer to blow away Frontier

Network World

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.

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Getting infrastructure right for generative AI

CIO Business Intelligence

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. It’s well within the budget.” Infrastructure-intensive or not, generative AI is on the march. According to IDC, genAI workloads are increasing from 7.8% of AI storage in 2022 to 30.5%

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3 ways CIOs are leading the way to an AI-enabled enterprise

CIO Business Intelligence

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.

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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. through 2027. through 2027. Software sales grew 9.8% It expects that growth rate to dip to 8.5%

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Making IT the hero of the modern enterprise

CIO Business Intelligence

So, it’s no surprise that GenAI projects are prioritized for funding across budgets. Specialist roles like MLOps, DataOps, and platform engineering are expected to grow as much as 20% through 2027 (IDC). IDC estimates that by 2027, the market for GenAI will reach $151 billion, representing a 71% CAGR.