Generative AI enthusiasm continues to beat out business uncertainty
Market uncertainty hasn't slowed the momentum of generative AI adoption. In fact, organizations are prioritizing AI investments as a strategic imperative. This article from ITPro explores what's driving executive confidence in GenAI and why you should feel that confidence as well. Read the article for insight into how leaders are positioning AI to drive growth, and reach out to Concourse Development Group LLC for help developing your GenAI roadmap.
What is the projected growth of IT spending by 2025?
Gartner projects that global IT spending will reach $5.43 trillion by the end of 2025, representing a 7.9% increase from 2024. This growth is largely driven by increased investment in generative AI and the necessary infrastructure.
How is generative AI impacting data center investments?
Data center systems are expected to grow by 42.4% in 2025 as AI vendors and hyperscalers expand their AI-based products and services. This significant growth contrasts with more modest increases of 10.5% in software and 5.4% in devices.
What challenges are businesses facing with AI projects?
Gartner indicates that 2024 was not a strong year for AI projects, with many being canceled or failing. As businesses navigate this landscape, they are expected to seek more targeted returns on their AI investments, particularly as they move through the current 'trough of disillusionment' with generative AI.
Generative AI enthusiasm continues to beat out business uncertainty
published by Concourse Development Group LLC
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