AI software market to hit $307 billion by 2027
The worldwide revenue for AI software will reach $307 billion in 2027, according to IDC. The forecast for AI-centric software includes Artificial Intelligence Platforms, AI …
11 GenAI cybersecurity surveys you should read
Generative AI stands at the forefront of technological innovation, reshaping industries and unlocking new possibilities across various domains. However, as the integration of …
CIOs shape long-term success with GenAI expertise
Today’s CIOs have evolved from managing IT infrastructure and ensuring systems’ efficiency to becoming key business strategists, according to IDC. They stand at …
ChatGPT’s popularity triggers global generative AI investment surge
While AI is not a new technology – companies have been investing heavily in predictive and interpretive AI for years – the announcement of the GPT-3.5 series from OpenAI in …
GenAI investments surge, anticipated to hit $143 billion by 2027
Enterprises will invest nearly $16 billion worldwide on GenAI solutions in 2023, according to IDC. This spending, which includes GenAI software and related infrastructure …
Cyber resilience starts in the C-suite
In many cases, senior executives/line-of-business leaders are minimally engaged in their company’s cyber preparedness initiatives — only 33% of CEOs or managing …
Building GenAI competence for business growth
To embark on the GenAI technology adoption journey for business success, organizations require foundational activities related to GenAI investment, guidance in prioritizing …
IDC launches Future of X Scorecards for optimizing tech’s impact on business
IDC has introduced its Future of X Scorecards, designed to address the need for improved benchmarking in the development and execution of digital business strategies. As …
IaaS networking services revenue to hit $19.4 billion in 2023
The importance of networking to and within cloud environments has grown significantly for enterprise customers as more and more applications, workloads, and data are moved to …
IT and business services market shows resilience with positive growth outlook
Worldwide IT and business services revenue is expected to grow (in constant currency) from $1.13 trillion in 2022 to $1.2 trillion in 2023, or 5.7% year-over-year growth, …
Technology investments feel the impact of weakening economy
For the fifth consecutive month, IDC has lowered its 2023 forecast for worldwide IT spending as technology investments continue to show the impact of a weakening economy. 2023 …
IT security spending to reach nearly $300 billion by 2026
Worldwide spending on security solutions and services is forecast to be $219 billion in 2023, an increase of 12.1% compared to 2022, according to IDC. Investments in hardware, …