Global and local information technology providers are set to incorporate Artificial intelligence into the core of their businesses, the International Data Corporation has disclosed.
This is as AI continues to play a more prominent role in everyday life and processes.
In its worldwide information technology industry predictions for 2024 and beyond, the data insight firm noted that AI will affect technology decisions as organisations seek to extend their digital business efforts.
The group vice president, Worldwide Research at IDC, Rick Villars, said, “Every IT provider will incorporate AI into the core of their business, investing treasure, brain power, and time.
“For CIOs, and digitally savvy C-Suite members, this pivot promises a cornucopia of new, innovative, AI-enhanced products/services but also threatens to inundate IT teams with many ‘now with AI’ options that increase risks associated with uncontrolled cost increases and loss of data control.”
The firm stressed that AI is going to be a major inflection point in the technology industry and spending on AI solutions will grow to more than $500bn by 2027. It explained that its forecast is made up of external drivers that will alter the global business ecosystem over the next 12 to 24 months and the issues technology and IT teams will face as they define, build, and govern the technologies required to thrive in a digital-first world.
Part of its forecasts include, “Core IT Shift: IDC expects the shift in IT spending toward AI will be fast and dramatic, impacting nearly every industry and application.
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