IDC: Global spending on AI solutions will exceed US$500 billion within three years

IDC releases its global information technology (IT) industry forecast report for 2024 and beyond. IDC predicts that global spending on AI solutions will grow to more than $500 billion by 2027. At the same time, most enterprises will also experience a significant shift in technology investment weight toward AI implementation and AI-enhanced product/service applications.

IDC’s 2024 top ten global IT industry forecasts include:

Core IT Shift

IDC predicts that IT spending will shift towards AI The transformation will be rapid and dramatic, affecting almost every industry and application. By 2025, Global 2000 (G2000) companies will spend more than 40% of core IT spending on AI-related initiatives, resulting in double-digit growth in product and process innovation rates.

AI Transforms IT Industry

The IT industry will feel the impact of the AI watershed more than any other industry as every company races to launch AI-enhanced products/services and help customers implement AI. For most companies, AI will replace cloud computing as the main driver of innovation.

Infrastructure Turbulence

The pace of AI spending by many enterprises will be affected until 2025 due to significant changes in workloads and resources in enterprise and cloud data centers. limit. Inadequacies in networks, facilities, model credibility and artificial intelligence skills will increase uncertainty in silicon supply.

Seize Big Data

In a world where AI is everywhere, data is a vital asset, providing nutrients for AI models and applications. Technology vendors and service providers recognize this and will accelerate investments in more data assets, which they believe will improve their competitive position.

IT Skills Mismatch

Insufficient training in the areas of AI, cloud computing, data, security and emerging technologies will have a direct impact on the efforts of enterprises to rely on these technologies to succeed Negative impact. By 2026, underfunded skills training programs will prevent 65% of businesses from realizing full value from these technology investments.

Service Industry Transformation

GenAI will trigger a shift in strategy, change, and training for human-delivered services. By 2025, 40% of services will include GenAI-powered delivery, impacting everything from contract negotiations to IT operations to risk assessment.

Unified Control

One of the most challenging tasks for IT teams over the next few years will be navigating the maturation of control platforms as they move from addressing several fundamental systems Evolving into a standard platform for orchestrating infrastructure, data, AI services, and business applications/processes.

Converged AI

Today’s obsession with GenAI should not delay or undermine existing or other investments in artificial intelligence. Enterprises must consider, pilot and produce fully converged AI solutions that enable them to address new use cases and customer personas at a lower price point.

Seize Big Data

Accelerated adoption of Gen AI will enable enterprises to enhance their edge computing use cases with contextual experiences to better align business outcomes with customer expectations consistent.

digital frontier

Satellite-based internet connectivity will provide ubiquitous networks, helping to bridge the digital divide and enable a range of new capabilities and business models. By 2028, 80% of enterprises will integrate LEO satellite connectivity to create a unified digital service structure and ensure elastic, ubiquitous access and data mobility.

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