Gartner Inc. (IT), a global research and advisory firm, is said to have a strong momentum spanning a variety of sectors. They have made significant predictions indicating a surge in IT spending globally, with an estimated growth rate of around 6.8% to 8% in 2024 and potentially reaching $5.1 trillion. The growth is reportedly driven by AI, public cloud user spending, and AI chips revenue, which is expected to exceed $675 billion and grow by 33% respectively. Gartner's CEO survey reflected growth as the top business priority for 2024. Acknowledging the pivotal role AI plays in businesses, Gartner also forecasts that 80% of D&A governance initiatives may fail by 2027, partially due to generative AI projects being abandoned after the proof of concept. More so, it predicts that 75% of enterprise software engineers will depend on AI code assistants by 2028. Cybersecurity also garners concentration, with Gartner advising CFOs to consider it as a business decision. Meanwhile, Q2 and Q4 earnings reports show a positive trend, while the company's stock sees a steady upward trajectory.
Gartner IT News Analytics from Mon, 11 Sep 2023 07:00:00 GMT to Mon, 29 Jul 2024 00:06:55 GMT -
Rating 5
- Innovation 8
- Information 7
- Rumor -2
