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5 hot IT budget investments — and 2 going cold

CIO

The numbers are higher from Foundry’s 2023 State of CIO survey , which finds that 91% of CIOs expect their tech budgets to either increase or stay the same in 2023. These network, security, and cloud changes allow us to shift resources and spend less on-prem and more in the cloud.” There are indications the voice market is slowing.

Budget 363
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7 cloud market trends and how they will impact IT

CIO

The cloud market has been a picture of maturity of late. The pecking order for cloud infrastructure has been relatively stable, with AWS at around 33% market share, Microsoft Azure second at 22%, and Google Cloud a distant third at 11%. Here are the top cloud market trends and how they are impacting CIO’s cloud strategies.

Trends 362
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Exploration to elimination: CIO road map for adaptive technology portfolios

CIO

According to IDC’s April 2024 Future Enterprise Resiliency and Spending Survey, Wave 4 , companies are increasingly allocating budgets to explore technologies like generative AI, with 53% increasing IT budgets and 30% shifting budgets from digital transformation. Invest in infrastructure and resources to support growth.

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Strategize, modernize, and lead: Transform your business with application portfolio modernization

CIO

The imperative for APMR According to IDC’s Future Enterprise Resiliency and Spending Survey, Wave 1 (January 2024), 23% of organizations are shifting budgets toward GenAI projects, potentially overlooking the crucial role of application portfolio modernization and rationalization (APMR).

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Inferencing holds the clues to AI puzzles

CIO

As with many data-hungry workloads, the instinct is to offload LLM applications into a public cloud, whose strengths include speedy time-to-market and scalability. Inferencing funneled through RAG must be efficient, scalable, and optimized to make GenAI applications useful.

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Low-code: An Accelerator for Digital Transformation

CIO

Digital transformation is expected to be the top strategic priority for businesses of all sizes and industries, yet organisations find the transformation journey challenging due to digital skill gap, tight budget, or technology resource shortages. Amidst these challenges, organisations turn to low-code to remain competitive and agile.

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Making IT the hero of the modern enterprise

CIO

So, it’s no surprise that GenAI projects are prioritized for funding across budgets. And as it evolves to make IT more agile and scalable, new developer roles are emerging to support it. IDC estimates that by 2027, the market for GenAI will reach $151 billion, representing a 71% CAGR.