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Generative AI gold rush drives IT spending — with payoff in question

CIO

Interest in AI, building since last year, will push a 10% increase in data center system spending this year, driving worldwide IT spending to $5.06 There were very robust stories about how great generative AI was going to be.” What does AI give me? growth in 2023. drop in 2023. trillion and $1.49

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When it comes to generative AI in the enterprise, CIOs are taking it slow

TechCrunch

To hear the hype from vendors, you would think that enterprise buyers are all in when it comes to generative AI. Throughout this year, as vendors feverishly announced new generative AI-fueled products, CIOs took note. Some companies have actually been looking to cut back […] © 2023 TechCrunch.

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CIOs not entirely sold on generative AI copilots

CIO

More than three-quarters of those answering a survey from Microsoft say they don’t want to give Copilot up once they’ve used it, and 85% said the AI tool helps them produce a first draft faster. Budgeting, Enterprise Applications, Generative AI, IT Strategy, Technology Industry

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SharePoint Premium highlights the hard road CIOs face with generative AI

CIO

SharePoint Premium, introduced in late 2023, just might be the worst bit of product naming in the history of software. It’s something completely different, and potentially interesting, except for a few fatal flaws that shed light on the hard road CIOs are in for as we enter the era of enterprise software enhanced everywhere by generative AI.

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8 big IT failures of 2023

CIO

We’ve gathered eight instances of big tech failures that struck companies and other organizations in 2023. Both United Airlines and Hawaiian Airlines saw service outages in 2023 resulting from wonky software upgrades, and Southwest ended the previous year with a Christmas travel meltdown blamed on outdated systems.

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IT budget shock: Global IT services firms continue to struggle

CIO

The global IT services industry is at a significant crossroads, with the explosive growth of generative AI and deepening economic uncertainties reshaping its future. Structural changes and impact of AI Analysts point out that the noticeable downturn in growth expectations is likely to persist due to major structural changes in the US.

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3 key digital transformation priorities for 2024

CIO

The analyst reports tell CIOs that generative AI should occupy the top slot on their digital transformation priorities in the coming year. Moreover, the CEOs and boards that CIOs report to don’t want to be left behind by generative AI, and many employees want to experiment with the latest generative AI capabilities in their workflows.