Implications of Gen AI Growth on Global IT Spending Unveiled by Gartner
Tuesday, 16 July 2024, 10:12
Overview:
Gartner's latest report unveils the projected growth in global IT spending, fuelled by the rapid expansion of Gen AI.
Key Points:
- Forecast: $5.26T global IT spend by 2024
- Gen AI Impact: Driving 24% growth in data center investments
- Tech Giants: Racing to meet AI computing demands
Conclusion:
The surge in IT spending driven by Gen AI signifies a monumental shift in computing dynamics and infrastructure investments.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.