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Data Center News > Blog > Global Market > 3% IT budget increases fueled by AI, security, networking
Global Market

3% IT budget increases fueled by AI, security, networking

Last updated: September 15, 2024 10:47 am
Published September 15, 2024
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How they plan to spend their IT greenback can also be of notice, with respondents indicating they may spend money on applied sciences starting from AI to information middle automation, in accordance with Avasant. Greater than 68% of firms report they plan to extend their IT spending on AI, in addition to two infrastructure areas that energy AI—the community and information analytics. Survey respondents shared their spending priorities by IT initiative:

  • Synthetic intelligence: 68%
  • Knowledge analytics/enterprise intelligence: 68%
  • Legacy techniques: 57%
  • Catastrophe restoration/enterprise continuity: 48%
  • Knowledge middle automation: 48%
  • Blockchain: 44%
  • Web of Issues: 42%
  • Superior networking: 41%
  • Metaverse: 37%
  • Digital actuality/augmented actuality: 36%

Community budgets set to extend

Individually, Open Techniques commissioned Osterman Analysis to survey 200 IT leaders within the U.S. about their priorities, challenges, and budgets associated to SASE and community transformation. Open Techniques’ 2025 IT infrastructure Report discovered that 71% of organizations are growing their total IT budgets over the following 12 months, with 79% reporting they might be growing their cloud infrastructure funds. Greater than 70% additionally famous they might be growing their community budgets, and 70% intend to extend their budgets round safety, in accordance with the report.

The report discovered that regulatory compliance, cloud adoption, and digital transformation initiatives are key drivers of networking investments. Based on the Open Techniques report, organizations planning to considerably enhance their funds indicated the next drivers:

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See also  81% of Security Leaders Say SEC Cybersecurity Rules Will Affect Their Business
TAGGED: Budget, Fueled, increases, networking, security
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