AI drives increase in modernization spend

A study of 500 senior IT decision makers finds investment in IT modernization is set to increase by 27 percent in 2024, as enterprises look to take advantage of new technologies, such as AI and edge computing, while meeting increasing productivity demands. But the study from Couchbase finds 59 percent of respondents are worried their organizations' ability to manage data won't meet GenAI's demands without significant investment. Enterprises plan to spend on average $35.5 million on IT modernization in 2024 with more than a third of that set to be on AI. Drivers for this include rapidly prototyping and testing… [Continue Reading]