Tag: Gartner

A study by Gartner has found that CFOs are getting more involved in shaping their firms’ AI strategies.

The research, which quizzed 822 bosses, found that 34 per cent of them thought CFOs had a say in their AI plans. CTOs came top with 55 per cent, followed by CIOs with 48 per cent and CEOs with 45 per cent.

Chief bean counter at Gartner, Alexander Bant, said most CFOs are unhappy with how their digital projects are going.

“AI spending is set to soar by five to eight times this year at most firms, and many CFOs are playing a key role in ensuring these investments pay off and don’t cause too much risk.” Read more…

A new report by Gartner says that global IT spending will soar by 6.8 per cent to a whopping $5 trillion this year!

In the UK, tech experts predict a massive 6.8 per cent growth in 2024 and a stunning 9.2 per cent CAGR.

The hottest markets will be cloud services, software, and infrastructure as businesses and consumers snap up the latest gadgets and gizmos.

IT services will be the biggest slice of the pie, with a huge 8.7 per cent growth in 2024, reaching $1.5 trillion. That means more consultants, more outsourcing, and more cloud computing.

Gartner’s top analyst, John-David Lovelock, says that the consumer market is already saturated with phones, laptops, tablets, and printers, but businesses are still hungry for more IT. Read more…

Global shipments of PCs hit 63.3 million units in the fourth quarter of 2023, a rise of 0.3 per cent, marking the first increase after eight quarters of drop, according to Gartner.

The analyst firm’s research shows 2023 to be the worst year ever in PC history, falling 14.8 per cent.

This is the second year with a double-digit fall, with shipments totalling 241.8 million units.

This marks the first time that shipment volume has gone below 250 million since 2006, when 230 million units were shipped.

Big G analyst Mikako Kitagawa said the market has hit rock bottom after big adjustment and normalisation in stock, with the “slight growth” suggesting demand and supply are “finely balanced.”

But she warns this situation will likely change due to the expected component price rise in 2024 and political and economic uncertainties. Read more…

According to Gartner bean counters, global semiconductor revenue is projected to grow 16.8 per cent in 2024 to total $624 billion.

This figure is much better than this year, where the market is forecasted to decline 10.9 per cent and reach $534 billion.

Big G analyst Alan Priestly said: “We are at the end of 2023, and strong demand for chips to support AI workloads, such as GPUs, is not going to be enough to save the semiconductor industry from double-digit decline in 2023.”

“Reduced demand from smartphones and PC customers coupled with weakness in datacentre/hyperscaler spending is influencing the decline in revenue this year.”

However, 2024 is forecast to be a bounce-back year where revenue for all chip types will grow, driven by double-digit growth in the memory market.

The worldwide memory market is forecast to record a 38.8 per cent decline in 2023 and will rebound in 2024 by growing 66.3 per cent, Priestly said. Read more…

Fortune tellers at Gartner group have been shuffling their Tarot cards and concluded that cloud computing will shift from being a technology disruptor to being compulsory for firms by 2028

Big G says that IT spending on public cloud services remains unabated. In 2024, worldwide end-user spending on public cloud services is forecast to total $679 billion and exceed $1 trillion in 2027.

Gartner analyst Milind Govekar said that organisations are actively investing in cloud technology for its potential to foster innovation, create market disruptions, and enhance customer retention to gain a competitive edge.

“While many organisations have started seizing the technical advantages of the cloud, only a few have unlocked its full potential in supporting business transformation. As a result, organisations use the cloud to launch a new wave of AI-driven disruption, enabling them to unlock business value at scale.” Read more…

More than 71 per cent of CMOs said they need more budget to fully execute their strategy in 2023, according to a Gartner survey.

The annual Gartner 2023 CMO Spend and Strategy Survey was conducted in March and April 2023.

Survey respondents were CMOs and marketing leaders in North America and Northern and Western Europe across different industries, company sizes and revenue, with the vast majority of respondents reporting annual revenue of over $1 billion.

The survey revealed that marketing budgets compose 9.1 per cent of total company revenue in 2023, remaining relatively flat but still dipping slightly from the 9.5 per cent reported in 2022. Read more…

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CEOs asked by analyst outfit Gartner do not seem to have many fears about an economic downturn or recession in 2023, believing that if it happens, it will be “shallow and short”.

Analyst house Gartner surveyed over 400 CEOs and other senior business executives worldwide from July through December 2022.

Researchers found that AI was the top technology CEOs believe will significantly impact their industry over the next three years, cited by 21 per cent of survey respondents.

Big G analyst Mark Raskino said that generative AI will profoundly impact business and operating models. Read more…

Beancounters at analyst outfit Gartner are warning security and risk management (SRM) leaders to  focus more on human-centric elements when creating and implementing cybersecurity programmes.

Gartner says SRM leaders must be focused on the essential role of people for security programme success and sustainability, technical security capabilities that provide greater visibility and responsiveness across the organisation’s digital ecosystem; and restructuring the way the security function operates to enable agility without compromising security.

Gartner senior director analyst, Richard Addiscott said “A human-centred approach to cybersecurity is essential to reduce security failures. Focusing on people in control design and implementation, as well as through business communications and cybersecurity talent management, will help to improve business-risk decisions and cybersecurity staff retention.” Read more…

Tech vendors and their channel partners will see another 12-18 months of tech talent shortages, according to Gartner group.

The analyst outfit said that demand for cloud architects, cybersecurity specialists, app developers and other tech roles will continue to outstrip supply, even as the big tech firms cut staff.

Gartner senior director analyst Mbula Schoen said that the talent influx was not enough to nullify a tech skills shortage made worse by the need to digitally transform in the wake of the pandemic. Read more…

Nearly half of the cybersecurity leaders will be changing jobs by 2025 mostly due to work-related stress.

Researchers at Gartner say that cybersecurity professionals are facing unsustainable levels of stress.

Gartner’s director analyst Deepti Gopal said that chief information security officers were on the defence.

“The psychological impact of this directly affects decision quality and the performance of cybersecurity leaders and their teams.” Read more…