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Forty-one percent of the CIOs in the survey said they’ve changed their cycle for revisiting IT budgets to at least every month, says Tony Olvet, IDC’s VP of worldwide C-suite and digital business research. They ended up bringing most of those people back, at consulting rates, for six months.” And you have to partner with your vendors.”
Given how we think the market will develop, generative AI will get embedded into every application we use,” says Nick Patience, research director specializing in AI at S&P Global Market Intelligence. The world has flipped since 2022,” says David McCurdy, chief enterprise architect and CTO at Insight. Then gen AI came out.
Plan for cost savings up front Cost optimization starts with defining desired business outcomes and architecting a cost-effective solution right from the start, says Jevin Jensen, research VP, Intelligent CloudOps Market at IDC. Refactoring applications to take advantage of cloud-native services is vital to maximizing cloud ROI.
So enterprises looking for generative AI vendors have a lot of options to choose from. We’ve been conducting extensive research with partners like Gartner, McKinsey, and others to understand the market landscape and how other companies are using this technology,” says Yexi Liu, CIO of food products multinational Rich Products.
Weve also seen the emergence of agentic AI, multi-modal AI, reasoning AI, and open-source AI projects that rival those of the biggest commercial vendors. He expects the same to happen in all areas of software development, starting with user requirements research through project management and all the way to testing and quality assurance.
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