A survey commissioned by Wipro of 500 business executives in Europe and the United States suggests continued growth of cloud computing spending, plus growing artificial intelligence spending. And the suirvey suggests AI is the single biggest growth driver.
Perhaps nobody would be surprised by that conclusion. Nor would many, if any, be surprised that cloud computing spending exceeds AI spending.
But the study does not specifically address the magnitude of the increases, so one cannot tell, from this survey, how much spending might be growing, if at all.
A majority of respondents (55 percent) report that their cloud adoption is outpacing their AI adoption, while 35 percent say they are moving at the same pace for both technologies.
But 10 percent of respondents report that their AI adoption is outpacing cloud spending.
The “health and life sciences” sector has the highest percentage (41 percent) of organizations moving at the same pace for cloud and AI adoption.
Retail has the highest percentage (63 percent) of industry response suggesting cloud spending ahead of AI. The energy and utilities sector has the highest percentage (18 percent) of organizations with AI adoption ahead of cloud.
The top reported drivers of cloud investment are AI/GenAI applications (54 percent), extended cloud infrastructure (47 percent), and increasing data demands (43 percent).
Separately, the Civo Cost of Cloud 2024 report suggests user organizations are unhappy with spiraling cloud computing costs. According to the survey, 77 percent of the 500 industry professionals surveyed are using one of the Big 3 hyperscalers and many (37 percent, at least) believe cloud computing cost effectiveness has not been seen.
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