In a continuation of the technology companies’ lay-off announcements last month, Microsoft is laying-off 10,000 employees as it braces for slower revenue growth. Alphabet, Amazon, and Salesforce are among the other few technology companies that have lowered headcount in recent weeks.
As per Gartner’s forecast worldwide government IT spending is to grow by 6.8% with the top three priorities of government CIOs remaining - digital transformation, leveraging and using data effectively and technology modernization in 2023.
According to Forrester, Public cloud Is poised to surpass $1 trillion by 2026, predicting that cloud infrastructure services will account for nearly $496 billion in revenue in 2026.
AI software spending will double from $33 billion in 2021 to $64 billion in 2025 and will grow 50% faster than the overall software market, with an annual growth rate of 18%.
While Microsoft invests billion in AI, consulting major McKinsey, eyeing the MLOps space, buys enterprise-focused AI-Focussed – Iguazio.
Gartner predicts that by 2023 low-code tech is projected to grow to approximately $27 billion. Hyperautomation and composability are factors driving an increase in low-code adoption.
ITAM review global reader survey results exhibit Audit Defence, FinOps and SaaS in hot demand.
The new industry-transforming technologies OpenAI’s ChatGPT and DeepMind’s AlphaFold AI algorithm and the fundamental differences between Google AI’s LaMDA Vs OpenAI’s ChatGPT.