New McKinsey survey released this month reveals that generative AI is significantly reshaping enterprise tech spending, with 67% of enterprises planning to allocate more budget to AI/gen AI over the next three years. This shift is creating new opportunities in AI services, cloud infrastructure, and advanced hardware, unlocking a $200 billion market opportunity for tech service providers. The rise of generative AI marks a pivotal change in how organisations are investing in tech. Read more here: https://lnkd.in/gDsqgH7y #TechSpending #EnterpriseTech #AI #CloudComputing #TechInnovation #GenerativeAI
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Business Development & Customer Success Leader | Helping Companies Achieve Growth Through Strategic Partnerships and Exceptional Client Service
According to the recent PwC technology leaders pulse survey, 60% of CIOs are investing in new tech including Cloud and AI, and 58% are investing specifically in GenAI. PwC also found that for for all its promise to drive transformation, the technology isn’t exactly delivering — yet, with 82% percent of CIOs who say that achieving value from adopting new technologies is a challenge to transforming. If you are a Technology Leader and the points above resonate with you, please speak to me about our our 'AI Product Ideation Workshop' and 'Cloud Maturity Assessment. These services have been designed to provide instant value and could be the game changer you have been looking for. Reference survey can be found here - https://lnkd.in/e_BbvwKA
Technology leader insights from the PwC Pulse Survey
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🛠️ The Backbone of AI: Key Takeaways from Forrester's Latest Report 🛠️ As AI continues to redefine the technological landscapes of industries, understanding the infrastructure that underpins its success becomes paramount. The recent Forrester Report on AI Infrastructure sheds light on this critical component, offering invaluable insights for organizations looking to harness AI's full potential. 🔗 Link to the Full Report: https://buff.ly/3VtjG2M Here are some pivotal findings: Workload Multiplicity & Cost Optimization Are Crucial: The report emphasizes the importance of selecting AI infrastructure that supports the diverse requirements of AI workloads - data preparation, model training, and inferencing - while optimizing costs. The Right Infrastructure Strategy is Key: Whether leveraging cloud, on-premises, or hybrid models, aligning your AI infrastructure with your organizational strategy is essential for balancing costs with internal demands. Vendor Selection is More Important Than Ever: With AI's demands evolving rapidly, choosing providers that offer robust performance across core AI workloads, effective management layers, and align with your commitment to AI is critical. Leadership in AI Infrastructure: The report puts Google Cloud at the forefront of AI Infrastructure, a clear standout among their peers in Cloud, and highlights the major players strengths and areas for improvement. This evaluation from Forrester serves as a starting point for organizations navigating the complexities of AI infrastructure. It underscores the necessity of a strategic approach to infrastructure investment, one that supports current needs while anticipating future requirements. How is your organization preparing its AI infrastructure for the future? Let's discuss how we can move from insights to action in harnessing AI's potential effectively. #AI #ArtificialIntelligence #TechLeadership #ForresterReport #Innovation #elastiq
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Innovative Executive Leader | Champion of Sales Excellence and Customer-Centric Strategies | Transforming Businesses Through Strategic Vision and Execution | Leader in Revenue Optimization and Market Penetration!
AI is reshaping business operations and driving innovation. A recent report from Fierce Network found that 81% of global technology leaders anticipate strong business growth, largely fueled by these advancements. However, there's a critical readiness gap—only 14% feel fully prepared to meet AI's scalability and performance demands. I appreciate that this article highlights AI as a transformative force rather than just a trend, underscoring the need for immediate focus. To fully leverage AI's potential, it's imperative to prioritize robust network infrastructure, enhance cloud connectivity, and address skill gaps in AI implementation. These steps are integral for accelerating digital transformation, empowering teams, and maintaining competitiveness in today's dynamic landscape. #AI #DigitalTransformation #Efficiency #Innovation #BusinessStrategy
Businesses have high hopes for AI. Are their networks ready?
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This WSJ article discusses the focus on budget constraints many tech leaders face in 2024 while still needing to advance their organization's AI capabilities. So, how can CIOs and technology leaders pave the way for business growth while prioritizing efficiencies and savings? If you are considering Snowflake, Armeta's Cloud Migration Accelerator (CMA) makes efficiencies and cost savings a reality by reducing time to cutover by 80% and performing up to 21x faster than the traditional approach. Get your organization AI ready - rapidly, precisely, guaranteed! https://lnkd.in/eDjWaKDf #data #snowflake #ai
Facing Tight Budgets in 2024, CIOs Seek Wiggle Room for Tech Investments
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In a recent chat with a savvy Midwest State CIO, he said to me something insightful after I had mentioned that government can't move really transform with legacy networks. He said, "That's true. But the (more fundamental) challenge is the legacy mindset". That's the innovation roadblock. Enterprise #AI is unlike any IT teams, including those in public sector, have ever done before or may even be considering at this point amid other more pressing concerns. But a proactive and strategic mindset may want to start acting on AI to capitalize on its advantages now before it's too late or more costly. But they can’t do it using the same old IT infrastructure. The following blog highlights 5 steps to modernize your storage for the AI era. A good, quick read for government CIOs and technology executives. #GovernmentCIO #Governmenttechnology #NASCIO
To Get AI Right Tomorrow, You Need Cloud Adjacent Storage Today
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To succeed with AI, businesses need a comprehensive strategy covering cloud infrastructure, data management, and skill development. https://lnkd.in/dshqv8KF #AI #DigitalTransformation #CloudComputing #DataManagement #SkillsGap #Innovation #BusinessStrategy #TechAdoption #EnterpriseTech #ArtificialIntelligence #BusinessInsights #FutureofWork #DataReadiness #ExecutiveLeadership #OrganizationalDevelopment
Desire for AI is Apparent: Lack of Preparation is Holding Firms Back IFS Report Reveals | The Fintech Times
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Managing Director at BCG & Army Veteran, building a business focused on GovTech & FinTech. Follow me for Defense, Government & Finance perspectives on core technology, digital transformation, cloud & IT infrastructure.
As a strategic alliance partner to Amazon Web Services (AWS), Boston Consulting Group (BCG) is looking forward to once again sending a delegation to re:Invent 2023, taking place November 27–December 1 in Las Vegas, Nevada, to engage with global leaders on the future of tech innovation. Technology—from cloud computing to generative AI—is evolving at breakneck speed, and the stakes are high for companies. AWS re:Invent brings together the top cloud and tech experts from around the globe and places an emphasis on putting technological innovations into practice, with cloud computing, generative AI, machine learning, data and analytics, and emerging technologies all at the top of the agenda. BCG brings a wealth of experience and deep expertise on tech innovation, paving the way for companies to build for the future and harness tomorrow's potential. Come find us in the Expo Hall (#1250 in the Data Zone) and talk to our experts and senior leaders Joseph Watson Filippo Scognamiglio Vladimir Lukic Pranay Ahlawat Drake Watten Andrew K. Jack Grey and let's talk ☁ Cloud! ☁ #aws #cloud #cloudcomputing
BCG at AWS re:Invent 2023
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Digital transformation is transforming how businesses operate and compete, with a focus on leveraging data, cloud computing, and AI for innovation and efficiency. Professional services firms are optimistic about growth opportunities, with a majority planning significant investments in tech to realize their ambitions. The rapid embrace of AI by these firms signals a transformative shift, with expectations high for expanded service offerings and competitive advantages, although concerns persist about competitors moving at a faster pace. #DigitalTransformation #AI
Digital Transformation key to Reaching Business Ambitions
technologymagazine.com
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