IT Spend Evolution In the Era of AI

Enterprises have to invest in these—both out of necessity and to not miss out on future opportunities. The cost of missing out is much bigger than over-investing.

The amount of available data has been exploding for a few years now, necessitating ever larger data lakes. What the transformer algorithm— the underlying generative technology—provides is the ability to vectorize, index and contextualize disparate data sets and to generate unprecedented insights from them. Enterprises are in a race to take advantage of their own data and are on the hunt for tools and systems that enable them to do that at scale and pace. (Forbes)

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