Gartner Raises IT Spending Forecast For 2024 Again

November 11, 2024 Timothy Prickett Morgan

The boom of GenAI just keeps getting louder, and the increasing spending by the hyperscalers and clouds are giving air cover to IT shops all over the world who want to weave GenAI technologies into the applications and processes of their companies and who therefore want to get more IT budget.

IT spending forecasts are useful because they tell us where we think we are going and they also tell us how our IT shop measures up against the average of all of the IT shops in the world. The typical enterprise is definitely not spending anywhere near as much …