IT Services will be largest recipient of CIO spending in 2024
Global IT spending is expected to total $5 trillion in 2024, an increase of 6.8% from 2023, down from the previous quarter’s forecast of 8% growth – and while generative AI (GenAI) had significant hype in 2023, it will not significantly change the growth of IT spending in the near-term. That’s according to new analysis […]
Threat Predictions for 2024: Chained AI and CaaS operations give attackers more ‘easy’ buttons
With the growth of Cybercrime-as-a-Service (CaaS) operations and the advent of generative AI, threat actors have more “easy” buttons at their fingertips to assist with carrying out attacks than ever before. By relying on the growing capabilities in their respective toolboxes, adversaries will increase the sophistication of their activities. They’ll launch more targeted and stealthier […]
Threat Predictions for 2024: Chained AI and CaaS operations give attackers more ‘easy’ buttons
With the growth of Cybercrime-as-a-Service (CaaS) operations and the advent of generative AI, threat actors have more “easy” buttons at their fingertips to assist with carrying out attacks than ever before. By relying on the growing capabilities in their respective toolboxes, adversaries will increase the sophistication of their activities. They’ll launch more targeted and stealthier […]
Nearly half of EMEA CIOs are shifting to co-owning digital leadership with their CxO peers
Forty-six per cent of CIOs in Europe, the Middle East and Africa (EMEA) are partnering with their CxO peers to bring IT and business area staff together to co-own digital delivery on an enterprise-wide scale. That’s according to Gartner’s annual global survey of CIOs and technology executives, which has found that CIO’s relationship with their […]
The crucial role of audio solutions in IT security for hybrid work models
Shure partnered with global market research giant, IDC, to delve deep into the challenges IT security departments may face as they integrate hybrid work models. Drawing from insights of over 600 respondents from a range of countries, including the UK, the study sheds light on IT security concerns surrounding the quality of audio systems and […]
Global IT spending set to hit $4.7 trillion in 2023, driven by automation
Global IT spending is projected to grow by 4.3% this year to reach $4.7 trillion, with CIOs continuing to lose the competition for IT talent, leading to a shift in spending towards technologies that enable automation and efficiency to drive growth with fewer employees. “Digital business transformations are beginning to morph,” said John-David Lovelock, Distinguished […]
‘Overwhelmed’ cyber analysts fear their organisation could already be breached
97% of cyber analysts are worried they will miss security events, with 71% admitting their organisation may have been compromised and they don’t know about it yet. That’s according to a study by Vectra AI, which details how analysts are being overwhelmed, as they receive 4,484 alerts on average per day, but can’t cope with […]
Amazon drives IaaS market to new highs
The worldwide infrastructure as a service (IaaS) market grew 29.7% in 2022, to total $120.3 billion, up from $92.8 billion in 2021, according to new data. Analysis by Gartner indicates Amazon retained the No. 1 position in the IaaS market in 2022, followed by Microsoft, Alibaba, Google and Huawei. “Cloud has been elevated from a […]
Banking and investment sector IT spending to hit $652bn this year
Worldwide banking and investment services IT spending is forecast to total $652.1 billion in 2023, an increase of 8.1% from 2022, with software experiencing the largest growth with an increase of 13.5%. “Current economic headwinds have changed the context for technology investments in banking and investment services this year,” said Debbie Buckland, Director Analyst at […]
AI and edge computing taking video surveillance in to new phase of growth
New advancements in Artificial Intelligence (AI) and edge computing for video analytics are energising the video surveillance market, with these trends driving the global installed base of cameras to 1.2 billion in 2030. “By harnessing new advancements in AI and edge computing, all areas of a business can consider surveillance cameras as intelligent Internet of […]