GenAI development is pushing along cloud adoption at a record pace
Posted by:
David Wilson
A new report by Nutanix reveals that companies are increasing their investment in data privacy and security, with $57.3bn spent on compute and storage infrastructure in Q3 2024. The study shows that 90% of firms anticipate rising costs, yet 70% are hopeful for a return on investment in the next 2-3 years. The report highlights the growing adoption of generative AI, with 80% of organizations already implementing a GenAI strategy. Despite the benefits of cloud-native applications and containers, businesses are facing obstacles stemming from their existing IT infrastructure. Security concerns play a crucial role in cloud adoption, as 95% of respondents consider data privacy a top priority. Challenges in scaling generative AI workloads have led to a focus on IT infrastructure investment. The outlook for ROI remains positive, with 70% expecting returns within the next few years. Additionally, many respondents believe that advancements in GenAI will offer opportunities to become AI experts. The insights from the report indicate a significant shift towards embracing advanced technologies in the business landscape.
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