Tag: gartner
Gartner Inc (IT) Q4 2022 Earnings Call Transcript
Gartner Inc (NYSE: IT) Q4 2022 earnings call dated Feb. 07, 2023 Corporate Participants: David Cohen — Senior Vice President of Investor Relations Eugene A. Hall — Chief Executive Officer Craig Safian — Executive Vice President […]
The post Gartner Inc (IT) Q4 2022 Earnings Call Transcript first appeared on AlphaStreet.
Mobile Phone, PC Shipments To Fall Again in 2023, Gartner Says
The mobile phone market peaked in 2015 when shipments touched 1.9 billion units. The pandemic led to a fundamental change where people working from home didn’t feel the need to change phones frequently, Ranjit Atwal, research director at Gartner, said in an interview.
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Enterprise software, services to boost 2023 IT spending by 2.3%: Gartner
Software and IT services will drive worldwide IT spending to $4.5 trillion in 2023, an increase of 2.4% above 2022, according to the latest forecast by market research firm Gartner. That’s down from last quarter’s estimate of 5.1% growth, mainly due to a slower-than-expected rebound for hardware sales.
Enterprise spending on software and IT services is projected to increase 9.3% and 5.5% in 2023, respectively. However, continuing a trend from previous forecasts, spending on hardware devices is expected to decline 5.1% this year as both consumers and enterprises lengthen device refresh cycles.
Otherwise, enterprise spending on data-center systems and communications services is forecast to rise modestly, by 0.7% and 0.1%, respectively.
Gartner analysts reveal 8 cybersecurity predictions for 2023
Cloud, services to fuel 3.7% jump in EMEA IT spending in 2023: Gartner
New research from Gartner shows that IT spending in EMEA is set to see a 3.7%, year- over-year increase in 2023, rising to $1.3 trillion.
While companies are often hesitant to sign new contracts or commit to long-term spending initiatives during turbulent times, enterprise IT budgets are not central to this hesitancy, and as a result, businesses in EMEA (Europe, Middle East and Africa) are set to increase their IT budgets in 2023, said Gartner analyst and vice president John Lovelock.
In research released Wednesday at the company’s IT Symposium 2022 in Barcelona, Gartner found that increased spending on cloud software is largely fuelling the spending growth, with EMEA CIOs using cloud-first technologies to drive new initiatives, such as packaged business capabilities (PBCs) and data grids, while maintaining current on-premises environments.
Gartner report: 70% of organizations will implement structured automation by 2025
Gartner Predicts ‘Digital Immune Systems’ and Virtual Metaverse Workspaces
Forbes offers a summary. Some highlights:
Digital Immune Systems. [A]ntiquated development and testing approaches are no longer sufficient for delivering robust and resilient business-critical solutions that also provide a superior user experience. A Digital Immune System combines several software engineering strategies such as observability, automation, and extreme testing to enhance the customer experience by protecting against operational and security risks. By 2025, Gartner predicts that organizations that invest in building digital immunity will increase end-user satisfaction through applications that achieve greater uptime and deliver a stronger user experience.
Applied Observability. The path to data-driven decision making includes a shift from monitoring and reacting to data to proactively applying that data in an orchestrated and integrated way across the enterprise. Doing so can shorten the time it takes to reach critical decisions while also facilitating faster, more accurate planning. Gartner notes observable data as an organization’s “most precious monetizable asset” and encourages leaders to seek use cases and business capabilities in which this data can deliver competitive advantage.
“By 2025, Gartner predicts that 50% of CIOs will have performance metrics tied to the sustainability of the IT organization,” Forbes writes. But they also note that Gartner is predicting platform engineering — “a curated set of reusable self-service tools, capabilities, and processes” to speed up and optimize development. “Gartner predicts that by 2026, 80% of software engineering organizations will establish platform teams.”
They’re also predicting “adaptive” AI that can change after being deployed. But Forbes summarizes Gartner’s related prediction, that AI leaders “increasingly must bake governance, trustworthiness, fairness, reliability, efficacy and privacy into AI operations” to improve adoption and user acceptance. This will include tools that “make AI models easier to interpret and explain while improving overall privacy and security.”
PC Magazine offers this summary of a related prediction from Gartner: “By 2025, without sustainable AI practices, AI will consume more energy than the average European country, offsetting any environmental gains that AI creates by 25%.”
Gartner also predicts a phasing out of marketing that uses social media sites’ data about individuals — and that fully virtual workspaces “will account for 30% of the investment growth in metaverse technologies and will ‘reimagine’ the office experience through 2027,” writes PC Magazine:
[Gartner Fellow Daryl Plummer] said people need to reimagine how work will be done. He said that few people want to go back to the office full-time, but that virtual participants in calls often feel like second-class citizens. A fully immersive world is an answer to this, he said, with the interactive experience more important than information exchange. He believes metaverse experiences will be where people collaborate in ways they couldn’t do in the office, blurring the line between home and work.
By 2025, “labor volatility” will cause 40% of organizations to report a material business loss, forcing a shift in talent strategy from acquisition to resilience. Plummer talked about revamping the way talent is valued. He said people don’t want to do just one thing, but want to be “versatilists,” which makes them more valuable to the company and less likely to leave.
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