Enterprise AI Spending to Rise 5.7 Percent in 2025, Despite Overall IT Budget Increase of Less than 2 Percent: ISG Study [Yahoo! Finance]
Information Services Group, Inc. (III)
Last information services group, inc. earnings: 3/10 04:20 pm
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Source: Yahoo! Finance
STAMFORD, Conn., December 05, 2024 BUSINESS WIRE )--New survey research from leading global technology research and advisory firm Information Services Group ( ISG ) (Nasdaq: III ) finds enterprise leaders plan to increase spending on AI by an average of 5.7 percent in 2025, despite much more modest increases in overall IT budgets, and reinvest savings from cost optimization and productivity into AI-enabled transformation. "Overall IT budgets are expected to rise 1.8 percent in 2025 – in line with inflation – but AI, security, applications and customer experience initiatives are seeing higher increases directed at strategic long-term investments," said Alex Bakker, ISG distinguished analyst and co-author of the study. "Our study found the biggest spending increases will go to AI, where enterprises are looking to establish a foothold and drive growth." The newly released ISG Market Lens™ 2025 IT Budgets and Spending Study found global IT spending on AI will rise an average of 5.7 p
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III
Earnings
- 11/7/24 - Beat
III
Sec Filings
- 12/13/24 - Form 4
- 12/13/24 - Form 4
- 12/13/24 - Form 4
- III's page on the SEC website