back to article AI maybe on everyone's lips, but it's not what's driving IT spending

In the face of continuing economic uncertainty and geopolitical conflict, spending on computer software continues at a staggering pace, forecast to grow 13.5 percent in 2023. This is according to the latest figures from Gartner, which said growth would continue into next year: after hitting $912 billion globally in 2023, …

  1. Flak
    Holmes

    If Gartner says it, it will be so

    (unless it won't)...

  2. Anonymous Coward
    Anonymous Coward

    AI maybe on everyone's lips, but it's not what's driving IT spending

    Please could the Register sub-editor be a little less obscene? At my age, and having worked on a farm, this modern headline reads "Artificial insemination maybe on everyone's lips, but it's not what's driving Intensive Therapy spending"

  3. vtcodger Silver badge

    "John-David Lovelock, distinguished vice president analyst at Gartner ..."

    Mildly curious. Does Gartner also have undistinguished vice president analysts?

    1. Michael Wojcik Silver badge

      Undistinguished vice president analysts? Sure. I mean, can you tell them apart?

  4. Sparkus

    Just wound up a long-term engagement at an 'information company'......

    ....that has a 30 year history of creating and integrating ever more sophisticated and accurate 'AI' into their product lines.

    I believe that the sudden public access to OpenAI and ChatGPT.v.xx LLMs caught them off-guard and panicked them. Drove them crazy. In the space of 90 days, the firm has spent about 1.5 billion Euro on a few rapid-fire acquisitions, not so much to gain additional tech and competence, but to keep their competition from buying said smaller companies. That spending was top-Dollar/Euro/Yen and has nearly drained the M&A coffers.

    How else are they paying for the needed integration? By clipping every non-AI tech group in the company by 10% and directing those headcount 'funds' into support for the new acquisitions.

    I give them 3 chances in 5 of pulling all his off without causing serious harm to the overall health and reputation of the firm.

  5. Joe 59

    reality check

    the vast majority of firms aren't prepared to do anything with AI or ML, let alone succeed using it. Few resources know how to use it, fewer know what to do with the data once they get the tools in place.

    Watson's been around for how long?

  6. justanotherguynamedtony
    Meh

    The hype bandwagon changes it's tune, but keeps on rolling...

    "Object Oriented", "Fuzzy Logic", "Blockchain", "Artificial Intelligence" -- what's next?

    1. Anonymous Coward
      Anonymous Coward

      Re: The hype bandwagon changes it's tune, but keeps on rolling...

      One of those is not like the others...

      1. Michael Wojcik Silver badge

        Re: The hype bandwagon changes it's tune, but keeps on rolling...

        Two. OO is clearly established, and there are a number of real-world fuzzy-logic applications, often in areas like industrial control.

        Other hyped technologies lost their lustre but actually succeeded in a quieter way. "Mobile" was a source of much scrambling for a while, and technologies like WML were the rage, but then hardware caught up and mobile apps became just another mundane deployment option. There's a lot less chatter about Big Data these days, but there's still a lot of big-data processing and data science happening; people just stopped treating it as something exciting.

        There are hyped technologies which found some market success and then plateaued, failing to reach the heights some people forecast. Wearables and home assistants are good examples.

        And then of course there were those that succeeded only in niches, like Fourth-Generation computing and blockchain. (From the latter I'm excluding good applications of proper Merkle graphs.) And the ones that still attract a lot of hype with little to show for it, such as VR.

        Personally, I am still wildly unimpressed by LLMs and other deep-transformer-stack applications, but I suppose we'll see.

        1. Anonymous Coward
          Anonymous Coward

          Re: The hype bandwagon changes it's tune, but keeps on rolling...

          Fuzzy logic was part of AI until it became mainstream...

    2. that one in the corner Silver badge

      Re: The hype bandwagon changes it's tune, but keeps on rolling...

      > What's next?

      "Knowledge Graphs"

      Been seeing new books & articles about KGs "in action" etc.

      Or you can read the monographs and conference papers from the last 40 odd years.

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