Many infrastructure and operations leaders aren't able to dig out enough money from budgets to reallocate to AI projects, Gartner said in a survey released this week. The research firm surveyed 253 IT leaders globally, and the budget issue plagued half the participants. As a result, 54% said they are focusing on AI projects with attainable results and foreseeable cost savings, Gartner said.
"Cloud spending is growing fast - exponentially for some - and it's holding businesses back from investing in growth and innovation," said James Kretchmar, global CTO of the cloud technology division at Akamai Technologies.