Breaking Analysis with Dave Vellante
Grading Our 2023 Enterprise Technology Predictions
Dec 30, 2023
The podcast grades their 2023 predictions on IT spending, cost optimization, security, generative AI, cloud, blockchain, data platforms, automation, and tech events. They discuss accuracy of previous predictions, including acquisitions, advancements in AI, and zero trust security. They also discuss AI hype, cloud expansion, and blockchain struggles. Finally, they make predictions for 2023, including the embrace of Ethereum, momentum of snowflake and Databricks, automation comeback, and upcoming predictions for 2024.
16:09
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Quick takeaways
- Tech spending grew globally in 2023, but the impact on large companies' budgets was accurately forecasted.
- Cost optimization remained a theme in 2023, with the emergence of new strategies like shifting budgets to gen AI experiments.
Deep dives
Prediction Accuracy: Global Tech Spending
Tech spending grew globally in 2023 at a rate slightly below the predicted 4-5%. However, the downward pressure on budgets and the impact on large companies were accurately forecasted. Government spending outpaced overall IT spending.
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