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Topics include benefits of AI in expense management, role of technology in businesses, struggles of startups, concerns of AGI, dangers of advanced technologies
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- Tech spending is expected to continue growing at around 5% in 2023, with organizations investing in core tech areas like application software and cloud services despite certain factors like inflation and geopolitical uncertainties.
- The role of high-quality data becomes crucial as businesses focus on applying AI to their operations, requiring investment in data management and informed choices around data synthesis for better decision-making.
Deep dives
Tech Spending Trends and Outlook
Tech spending is expected to continue growing at around 5% in 2023, as companies recognize the vital role of technology in their operations. Despite certain factors like inflation and geopolitical uncertainties, organizations are still investing in core tech areas like application software and cloud services. While spending on PCs experienced a decline, it is anticipated to rebound in the coming year due to aging devices and the release of Windows 11, which will introduce AI capabilities. Overall, tech spending growth remains steady and essential for businesses.
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Listen to the best highlights from the podcasts you love and dive into the full episode