Nearly three times as many companies say AI budgets are devoted to employee-facing projects rather than customer technology and apps, a new CNBC survey finds.
High interest rates have caused some companies to pull back on tech spending, with AI and cloud the drivers for"critical" new investments, according to a new CNBC Technology Executive Council survey.
HPE and Nvidia announced a deal this week for enterprise AI adoption that HPE's CEO says can lead to deployment in less than 30 seconds.High interest rates have taken their toll on overall technology spending budgets across the market, but the critical nature of artificial intelligence and cloud computing to the future of companies across all sectors is the driving force in current spend, according to a new CNBC Technology Executive Council bi-annual survey.
IT spending budgets are doing battle with lingering concerns about an economic slowdown yet to materialize, but the need to invest in the newest applications for clients has many companies pressing ahead. The biggest risk that tech executives see for their business in the immediate future is meeting customer demand for new technology, with 28% citing it in the survey, followed by cost-cutting pressures, at 20%.
The CNBC survey was conducted among a sample of 25 senior technology executives at large organizations from June 7–June 14.The percentage of employees using AI at work, and using it with authorization, continues to tick higher, up 10 percentage points to 60% in the new survey. The overall number of employees using AI within an organization, anywhere from 25% of workers to all employees, has increased as well.
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