Cloud computing is having a moment. No longer an emerging trend, Gartner predicts public cloud service and user spending to grow nearly 22%, totaling more than $597 billion in 2023, up from $491 billion in 2022. Gartner also reports that 75% of organizations will utilize a cloud-driven digital transformation model by 2026.
If the massive $2 billion commitment by KPMG for investment in Microsoft Cloud and AI services is any indication, the AI arms race will fuel further investment in the cloud platforms required to store and process the large data sets required for AI applications.
