As annual enterprise cloud spend hurtled past the $500 billion threshold last year, AI investments began to feed growth in the infrastructure services market. The immediate impact on overall IT spend has been modest, according to analyst firm Gartner, but generative AI investments registered in cloud.
“It takes a lot to move the needle, but AI has done just that,” the SRG report said.
A sunnier economic outlook also helped unleash Q4 cloud spend, making it difficult to parse the various factors driving enterprise consumption.
