AI software spending set to nearly double by 2025: Forrester

▤ Summary

• Global enterprise spending on custom and off-the-shelf AI software will reach $64 billion by 2025, a new Forrester report projects. Implementing AI has now become strategic for the majority of global enterprises, said Mike Gualtieri, VP and principal analyst at Forrester. Businesses now have software solutions wrapped around each critical process, and with more AI capabilities comes the potential for a disjointed approach to the technology. The boom in AI software comes with another challenge: having enough prepared talent to manage it. Hiring alone wont bridge that gap, calling businesses to create internal upskilling programs.

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