{"id":3571,"date":"2024-05-06T05:55:02","date_gmt":"2024-05-06T12:55:02","guid":{"rendered":"https:\/\/www.couchbase.com\/blog\/cio-survey-digital-modernization-in-2025\/"},"modified":"2024-05-06T05:55:02","modified_gmt":"2024-05-06T12:55:02","slug":"cio-survey-digital-modernization-in-2025","status":"publish","type":"post","link":"https:\/\/www.couchbase.com\/blog\/cio-survey-digital-modernization-in-2025\/","title":{"rendered":"2024 IT Survey Analyzes Current and Future Impact of AI"},"content":{"rendered":"\n

The rise of generative AI (GenAI) is proving transformative for organizations. But organizations must be ready to seize the AI opportunity. Couchbase\u2019s seventh annual survey of 500 IT decision makers explores how enterprises are reacting to the rapid growth of AI and assesses the preparedness of their data strategies. <\/span><\/p>\n\n\n\n

Digitization pulse check<\/h2>\n\n\n\n

The view from IT departments is clear: digital modernization across organizations is still a key priority and is increasingly fueled by AI. A 27% rise is predicted in investment across digital modernization, reaching $35.5 million per enterprise by the end of 2024.\u00a0<\/span><\/p>\n\n\n\n

\"\"<\/a><\/p>\n\n\n\n

However, challenges remain. Every enterprise surveyed has been prevented from pursuing a new digital service or IT modernization project due to issues with technology, resources or organizational buy-in. Equally, every enterprise has experienced a failed project. On average, delayed or failed projects cost $4 million.\u00a0<\/span><\/p>\n\n\n\n

According to the data, the key barriers preventing new and current digital projects from being successful are legacy technology challenges and a risk of failure. What\u2019s also clear is the impact that project delays can have on enterprises, as they struggle to remain efficient and competitive. This is at odds with the ongoing productivity push \u2013 72% believe their departments are under pressure to do more with less.<\/span><\/p>\n\n\n\n

The oncoming AI rush<\/h2>\n\n\n\n

AI\u2019s ability to support intelligent and efficient automation is a major bonus for enterprises looking to improve productivity. But AI\u2019s potential stretches further than this, with testing of new ideas, helping employees to be more efficient and combatting security threats as the key reasons highlighted by respondents for AI spending.\u00a0<\/span><\/p>\n\n\n\n

Investment is significant too \u2013 respondents predict a total AI spend this year of over $21 million per enterprise. <\/span><\/p>\n\n\n\n

\"\"<\/a><\/p>\n\n\n\n

Alongside steady AI investment over the next 12 months, enterprises plan to allocate budget to areas that will be crucial to supporting further AI growth \u2013 such as edge computing, IT infrastructure and data management. <\/span><\/p>\n\n\n\n

Time to prepare<\/h2>\n\n\n\n

Enterprises require more than budget commitments to make good on AI investment. Respondents are clear on the need to ensure all areas of the business can use AI safely and effectively.\u00a0<\/span><\/p>\n\n\n\n

Nearly two-thirds (64%) of IT leaders believe that other companies have rushed to adopt the technology without properly understanding how to use AI safely. The risk of a rushed approach puts non-specialist users on the front line with the technology, which could result in financial, reputational or legal issues if the AI shares private information, or hallucinates a response. Even experienced AI users on development teams encounter such challenges.\u00a0<\/span><\/p>\n\n\n\n

The right data strategy and architecture will be crucial to powering AI. In fact, 59% said they are currently worried their ability to manage data will not meet the demands of AI without extra investment. These concerns extend to the compute power available to enterprises.\u00a0<\/span><\/p>\n\n\n\n

To mitigate these concerns, 73% of enterprises are increasing investment in AI tools to help developers work more effectively and create new GenAI applications faster. 66% of enterprises want to update their databases to better support in-house GenAI applications but believe they would need to invest in multiple databases to get all necessary capabilities. Multipurpose databases that support all access needs are available, but educating and building awareness with developers is necessary.<\/span><\/p>\n\n\n\n

Without complete control over where data is stored, how it\u2019s used and who has access, GenAI will not be safe to use. Furthermore, without the ability to access, share and use data with minimal latency, it\u2019ll be impossible for enterprises to meet GenAI\u2019s performance demands. The research shows that at least 54% of enterprises cannot ensure a comprehensive data strategy that is built for GenAI because they do not have all the elements needed.<\/span><\/p>\n\n\n\n

Adaptive applications<\/h2>\n\n\n\n

With user expectations rising for personalized, intuitive journeys, 61% state they are under pressure to continually deliver improved experiences for end-users.\u00a0<\/span><\/p>\n\n\n\n

IT leaders state the most important attribute for a consumer-facing application is adaptability (45%). Adaptive applications can automatically alter what the user is offered as needed, delivering a tailored experience.<\/span><\/p>\n\n\n\n

\"\"<\/a><\/p>\n\n\n\n

The time for AI action is now<\/h2>\n\n\n\n

Organizations that can modernize their data management strategies and control the high-speed data analytics that AI demands will find themselves in an ideal position to make full use of GenAI and deliver AI-powered adaptive applications that users crave.<\/span><\/p>\n\n\n\n

A modern database platform, such as Couchbase, is central to achieving this. Couchbase\u2019s support for multiple data access patterns, including vector search, can help remove complexity within the data architecture.\u00a0 This improves accuracy in prompts for GenAI conversations. Couchbase delivers these capabilities at the edge and in mobile devices. Devices, after all, contain a wealth of real-time situational data that can improve context for AI-powered personalized experiences.\u00a0<\/span><\/p>\n\n\n\n

The platform\u2019s high-performance caching delivers responsiveness at scale, helping many Couchbase users eliminate latency and create the next generation of AI-powered applications. Couchbase can be spun up rapidly, significantly enhancing developer productivity and accelerating time to market for modern applications. That\u2019s why developers love Couchbase!<\/span><\/p>\n\n\n\n

Access the full report: <\/span>Digital Modernization in 2025 \u2013 Are data strategies ready for the AI age?\u00a0<\/span><\/i><\/a><\/p>\n\n\n\n

And <\/span>see here<\/span><\/a> for more information on how Couchbase is the perfect fit to <\/span>enable AI-powered adaptive applications<\/span><\/a>.\u00a0<\/span><\/p>\n\n\n\n

Check out how <\/span>customers<\/span><\/a>, including <\/span>Carnival Corporation<\/span><\/a>, <\/span>Betfair<\/span><\/a> and <\/span>United Airlines<\/span><\/a> are using Couchbase to modernize applications. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The rise of generative AI (GenAI) is proving transformative for organizations. But organizations must be ready to seize the AI opportunity. Couchbase\u2019s seventh annual survey of 500 IT decision makers explores how enterprises are reacting to the rapid growth of AI and assesses the preparedness of their data strategies. Digitization pulse check The view from […]<\/p>\n","protected":false},"author":85252,"featured_media":3568,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_acf":"","footnotes":""},"categories":[598,199,413,353],"tags":[770,463,603,384],"ppma_author":[831],"class_list":["post-3571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence-ai","category-company","category-customers","category-solutions","tag-adaptive-applications","tag-digital-transformation","tag-modernization","tag-survey"],"yoast_head":"\n2024 IT Survey Analyzes Current and Future Impact of AI<\/title>\n<meta name=\"description\" content=\"Couchbase\u2019s 7th annual survey of 500 IT decision makers explores enterprise reactions to rapid AI growth, and assessing data strategy preparedness.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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