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2024 Tech Predictions: IT Spending, Talent Challenges, and Gen AI Impact

2024 Tech Predictions: IT Spending, Talent Challenges, and Gen AI Impact

Update: 2023-12-11
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In this episode, Cait Porte is joined by Rodrigo Bernardinelli (Co-founder and CEO), Peter Kreslins (Co-founder and CTO), and Matt Durham (Head of Strategy) for a lively discussion on 2024 tech predictions. The episode delves into a few key areas: IT spending, talent challenges, and the impact of Generative AI (Gen AI).

1. IT Spending:
The episode kicks off with a focus on IT spending, referencing Gartner's forecast of an 8% growth in worldwide IT spending for 2024, a significant increase from previous years. Rodrigo predicts that as spending continues to rise, there will be increased pressure on technology leaders to demonstrate both improved operational efficiency and measurable gains in innovation. It's not just about spending but smart spending, ensuring investments contribute to business innovation.

2. Talent Challenges:
Peter discusses the evolving landscape of talent in 2024, emphasizing the need to balance empowerment with control as organizations move towards decentralization. The discussion covers the risks and implications of automation, including security concerns and technical debt. Peter predicts that IT leaders will continue to struggle with hiring and maintaining talent, emphasizing the importance of providing the right experience and tools for developers to enhance productivity.

3. Gen AI Impact:
The episode explores the impact of Generative AI on enterprises, acknowledging the prevalence of AI in devices and organizations seeking a competitive advantage. Peter highlights critical questions around privacy, data protection, ethical considerations, and the cost implications of AI implementation. His prediction is that 2024 will see a shift from experimentation to real examples of Gen AI being applied for enterprise use cases, with a focus on differentiation and driving meaningful outcomes.

Articles:
https://www.mckinsey.com/industries/technology-media-and-telecommunications/our-insights/yes-you-can-measure-software-developer-productivity

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2024 Tech Predictions: IT Spending, Talent Challenges, and Gen AI Impact

2024 Tech Predictions: IT Spending, Talent Challenges, and Gen AI Impact

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