Gartner Revises Server Spending Forecast Sharply Upward As Generative AI Effect Kicks In
SiliconANGLE , Thursday, July 18th, 2024
Gartner Inc.'s latest worldwide information technology spending forecast predicts a 24.1% jump in spending on data center systems, more than double the 10% growth expected just three months ago and six times the actual growth of 4% last year - thanks to generative artificial intelligence.
That's according to John-David Lovelock (pictured), a distinguished vice president analyst at Gartner who is the principal author of the report. He said spending by managed service providers on servers tuned for AI training is driving most of the surge and that the impact is likely to last for years.
A veteran of a decade of forecasting, Lovelock said even he hasn't seen a change this dramatic since COVID-19. 'Servers growing at this rate, I've never seen it, and I never would have expected it,' he said.