Rethinking RFPs: Transforming Procurement's Greatest Pain Points with AI
IDC, Monday, February 3rd, 2025
How AI is managing procurement's largest pain points.
Share In 2011, when Marc Andreessen famously said, 'Software is eating the world,' the enterprise software market was valued at $300 billion, making up a respectable 19% of the broader IT market. Today at IDC, we project the market will skyrocket to $1.6 trillion in 2026, capturing 39% of the IT landscape.
This explosive growth means that the role of the CIO is evolving, too. Traditionally, the CIO has been responsible for maintaining operational efficiency and minimizing risks. But now, he or she is also expected to drive digital transformation and generate new revenue streams. In fact, our own research shows that 67% of CEOs expect their CIOs to lead digital transformation efforts in the next two years.