PYMNTS.com February 14, 2025
Global IT spending is expected to increase by 9% in 2025, driven by AI and cloud expenditures, according to a report from S&P Global Ratings.
But a divided picture is also emerging: As major cloud providers — AWS, Microsoft Azure and Google Cloud — along with Meta raise their AI investments to about $320 billion this year, businesses remain tentative about AI deployments.
“Enterprises are still figuring out use cases that can deliver good ROI. Explainability, security and legal risks remain key challenges,” S&P’s Technology Director Christian Frank told PYMNTS.
“Most enterprises are still in the proof-of-concept stage, and while we expect more to roll out broader implementations in 2025, we expect enterprises to remain cautious on AI implementation,” he...
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