Breaking Analysis: Harnessing AI as IT spending improves

theCUBE's upcoming broadcasts & events [Harnessing AI as IT spending gradually improves]( In this week’s [Breaking Analysis]( theCUBE Research Chief Analyst Dave Vellante explores the current state of AI adoption and its impact on IT spending. AI leads all sectors in spending momentum, yet has not significantly boosted productivity or revenue for enterprises.   While IT spending is gradually improving, it remains constrained with a slight uptick to 3.7% expected growth in 2024. Key AI use cases include code generation, customer support and text summarization, but overall ROI remains limited due to barriers such as privacy concerns and budget constraints.   “Coming back to the budget constraints, this again is another indicator that gen AI ROI is not off the charts,” Vellante said. “The percent of customers reporting production use cases for retrieval augmented generation, or RAG for example, is in the single digits, low single digits in our latest survey from Enterprise Technology Research. It's another indicator of possible resource constraints.”    Future high-value AI projects, particularly domain-specific small language models, are anticipated to take longer to yield significant returns, with economic factors such as inflation and election uncertainties further influencing IT spending trends. [Get the free report]( AWS Challenges OpenAI & Microsoft Despite OpenAI and Microsoft's dominance in generative AI, other cloud providers and AI startups are ensuring it won't be a winner-take-all market, including AWS, which made a significant bid to be a major player at its New York summit. [Read more]( siliconangle.com [Get ready for more in-depth and real-time coverage from theCUBE]( It all starts with the CDOIQ Symposium on July 18. Then, tune in for insights from the Juniper Networks' "Seize the AI Moment" event on July 23, Supercloud 7 on July 30, Black Hat USA from August 4-8, Supermicro Open Storage Summit from August 13-29 and mWISE 2024 from September 18-19.*   *Broadcast dates and times are subject to change. [CDOIQ Symposium: July 18]( Don't miss theCUBE's exclusive coverage of [CDOIQ Symposium]( on July 18. Our analysts provide in-depth reporting and on-site interviews with top industry professionals, exploring how chief data officers are adapting to the growing demands of the data-driven enterprise AI landscape.   [Join us for exclusive coverage!](   [Juniper’s ‘Seize the AI Moment’: July 23](   Mark your calendar for July 23, and catch theCUBE's exclusive broadcast of Networks' "Seize the AI Moment" event](. The day begins with a welcome session, followed by thought-provoking discussions on the future of AI infrastructure. Hear from networking experts within Juniper's ecosystem and learn about the cutting-edge innovations driving enterprise AI forward.   Featured expert guests include:   - Rami Rahim, CEO of Juniper Networks - Charlie Kawwas, president of Broadcom - Justin Hotard, EVP and GM of HPC, AI and labs at HPE - Manoj Leelanivas, COO of Juniper Networks - Shimon Ben-David, CTO of WEKA   [Sign up today!](   [Supercloud 7: July 30](   TheCUBE is bringing back its renowned Supercloud Series with an exciting Super Studio event on July 30! Spend the day with us for live discussions on the future of AI infrastructure and the rise of intelligent data applications. Our analysts will interact with leading industry figures who are at the forefront of transforming enterprise computing. TheCUBE’s exclusive [“Supercloud 7: Get Ready for the Next Data Platform” event]( places you at the cutting edge of generative AI innovations for modern IT.   Experts we'll talk to include:   - Rohan Kumar, corporate VP of Azure Data at Microsoft - Renen Hallak, founder and CEO of Vast Data - Zhamak Dehghani, CEO and founder of Nextdata - Sanjeev Mohan, principal at SanjMo - Jeff Denworth, co-founder of Vast Data   [Tune in for the latest from the Supercloud Series!](   [Black Hat USA: Aug. 4-8](   Tune in to theCUBE from Aug. 4-8 for exclusive coverage of Hat USA]( featuring reporting and interviews with leading information security experts, software engineers, CISOs and analysts. Discover new strategies to tackle the AI-driven threat landscape and delve into the latest advancements in specialized data protection and recovery.   [Don’t miss out!](   [Supermicro Open Storage Summit: Aug. 13-29](   Join us for seven engaging sessions from the Open Storage Summit]( with technical experts from top technology companies! Dive into the world of software-defined storage solutions as we explore innovations in AI, cloud service providers, HPC, media and entertainment, HCI and more. Don’t miss this opportunity to gain insights from leaders in the field, from silicon to software and discover how cutting-edge technologies are shaping the future.   [Register for the event now!](   [mWISE 2024: Sept. 18-19](   From Sept. 18-19, join theCUBE for live coverage of 2024](. Our team will provide on-site reporting and exclusive interviews with security experts, data protection specialists and analysts as they explore the latest developments and innovations in cybersecurity, including the dual impact of generative AI on the industry.   [Stay tuned for cutting-edge insights and updates!]( [Follow all theCUBE's upcoming broadcasts!]( SiliconANGLE Media Inc. | [SiliconANGLE.com]( [View as Webpage]( [[Twitter] ]( [[YouTube] ]( [[LinkedIn] ]( SiliconANGLE Media Inc | 5 Mount Royal, Suite 280, Marlborough, MA 01752 [Unsubscribe {EMAIL}]( [Update Profile]( | [Constant Contact Data Notice]( Sent by communication@siliconangle.ccsend.com powered by [Trusted Email from Constant Contact - Try it FREE today.]( [Try email marketing for free today!](