“ We ’ ve seen significant growth in demand for the cloud as businesses continue to evaluate every part of their business , considering opportunities for transformation by technology , data and AI – pursuing new ways of working and engaging with customers , and new opportunities for growth .
“ Indeed , recent Accenture research of UK C-suite business leaders found nearly all ( 92 %) plan to increase technology spending in 2024 , up 12 % on this time last year , with a further four in five ( 82 %) planning to boost investment on data and AI specifically .
“ This anticipated rise in demand will continue to place greater emphasis on cloud providers to deliver the infrastructure and compute power to enable the likes of large language models ( LLMs ) to process vast quantities of data at superfast speed . Consumption is only set to increase again , as organisations continue to require more of their cloud providers .”
“We ’ ve seen significant growth in demand for the cloud as businesses continue to evaluate every part of their business ”
MAYNARD WILLIAMS MANAGING DIRECTOR UK ACCENTURE
90 December 2023