| | JANUARY 20258HEXAWARE TEAMS UP WITH AWS TO REVOLUTIONIZE IT SOLUTIONS WITH GENAIGlobal IT spending is anticipated to hit $5.61 trillion by 2025, indicating a 9.8 percentage rise compared to 2024, based on Gartner's most recent prediction. In India, IT expenditures are projected to increase by 11.1 percentage, totaling $161.51 billion during the same timeframe. Yet, even with the increased budgets for CIOs, a significant portion of the growth will probably be consumed by rising expenses, affecting real IT expenditures."While budgets for CIOs are increasing, a significant portion will merely offset price increases within their recurrent spending," said John-David Lovelock, distinguished VP analyst at Gartner. "This means that, in 2025, nominal spending versus real IT spending will be skewed, with price hikes absorbing some or all of budget growth. All major categories are reflecting higher-than-expected prices, prompting CIOs to defer and scale back their true budget expectations."Segments including data center systems, devices, and software are anticipated to see double-digit growth in 2025, primarily fueled by upgrades in generative AI (GenAI) hardware. Nonetheless, these improvements are not expected to offer substantial enhancements in performance."GenAI is sliding toward the trough of disillusionment, which reflects CIOs' declining expectations for GenAI but not their spending on this technology," Lovelock noted. "For instance, the new AI-ready PCs do not yet have `must-have' applications that fully utilize the hardware. While both consumers and enterprises will purchase AI-enabled PCs, tablets, and mobile phones, these purchases will not be heavily influenced by GenAI functionality." Hexaware Technologies, a provider of IT solutions and services, announced a partnership with Amazon Web Services (AWS) to enhance its capabilities in migration and modernization, data and AI, as well as GenAI-powered customer experience solutions.By partnering with Amazon's cloud computing division, Hexaware aims to enable its clients to drive innovation and leverage real-time data insights, enhance business value, and improve operational efficiency across vital sectors including retail, banking, healthcare and life sciences, travel, transportation, and hospitality.Utilizing AWS native accelerators alongside Hexaware's Amaze, and conforming to AWS foundational technical review standards, it will facilitate quicker migration and modernization solutions while lowering expenses for clients. Hexaware has developed RapidX, a GenAI-driven platform for contemporary software engineering."AWS and Hexaware will collaborate to further develop the RapidX platform to support clients for cloud-native product development, as well as legacy modernisation initiatives to deliver cost-effective solutions by improving developer productivity and software development quality metrics," the release said.Amazon Web Services, Inc. (AWS) is a division of Amazon that offers on-demand cloud computing services and APIs to individuals, businesses, and governments, charging based on usage in a pay-as-you-go model. AWS services are provided to clients through a network of AWS data centers situated globally. GLOBAL IT SPENDING SET TO REACH $5.61 TRILLION BY 2025, MARKING 9.8 PERCENTAGE GROWTHJUST IN
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