NetApp’s 2024 Cloud Complexity Report Reveals AI Disrupt or Die Era Unfolding Globally
- Written by Reporters
Study highlights the divide between AI leaders and AI laggards illustrating value of unified data approach
SINGAPORE - Media OutReach Newswire - 25 April 2024 - NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today released its second annual Cloud Complexity Report. The report analyzes the experiences of global technology decision makers deploying AI at scale and shows a stark contrast between AI leaders and AI laggards. This year's report provides global insights into the progress, readiness, challenges, and momentum since last year's report, what we can learn from both the AI leaders and AI laggards, and the critical role of a unified data infrastructure in achieving AI success. "AI is only as good as the data that fuels it," said Pravjit Tiwana, General Manager and Senior Vice President of Cloud Storage at NetApp. "Both the AI leaders and AI laggards show us that in the prevailing hybrid IT environment, the more unified and reliable your data, the more likely your AI initiatives are to be successful." "APAC leaders today recognize the efficiency and innovation gains offered by AI; however, the data shows adoption variations between industries and geographies in the region," said Matthew Swinbourne, CTO Cloud Architecture at NetApp Asia Pacific. "Whether companies are AI leaders or AI laggards, optimizing IT environments before deploying AI must be top of mind to see the best return from investment." There is a Significant Divide Between AI Leaders and AI Laggards The report found a clear divide between AI leaders and AI laggards across several areas including:- Regions: 60% of AI-leading countries (India, Singapore, UK, USA) have AI projects up and running or in pilot, in stark contrast to 36% in AI-lagging countries (Spain, Australia/New Zealand, Germany, Japan).
- Industries: Technology leads with70% of AI projects up and running or in pilot, while Banking & Financial Services and Manufacturing follow with 55% and 50%, respectively. However, Healthcare (38%) and Media & Entertainment (25%) are trailing.
- Company size: Larger companies (with more than 250 employees) are more likely to have AI projects in motion, with 62% reporting projects up and running or in pilot, versus 36% of smaller companies (with fewer than 250 employees).
- Globally, 67% of companies in AI-leading countries report having hybrid IT environments, with India leading (70%) and Japan lagging (24%).
- AI leaders are also more likely to report benefits from AI, including a 50% increase in production rates, 46% in the automation of routine activities, and a 45% improvement in customer experience.
- A significant number of companies in AI-lagging countries (42%) have optimized their IT environments for AI, including Germany (67%) and Spain (59%). ANZ and Japan, however, are below the global average at 38% and 25%, respectively.
- Companies in some AI-lagging countries already report seeing the benefits of a unified data infrastructure in place, such as:
- Easier data sharing: Spain (45%), Australia/New Zealand (43%), Germany (44%)
- Increased visibility: Spain (54%) and Germany (46%)
- AI leaders will also increase their cloud operations (CloudOps), data security and AI investments throughout 2024, with 40% of large companies saying AI projects have already increased IT costs.
- Year over year, "increased cybersecurity risk" jumped 16% as a top concern from 45% to 61%, while all other concerns decreased.
- To manage AI project costs, 31% of companies globally are reallocating funds from other business areas, with India (48%), UK (40%), and US (35%) leading this trend.
- Companies reported that they expect to increase AI-driven cloud deployments by 19% from 2024 to 2030.
- 85% of AI leaders plan to enhance their CloudOps automation over the next year.
- Increasing data security investments is a global priority, jumping 25% from 33% in 2023 to 58% in 2024.
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About NetApp
NetApp is the intelligent data infrastructure company, combining unified data storage, integrated data services, and CloudOps solutions to turn a world of disruption into an opportunity for every customer. NetApp creates silo-free infrastructure, harnessing observability, and AI to enable the industry's best data management. As the only enterprise-grade storage service natively embedded in the world's biggest clouds, our data storage delivers seamless flexibility. In addition, our data services create a data advantage through superior cyber resilience, governance, and application agility. Our CloudOps solutions provide continuous optimization of performance and efficiency through observability and AI. No matter the data type, workload, or environment, with NetApp you can transform your data infrastructure to realize your business possibilities. Learn more atwww.netapp.com or follow us onX,LinkedIn,Facebook, andInstagram. NETAPP, the NETAPP logo, and the marks listed at www.netapp.com/TM are trademarks of NetApp, Inc. Other company and product names may be trademarks of their respective owners.
Source https://www.media-outreach.com/news/singapore/2024/04/25/294387/