Generative AI not yet significantly impacting IT spending levels

According to Gartner worldwide IT spending will grow 4.3% this year – but despite all the noise around generative AI, it is not moving the dial much at the moment.
The 4.3% jump amounts to a projected $4.7 trillion in worldwide IT spending in 2023, driven in no small part by a 14.5% jump in software spending – according to figures from Gartner.
However while it seems every other news story in tech at the moment in some way shape or form mentions the impact of generative AI on the wor