Gartner, Inc. - IT STOCK NEWS

Gartner (NYSE: IT) announced that Craig Safian, EVP & CFO, will present at the J.P. Morgan Ultimate Services Investor Conference. The presentation is scheduled for 03:50 pm Eastern Time on Thursday, November 14, 2024. Investors can access the live webcast through Gartner's investor relations website, with a replay available for approximately 30 days after the presentation.

Gartner forecasts worldwide IT spending to reach $5.74 trillion in 2025, growing 9.3% from 2024. Server sales are projected to nearly triple from $134 billion in 2023 to $332 billion by 2028, driven by GenAI investments. The forecast shows significant growth across sectors: data center systems (15.5%), devices (9.5%), software (14%), IT services (9.4%), and communications services (4.4%). CIOs are expected to increase GenAI spending beyond proof-of-concept work starting in 2025, though expectations for GenAI capabilities may decrease. The report predicts IT spending will surpass $7 trillion by 2028.

A Gartner survey reveals that only 48% of digital initiatives meet or exceed their business outcome targets. However, a group called the 'Digital Vanguard' achieves a 71% success rate. This group distinguishes itself by co-owning digital delivery between CIOs and CxOs.

Key findings include:

• Digital vanguard CxOs dedicate 35% of their business staff to technology work
• Over 80% of CIOs expect to increase investments in cybersecurity, AI/GenAI, business intelligence, and integration technologies in 2025
• 43% of CIOs plan to decrease investment in legacy infrastructure
• Only 16% of CIOs prioritize building a technology workforce enterprise-wide
• 18% of CIOs prioritize sharing technology leadership with other business areas

The survey suggests that CIOs' success now depends on their CxOs' success in co-leading digital initiatives.

Gartner, Inc. (NYSE: IT) has announced it will release its third quarter 2024 financial results on Tuesday, November 5, 2024, before the market opens. The company will host a webcast call at 8:00 a.m. ET to discuss the quarterly results. Interested parties can access the live webcast at https://edge.media-server.com/mmc/p/bzs2cnzy, with a replay available for approximately 30 days after the call.

For active participation via dial-in, registration is required at https://register.vevent.com/register/BI696e4e3a8a3d4777bbb5e659fb9a014c. Registered participants will receive a dial-in number and a unique PIN to access the call. The press release and earnings supplement will be available on Gartner's investor website at https://investor.gartner.com.

Gartner has unveiled its top 10 strategic technology trends for 2025 at the Gartner IT Symposium/Xpo 2024. These trends focus on AI imperatives and risks, new computing frontiers, and human-machine synergy. The list includes:

• Agentic AI
• AI Governance Platforms
• Disinformation Security
• Postquantum Cryptography
• Ambient Invisible Intelligence
• Energy-Efficient Computing
• Hybrid Computing
• Spatial Computing
• Polyfunctional Robots
• Neurological Enhancement

These trends are expected to shape the future of organizations through responsible and ethical innovation. Gartner predicts significant impacts, such as 15% of day-to-day work decisions being made by agentic AI by 2028 and 80% of humans engaging with smart robots daily by 2030. The report aims to help IT leaders navigate upcoming technological disruptions and opportunities.

Gartner's survey reveals 57% of CIOs are leading AI strategies in their enterprises, but face four key challenges in delivering value with AI:

1. Uneven business benefits: Productivity gains from GenAI vary by employee, job complexity, and experience level.
2. Spiraling costs: Over 90% of CIOs report cost management limits AI value.
3. Data and AI proliferation: On average, only 35% of AI capabilities are built by IT teams.
4. Employee impact: AI can positively and negatively affect performance and well-being.

To address these challenges, CIOs must manage AI benefits as a portfolio, understand AI costs, implement a 'tech sandwich' approach for governance, and actively manage behavioral outcomes. The pace of AI adoption (steady or accelerated) depends on organizational ambitions and industry dynamics.

A recent Gartner survey reveals that only 52% of senior marketing leaders successfully prove marketing's value and receive credit for contributing to business outcomes. The survey, conducted in April and May 2024, shows that CMOs ranked CFOs (40%) and CEOs (39%) as the top executives most skeptical of marketing's value.

Key findings include:

• 47% of CMOs report marketing is viewed as an expense rather than a strategic investment
• Leaders who communicate marketing's value through a long-term, holistic view are more successful in proving value
• Incorporating complex metrics increases the likelihood of proving value by up to 1.8 times
• Personal involvement in data and analytics initiatives significantly impacts CMOs' ability to prove marketing value
• Major barriers to proving marketing's value are talent-related, including lack of necessary skills and analytical talent

According to a Gartner survey, 32% of consumers plan to start holiday shopping before November. Only 14% of U.S. consumers intend to increase spending year-over-year, while 21% plan to reduce it. Online shopping remains popular, with 20% of consumers planning to increase their online purchases due to concerns about in-store pricing.

The survey reveals that 60% of consumers have at least one concern about in-store shopping, including higher prices (40%), inventory issues (28%), and security concerns (14%). Despite this, 57% of consumers plan to use value-added services like Buy Online, Pickup In Store (BOPIS), curbside pickup, and same-day delivery.

Extended return policies are becoming increasingly important, especially for younger shoppers. Gartner advises CMOs to begin holiday planning in Q1 and launch execution in Q3 to adapt to changing consumer expectations.

Gartner, Inc. (NYSE: IT) has announced the Gartner CFO & Finance Executive Conference 2024, scheduled for September 11-12, 2024, at the InterContinental London - the O2. The conference theme is 'Autonomous Finance: Driving Transformation to Unlock Enterprise Value'. It will address current challenges such as higher rates, challenged growth, and AI integration in finance.

The agenda is divided into four tracks focusing on CFO roles, FP&A, controllers, and finance transformation. Keynote speakers include Gartner experts and guest speakers Dr. Fons Trompenaars and Tali Sharot. The event offers an exhibitor showcase for finance technology solutions. Early-bird registration with a £400 discount is available until July 12.