NEWS
AI infrastructure spending to surpass the US $ 100bn mark ‘ in the next five years ’
The global AI infrastructure market is on track for unprecedented growth , poised to surpass $ 100 billion USD in spending by 2028 , according to the latest findings from the International Data Corporation ( IDC ) Worldwide Semiannual Artificial Intelligence Infrastructure Tracker .
Organizations increased spending on compute and storage hardware infrastructure for AI deployments by 37 % year-over-year in the first half of 2024 , reaching $ 31.8 billion .
“ IDC expects AI adoption to continue growing at a remarkable pace as hyperscalers , CSPs , private companies , and governments around the world are increasingly prioritizing AI . Growing concerns around energy consumption for AI infrastructure will become a factor in datacenters looking for alternatives to optimize their architectures and minimize energy use ,” said Lidice Fernandez , Group Vice President , Worldwide Enterprise Infrastructure Trackers .
The AI infrastructure market has now sustained double-digit growth for nine consecutive half-years , driven primarily by investment in servers for AI deployments .
The United States leads the global AI infrastructure market , accounting for almost half of the total spending in 1H24 , followed by PRC ( 23 %), APJ ( 16 %), and EMEA ( 10 %). Over the next five years , IDC expects the APJ region to grow at the fastest CAGR ( 20 %) followed by the USA ( 16 %), EMEA ( 13 %) and PRC ( 11 %).
By 2028 , IDC forecast AI Infrastructure spending to reach $ 107Bn with servers deployed in cloud environments at 75 % of the market total and accelerated servers around 56 % of the total market spending .
data . org launches Asia Pacific Data Capacity Accelerator
Backed by the Mastercard Center for Inclusive Growth , data . org has launched the Asia Pacific ( APAC ) Data Capacity Accelerator – the fifth in a growing network of global partners that are building a workforce of purpose-driven data practitioners .
The APAC Data Capacity Accelerator will catalyze the application of data to address systemic financial inclusion challenges – including the critical need to build the data for social impact workforce .
In partnership with the Asian Institute of Digital Finance ( AIDF ) – a university-level institute at the National University of Singapore ( NUS ) – and the Association of Pacific Rim Universities , this accelerator will produce a cohort of data practitioners and a training model to scale across the region .
Shamina Singh , Founder and President , Mastercard Center for Inclusive Growth , said : “ We are proud to work with partners such as data . org , the Asian Institute of Digital Finance at the National University of Singapore , and the Association of Pacific Rim Universities to reach the next generation of data practitioners , so they can harness the power of data and AI to support inclusive economic growth in the APAC region .”
Danil Mikhailov , Executive Director , data . org , said : “ We will only reach our goal of training one million purpose-driven data practitioners by 2032 through interdisciplinary , locally led programs . Our growing and diverse network of partners , including now five Capacity Accelerator Network hubs worldwide , is making connections across sectors and across borders , inspiring a new generation of problem solvers .”
8 INTELLIGENTCIO APAC www . intelligentcio . com