Trend #1: As recession looms, companies will look to optimize infrastructure cost
Whether North America is in recession or not, companies are actively cutting costs, and reducing IT infrastructure, which has always been an easy choice for CEOs. While compute and storage costs continue to be reduced through the usage of cloud, it still can lead to huge bills for organizations given their heavy investments in data and analytics infrastructure. Thanks in part to the breadth of choices of storage, compute, and applications, companies often take a rip-and-replace strategy to modernize their data and analytics efforts. That approach is not only costly, but it can often lead to disruption in IT operations. In 2023, more companies will see IT focusing on modern, non-disruptive ways to update their IT infrastructure, whether their data resides entirely in one cloud, multiple clouds, or in a hybrid environment including on-premises.
