AI spending puts the squeeze on IT modernization, risking ROI

IT modernization remains a key pillar of CIOs’ strategic agendas , and even CEOs are coming around to the value that addressing legacy systems has in fueling transformation and innovation. Yet a solid majority of application and infrastructure modernization projects are failing to meet expectations, with many IT leaders having to cut IT corners to divert money for AI, in addition to all the traditional problems that plague them . Sixty-one percent of organizations have had to pause, delay, scale