Although IT spend, including on cloud services, cooled somewhat in 2023, the second half of the year showed signs of stability, even resilience, buoyed in part by the growing interest in generative AI. For cloud market leader AWS, with 31% global share, the company’s efforts to cut costs and enhance efficiency resulted in substantial profit improvements. Like its peers, AWS also sees great potential in AI and came out with a slew of capabilities towards the end of the year.

In today's hyper-connected world where data reigns supreme, businesses need agile, reliable, and cost-effective ways to seamlessly integrate their digital ecosystems. Understanding this critical need, Console Connect and Digital Realty are taking our collaboration to the next level to bring new levels of connectivity and choice to enterprises, carriers, and service providers.

The past year has seen a transformational change in the cloud computing landscape, spearheaded by the advent of AI technology, the ongoing economic challenges for businesses to achieve successful results, and the evolving data regulations surrounding security and privacy. To navigate these changes, and create future opportunities, here are the major trends for 2024 and beyond.