Blog: AIOps Trends in 2019
Adoption of AIOps by organizations
Artificial Intelligence in IT operations (AIOps) is rapidly pacing up with digital transformation. Over the years, there has been a paradigm shift of enterprise application and IT infrastructure. With a mindset to enhance flexibility and agility of business processes, organizations are readily adopting cloud platforms to provision their on-premise software. Implementation of technologies like AIOps and hybrid environment has facilitated organizations to gauge the operational challenges and reduced their operational costs considerably. It helps enterprises in:
- Resource utilization
- Capacity planning
- Anomaly detection
- Threat detection
- Storage management
- Cognitive analysis
Infact, if we look at Gartner’s prediction, by 2022, 40% of medium and large-scale enterprises will adopt artificial intelligence (AI) to increase IT productivity.
AIOps Market forecast
According to Infoholic Research, the AIOps market is expected to reach approximately $14 billion by 2024, growing at a CAGR of 33.08% between 2018–2024. The companies that will provide AIOps solutions to enhance IT operations management in 2019 include BMC Software, IBM, GAVS Technologies, Splunk, Fix Stream, Loom System and Micro Focus. By end of 2019, US alone is expected to contribute over 30% of growth in AIOps and it will also help the global IT industry reach over $5,000 billion by the end of this year. Research conducted by Infoholic also confirmed that AIOps has been implemented by 60% of the organizations to reduce noise alerts and identify real-time root cause analysis.
Checkout the changes initiated by enterprises to adopt AIOps in the below link https://www.gavstech.com/aiops-trends-in-2019/