Forrester: AI to take 20% of corporate IT budgets by 2027

AI will account for 20% of corporate technology spending in 2027, according to Forrester. More than half of IT executives are expected to miss ROI targets: only 22% saw a positive impact on operating profit over the past year, while 45% demand returns within one year.

• AI to reach 20% of corporate IT spending by 2027
• Only 22% saw a positive operating-profit impact from AI in a year
• 45% require AI investments to pay off within 12 months
• Firms will lean on open AI models to cut costs