AI drives surge in data, cloud, cyber spends despite tight tech budgets

‘AI is opening new areas of addressable work, including cybersecurity, core operations, custom systems integration, and even mainframe modernisation’ AI-led transformation is emerging as a key growth driver for IT services, with companies seeing a surge in adjacent spending on data modernisation, cloud, and cybersecurity, even as overall technology budgets remain constrained. Julie Sweet, Chair and CEO of Accenture, highlighted this pattern during the company’s Q2 FY26 earnings call, adding that...