AI Fuels Nearly 30% Increase in IT Modernization Spend, Yet Businesses Are Unprepared for Growing Data Demands, Couchbase Survey Reveals [Yahoo! Finance]
Couchbase, Inc. (BASE)
Company Research
Source: Yahoo! Finance
SANTA CLARA, Calif. May 6, 2024 /PRNewswire/ -- Couchbase, Inc. (NASDAQ: BASE), the cloud database platform company, today released the findings from its seventh annual survey of global IT leaders. The study of 500 senior IT decision makers found that investment in IT modernization is set to increase by 27% in 2024, as enterprises look to take advantage of new technologies, such as AI and edge computing, while meeting ever-increasing productivity demands. There is a clear demand for modernization and tech investment: 59% are worried their organizations' ability to manage data won't meet generative AI's (GenAI) demands without significant investment. With the right approach to this investment, enterprises will be better prepared to overcome productivity challenges and satisfy end users who demand continuously improving experiences. Enterprises plan to spend an average of $35.5 million on IT modernization in 2024. More than a third of that will be on AI, with the average enterprise i
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News
- Couchbase Announces Date of First Quarter Fiscal 2025 Financial Results Conference Call [Yahoo! Finance]Yahoo! Finance
- Couchbase Announces Date of First Quarter Fiscal 2025 Financial Results Conference CallPR Newswire
- Institutional investors are Couchbase, Inc.'s (NASDAQ:BASE) biggest bettors and were rewarded after last week's US$95m market cap gain [Yahoo! Finance]Yahoo! Finance
- AI Fuels Nearly 30% Increase in IT Modernization Spend, Yet Businesses Are Unprepared for Growing Data Demands, Couchbase Survey RevealsPR Newswire
- VulnCheck Closes $7.95 Million in Seed Funding to Accelerate Momentum Amid Growing Demand for its Next-Generation Exploit Intelligence Solutions [Yahoo! Finance]Yahoo! Finance
BASE
Earnings
- 3/5/24 - Beat
BASE
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 144
- 5/14/24 - Form SC
- BASE's page on the SEC website