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Last year, much of enterprise genAI spend unsurprisingly came from “innovation” budgets and other typically one-time pools of funding. In 2024, however, many leaders are reallocating that spend to more permanent software line items; fewer than a quarter reported that genAI spend will come from innovation budgets this year.
Cloud ATS are ideal for most businesses due to their convenience and continuous innovation by vendors. On-premise deployments might appeal to organizations in regions with data residency requirements or limited internet access, but many cloud ATS vendors also offer virtualprivatecloud or local data center options to meet these needs.
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