- In July 2024, IBM Consulting announced a partnership with Microsoft to enhance security operations for clients, particularly in managing cloud identity threats. This partnership leverages IBM's cybersecurity services with Microsoft's security technologies, including Microsoft Sentinel and Defender, to modernize security operations and offer real-time threat detection
- In April 2024, OpenText, an information technology company, announced Cloud Editions CE 24.2. OpenText IT Operations Aviator, a private-gen AI virtual assistant that is unified into OpenText SMAX. This advanced service management solution is now supporting service desk agents, which was previously exclusive to technology users
- In January 2024, ExtraHop Networks, a company specializing in IT Ops analytics and cloud-native network detection, announced that it had raised USD 100 million in growth capital from existing investors. This funding added cybersecurity veterans to the executive team to support the company’s continued growth
- In November 2023, Hewlett Packard Enterprise (HPE) announced a partnership with NVIDIA to launch a new enterprise-grade solution for generative AI (GenAI). This full-stack offering integrates HPE’s computing capabilities and AI software with NVIDIA’s advanced AI technologies. The collaboration aims to help businesses quickly and efficiently customize AI models using their data, facilitating smoother deployment across diverse environments, from edge to cloud
- In March 2023, Splunk Inc., a player in cyber security and observability, announced innovations in its unified platform of safety and observability to help build safer and more resilient digital enterprises. The latest innovations from Splunk included improvements to mission control and monitoring cloud, and the general availability of the Splunk Edge Processor. Organizations can unify, simplify, and modernize their processes and operations with the Splunk platform
- In January 2023, Microsoft launched a showcase of a cloud service called Smart Store Analytics in partnership with AiFi. This startup aims to make it cost-effective for retailers to deploy autonomous shopping technology. Smart Store Analytics is part of the Microsoft Cloud for Retail product suite, which provides retailers with AiFi’s technology and operational analytics for their Smart Store fleets
Frequently Asked Questions
The proliferation of predictive analytics, is emerging as a pivotal trend driving the global information technology (IT) operations analytics market.
The major factors driving the growth of the information technology (IT) operations analytics market are growing need due to surge in cloud computing adoption.
The primary challenges include data quality and integration issues and competitive market dynamics challenging brand differentiation.
The cloud segment is expected to dominate the global information technology (IT) operations analytics market holding a major market share of 64.7% in 2025, due to the scalability, cost-effectiveness, and flexibility, making them attractive to organizations of all sizes.
