Enterprises are allocating $35.5 million on IT modernization, with over a third directed towards AI, a Couchbase survey reveals. In 2023, AI investments will reach $21 million, with $6.7 million earmarked for Generative AI. Challenges include managing data effectively and restructuring workforce strategies to meet AI goals, as highlighted by Accenture and Cushman & Wakefield. Gartner anticipates an 8% increase in IT spending current year.