AIOps Market Trends

Growth Drivers

• Rising Adoption of Root Cause Analysis-Businesses may benefit from faster and more precise root cause analysis using AIOps, which is challenging with the manual methods that have traditionally been employed in corporate and commercial contexts. Approximately 97% of IT professionals, according to research by Broadcom, think that AIOps will offer practical insights to aid in automating and optimizing overall IT operations processes.
• Increasing Business Usage of AIOps Solutions- AIOps will play a significant role in helping organizations and IT teams adopt complicated next-generation technologies that cannot be properly managed with conventional solutions. Additionally, businesses from a variety of industry sectors have been concentrating on integrating automation and AI technology into their IT processes.
• Surge in Data Quantities and Usage of The Cloud- DevOps systems have evolved to be smarter for smooth and efficient business operations as IT tools and devices have, leading to a rise in the usage of AIOps. The global expansion of cloud computing usage is another factor driving the automation of these processes. Due to the pandemic, globally, over 30% of SMBs employed cloud computing services more frequently than anticipated.

Challenges

• Reliance on Algorithms and Machine Learning- Algorithms are used by AIOps to identify and examine data trends. These algorithms may be useful in some circumstances, but they also run the risk of producing false positives or false negatives. An algorithm could, for instance, identify a pattern even when it isn't truly there in the data. This may result in wrong choices or outcomes.
• Rapid Changes in the IT sector
• Lack of Skilled Workforce