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Study: Over 75% of Service Providers Believe Investment in Data Modernization Crucial to Realizing Generative AI's Full Potential

1. Only 19% of global communications providers have complete modernization for AI. Amdocs-sponsored IDC study highlights a large industry upgrade need. 2. Amdocs positions itself as a key enabler in data modernization. Study results support potential expansion in hybrid AI services.

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Why Bullish?

The study underscores a significant industry gap that Amdocs can fill, potentially boosting sales. Similar situations in tech modernization have historically enabled revenue growth for leading solution providers.

How important is it?

While the news is promotional, it highlights a critical market need that could drive future opportunities for Amdocs. The study reinforces its thought leadership, though near‐term impacts may be limited.

Why Long Term?

Widespread data modernization is a gradual process requiring commitment over years. Past trends in telecom and tech upgrades show benefits materializing over the long run.

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Only 19% of communications service providers worldwide have fully implemented an integrated set of processes, platforms and governance policies required to support effective data modernization for AI JERSEY CITY, NJ / ACCESS Newswire / February 21, 2025 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today released the findings of a comprehensive global study conducted by International Data Corporation (IDC), sponsored by Amdocs. The IDC white paper*, "AI Demands More: Enterprises Are Playing Catch-Up on Mission-Critical Data Modernization," highlights the critical need for robust data modernization efforts to fully leverage the power of hybrid AI.

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