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Global managed services to grow in 2024 as enterprise IT spending rises

CIO

The global market for managed services will rise in 2024 due to organizations’ IT spending surge and larger investments in managed services deals involving AI and cloud computing, according to market intelligence firm IDC. This trend will continue over the next few years as more organizations experiment or go live with AI-enabled services.

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IT budget shock: Global IT services firms continue to struggle

CIO

The global IT services industry is at a significant crossroads, with the explosive growth of generative AI and deepening economic uncertainties reshaping its future. Cognizant Technology Solutions announced a full-year revenue forecast below expectations. Consequently, the qualities and skills sought in employees are evolving.

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Transforming IT culture for business success

CIO

IT’s continuing evolution away from order-taker to strategic business partner has also had an impact. IT’s continuing evolution away from order-taker to strategic business partner has also had an impact. Culture should be mission-driven, and for us, it’s all about driving the business forward through the tools we’re creating.”

Business 805
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Embracing sustainable IT unlocks environmental, business, and financial benefits

CIO

Its use of renewable energy, sustainable technologies, and recycling is common in homes and businesses throughout the country, as well as the neighboring Nordic region, making Norway a role model of environmental stewardship. Cegal , a Norwegian global IT services business, is a great example of this leadership.

Business 782
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SAP poaches Microsoft exec as its new global head of AI

CIO

SAP has appointed a new global head of artificial intelligence, Walter Sun, after the previous post-holder quit to found her own AI startup. For the past 18 years, Sun worked at Microsoft, most recently as VP of AI for its business and applications platform group. Sun replaces Feiyu Xu as SAP’s global head of AI.

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Expat CIOs: IT leaders broaden horizons with global experiences

CIO

We live in a world that is more global than ever before and it is important to experience different cultures, customs, and traditions,” he says. “We We live in a world that is more global than ever before and it is important to experience different cultures, customs, and traditions,” he says.

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Jacobs revamps its IT operating model to accelerate business

CIO

In March 2022, Steve Demetriou, chair and CEO of Jacobs, announced a new multiyear strategy that would focus on three accelerators for the $15B professional services business: climate response, consulting and advisory, and data solutions, each supported by significant acquisitions. Three modes of IT.

IT 700