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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, IDC attributed to the growing investments by organizations in areas such as AI and cloud.

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Digital transformation’s fundamental change management mistake

CIO

Underpinning these initiatives is a slew of technology capabilities and strategies aimed at accelerating delivery cycles, such as establishing product management disciplines, building cloud architectures, developing devops capabilities, and fostering agile cultures.

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Generative AI sparks family business renaissance: PwC report

CIO

The next generation of leaders in family businesses is poised to embrace the transformative power of generative AI (GenAI) despite marked resistance from the incumbent leaders, according to a PwC report. In the same breath, the findings suggested the NextGen leader’s apprehension about the incumbent leaders’ ability to capitalize on it.

Business 662
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Huawei’s Vision for Intelligent Networking Unveiled at GITEX Global 2023

CIO

GITEX Global 2023 witnessed Huawei’s impactful presence, as the tech giant delved into the future of intelligent networking. Huawei, with its global presence and extensive campus facilities, has positioned itself as a key player in this transformation. This innovation significantly enhances network O&M experience.

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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. AI could necessitate retraining of internal staff to adapt to new technologies.

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Hybrid working: network managers need to take care of unfinished business

CIO

Today, the need for long-term solutions means that hybrid working is one of the top three trends driving network modernization – as reflected in the 2022-23 Global Network Report published by NTT. On top of these challenges, Matthew Allen, Vice President, Service Offer Management – Networking at NTT, identifies a further difficulty.

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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. Culture should be mission-driven, and for us, it’s all about driving the business forward through the tools we’re creating.” Wenhold has instituted a number of strategies to empower Power’s creator culture.

Business 804