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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. The global managed services market size was estimated at USD 299.01 billion, IDC said. billion, IDC said.

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IBM and AWS forge global alliance, streamlining access to AI and hybrid cloud solutions

CIO

This strategic alliance allows businesses in these countries access to IBM’s software products, including data technologies and AI, directly through the AWS Marketplace, IBM said in a statement. Previously, the digital catalog was available in just five countries.

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The Blockchain battlefront: Technology, business, and regulation

CIO

Comedian John Oliver quipped that cryptocurrency is “everything you don’t understand about money combined with everything you don’t understand about technology.” The great regulatory bureaucracy has awakened to the significance of blockchain-enabled technology, led by the SEC. . He missed another area of notorious confusion: the law.

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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.

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Technology and AI

CIO

Austria’s technology and AI landscape is located in much smaller places than the typical international hubs. Founded in 2005, this pioneer among Austrian startups has grown into a global leader with more than 4,200 staff worldwide. The capital of Upper Austria, Linz, is the perfect example. Artificial Intelligence

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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.

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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.