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Atos calls for help after plan to raise new capital falters

CIO

French IT services company Atos has called on a third-party trustee to help it negotiate debt refinancing with its banks after plans to raise €720 million in new capital through a rights issue fell through. It announced it requested the appointment Monday, promising to give an update on the negotiations in due course.

Capital 617
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How to capitalize on ‘Trustworthy AI’

CIO

Businesses have to make sure that in their desire to be first to market, they don’t sacrifice on quality.” When a new wave of technology innovation seems to be breaking over the horizon, the fear of missing out — FOMO — can drive hasty decisions on new IT investments. CEOs have taken notice, and a Gartner, Inc.,

Capital 899
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Top 10 barriers to strategic IT success

CIO

CIOs must redirect resources when technologies as revolutionary as generative AI come to market or risk falling behind or becoming obsolete — in which case, hitting other strategic goals won’t matter much. To Carm Taglienti, the explosion of all things AI over the past few years has been both a pro and a con to IT teams.

IT 774
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A changing market landscape requires constant evolution: Our mission for VMware customers

CIO

As we moved from transaction to integration, we began to translate customer thoughts into a comprehensive go-to-market strategy for VMware Cloud Foundation, or VCF. Early in this process, I concluded that the previous go-to-market model was too complex and costly for VMware and its customers.

Marketing 651
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IT services company Atos finalizes plan for IBM-style split

CIO

The deal will spell an end to the current one-stop shop for IT services that it offers its enterprise customers, but will free up capital and cash-flow for it to invest in more modern activities: digital transformation , smart digital platforms, cloud technology, cybersecurity, high-performance computing and AI.

IT 617
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NetSuite adds generative AI to its entire ERP suite

CIO

NetSuite Text Enhance helps finance and accounting, HR, supply chain and operations, sales and marketing, and customer support teams improve productivity by leveraging AI to produce relevant drafts that they can quickly and easily review, edit, and approve,” the company said in a statement.

IT 822
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7 steps for turning shadow IT into a competitive edge

CIO

Ask IT leaders about their challenges with shadow IT, and most will cite the kinds of security, operational, and integration risks that give shadow IT its bad rep. That’s not to downplay the inherent risks of shadow IT. There are ample reasons why 77% of IT professionals are concerned about shadow IT, according to a report from Entrust.