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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 research firm predicted that managed services deal size in 2024 will be larger than that of 2023.

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Innovating Services for a Digital, Intelligent Future

CIO

At the same time, Artificial Intelligence (AI) is quickly becoming recognised as a keystone for future growth. Foundry’s 2024 CIO Tech Priorities study found 70% of organizations are actively researching or piloting AI-enabled technologies, while 21% have it already in use or are even upgrading and refining their models.

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

CIO

“By expanding the availability of our software portfolio in AWS Marketplace, organizations around the world will have greater access to a streamlined way to procure many IBM AI and hybrid cloud offerings to help propel their business forward,” Nick Otto, Head of Global Strategic Partnerships at IBM, said in the statement.

Alliance 758
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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. Sun has a PhD from MIT and continued to publish academic research papers during his time at Microsoft, in addition to teaching at Seattle and Washington universities.

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SAP names Philipp Herzig as chief artificial intelligence officer

CIO

Philipp Herzig, formerly head of cross-product engineering and experience, now leads a new “end-to-end growth area” focused on AI as the company’s chief artificial intelligence officer (CAIO). The aim is to integrate artificial intelligence into every part of the portfolio. Artificial Intelligence, SAP, Technology Industry

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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. Amid considerable hype and discussion, AI continues to receive significant investment from many companies. The economic slowdown is now apparent,” Gogia added.

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How AI is reshaping Saudi Aramco’s oil exploration and underwater operations strategy

CIO

Saudi Aramco is spearheading the innovations by embracing cutting-edge technologies like artificial intelligence, both within its core operations and beyond, which places the company ahead of the curve. USD billion in 2023, representing a 15% annual increase despite global challenges.

Startups 697