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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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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 replaces Feiyu Xu as SAP’s global head of AI. For the past 18 years, Sun worked at Microsoft, most recently as VP of AI for its business and applications platform group.

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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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Salesforce to cut 10% of its global workforce in restructuring plan

CIO

Salesforce had nearly 80,000 global employees as of February 2022, up from more than 49,000 employees as of January 2020. Salesforce had nearly 80,000 global employees as of February 2022, up from more than 49,000 employees as of January 2020. billion and $2.1 Salesforce said these costs consist of up to $1.4

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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.

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Private cloud makes its comeback, thanks to AI

CIO

IDC forecasts that global spending on private, dedicated cloud services — which includes hosted private cloud and dedicated cloud infrastructure as a service — will hit $20.4 Global spending on enterprise private cloud infrastructure, including hardware, software, and support services, will be $51.8 The Milford, Conn.-based

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