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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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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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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 now, the only representative of the AI team on the committee is Wieczorek, the VP of AI technology.

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Managed services projections increase through 2023

CIO

In this report, the news about technology investments was surprisingly upbeat. Despite national news about increased costs, economic uncertainty, and more reports of technology firm layoffs, respondents indicated that they were planning to spend more IT budget in 2023, not less. out of 5.0 in thousands of surveys. out of 5.0

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The 4 most overhyped technologies in IT

CIO

They may publicly preach “No technology for technology’s sake,” but they still frequently share their fascination with the latest tech gadgets. It’s then that the hopes for the technology get way ahead of what it can actually deliver today. They’re not the only ones enthralled by tech. Here’s what they say on the topic.