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Oracle continues to lay off staff in the US

CIO Business Intelligence

Janco has reduced its forecast for 2022 North American IT job market growth to 179,000 from its earlier forecast of 203,900. The state’s unemployment rate increased in the month of August 2022 to 4.1 The state’s unemployment rate increased in the month of August 2022 to 4.1 Technology Industry

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IT services company Atos plans IBM-style split

CIO Business Intelligence

1, 2022, to lead the company through the latest in a series of transformations, has nominated two deputy CEOs to lead the two new businesses, and has resigned, effective by the end of September. It will be led by Philippe Oliva, who joined in April 2022 from Eutelsat (also Belmer’s former employer). It’s a Hail Mary move for Atos.

IT 82
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SAP raises on-prem support costs again to drive cloud adoption

CIO Business Intelligence

Our new innovations will not be available for on-premise or hosted on-premise ERP customers on hyperscalers.” in October 2022. In Belgium, the Federal Planning Bureau reported average consumer price inflation was 9.59% in 2022, yet it forecasts it will fall to 3.9% for June 2023 , down from 9.4% a year earlier.

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CIOs sharpen cloud cost strategies — just as gen AI spikes loom

CIO Business Intelligence

Enterprises that try to migrate to the cloud on their own often run into cost and time overruns because of their inexperience, says Junaid Saiyed, CTO of data analytics firm Alation, adding that organizations that adopt self-hosted cloud solutions often do not know how to optimize the cloud’s computing, automation, and financial strategies.

Strategy 127
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Powering the future: How Gen AI and AI illuminate utility companies

CIO Business Intelligence

AI also forecasts demand so that energy companies can plan their modernization and expansion efforts. The Alliance is driving a standards-based, open, interoperable and secure software-defined infrastructure to host protection, automation and control solutions for power system substations. Today, over 70% of the U.S.

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IDC: Pace of enterprise applications sales will increase next year

CIO Business Intelligence

IDC forecasts the growth rate of enterprise applications software sales will pick up in 2024, and remain steady through 2027, despite a dip this year as a result of CIOs continuing to pull back on spending due to economic headwinds. It’s a diverse market with a long tail, according to another IDC study, from 2022, which found just 30.8%

Sales 52
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Finance Teams Are Alarmingly Less Efficient Than a Year Ago, According to New Research from insightsoftware

Jet Global

In 2022, despite continued economic headwinds, finance teams were optimistic about the future and preparing for growth. As tighter budgets are slowing down hiring from an already limited talent pool, fewer finance professionals are prioritizing automation: only 25% of respondents, down 15% from 2022.

Finance 52