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IT budget shock: Global IT services firms continue to struggle

CIO Business Intelligence

The global IT services industry is at a significant crossroads, with the explosive growth of generative AI and deepening economic uncertainties reshaping its future. These developments, along with broader market reports, have cast a shadow over the growth prospects of the IT services sector.

IT 98
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IBM to acquire Octo to boost its US government business

CIO Business Intelligence

IBM has announced it is acquiring US-based digital transformation services provider Octo for an undisclosed amount from private equity firm Arlington Capital Partners. In the consulting line of business, which includes business transformation, technology consulting and application operations, IBM reported a total revenue of $4.7

IT 98
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Finance Teams Are Alarmingly Less Efficient Than a Year Ago, According to New Research from insightsoftware

Jet Global

June 21, 2023 – In an economy that challenges them to do more with less, finance teams believe they are actually taking longer to get things done, according to new research from insightsoftware , a global provider of reporting, analytics, and performance management solutions.

Finance 52
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Why CIOs should invest in digital through economic headwinds

CIO Business Intelligence

But released the next day, the 2023 Gartner CIO and Technology Executive Survey revealed that EMEA-based CIOs expect IT budgets to increase 4.4% Artificial Intelligence, Digital Transformation, Innovation, Machine Learning on average over the next year, somewhat lower than the projected 6.5% global inflation rate.

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10 things keeping IT leaders up at night

CIO Business Intelligence

The September Monthly Threat Intelligence Report from cybersecurity firm NCC Group delivers plenty of reasons to worry. For example, it highlighted a 153% rise in global ransomware attacks from September 2022 to September 2023. Surveys show a mixed executive outlook, indicating a level of uncertainty about what to expect.

IT 138
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The 4 most overhyped technologies in IT

CIO Business Intelligence

No one denies its transformative potential, but digital leaders say a majority of people seem to think generative AI, which Gartner recently placed at the peak of inflated expectations in its 2023 hype cycle , has more capabilities than it does — at least at this time. Consider some recent survey findings.

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Novanta’s Sarah Betadam on transforming the IT model status quo

CIO Business Intelligence

By 2027, 70% of healthcare organizations will rely on digital-first strategies to empower patients to take a more active role in health responsibilities and experiences, notes IDC in its FutureScape Worldwide Healthcare Industry 2023 Predictions report. Digital Transformation, IT Leadership Bedford, Mass.-based