article thumbnail

SAP forecasts clarity in the cloud

CIO Business Intelligence

Besides that, we’ve had some other developments, such as the breakthrough of generative AI in 2023, which significantly sped up the pace of innovation. I don’t know of any customer who doesn’t use the cloud somewhere in their IT landscape. SAP has a legacy of on-premise systems. That’s why we also say we won’t switch over tomorrow.

article thumbnail

Generative AI gold rush drives IT spending — with payoff in question

CIO Business Intelligence

No company got out of 2023 without having a story about how much better their company was going to be, how much better their products were going to be, how much better their customers’ lives were going to be because of generative AI,” he said. growth in 2023. growth in 2023. drop in 2023. trillion and $1.49

IT 132
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Yogurt maker stirs in SAP to boost its demand planning capability

CIO Business Intelligence

More than 120 ‘flavors’ to handle When your company is dealing with today’s volatile market, a variety of products, and a supply chain covering 120+ countries – each with its own rules and processes – demand planning, including forecasting, can get a bit gut-wrenching. Such was the case with Danone.

article thumbnail

Private cloud makes its comeback, thanks to AI

CIO Business Intelligence

According to Forrester’s Infrastructure Cloud Survey in 2023, 79% of roughly 1,300 enterprise cloud decision-makers surveyed said their firms are implementing internal private clouds, which will use virtualization and private cloud management. The Milford, Conn.-based We’re keeping that tight control and keeping it in the private cloud.”

IT 131
article thumbnail

Atos deal to sell its legacy service business falls through

CIO Business Intelligence

Saleh announced preliminary financial results for 2023 during the conference call. Group revenue for 2023 totaled €10.7 year on year and in line with the company’s previous forecasts. Neither party will pay a cancellation fee, and their only obligations will be to keep details of their negotiations secret. billion (about $11.6

IT 120
article thumbnail

Five Trends in 2023 Strategic Portfolio Planning

CIO Business Intelligence

Heading into 2020, there were plenty of predictions about the year ahead (not to mention detailed business plans, economic forecasts, scheduled events, and so on)—and all were rendered worthless by the pandemic. However, with all that said, I do think it’s clear that some current trends are under way that will continue in 2023.

article thumbnail

IT services spending signals major role change for CIOs ahead

CIO Business Intelligence

Analyst firm Gartner has released its 2024 worldwide IT spending forecast, and the topline is eyepopping: Overall IT expenditures are projected to grow 6.8% But the storyline CIOs should note from this year’s spending forecast is not about overall volume or uptick, or even whether generative AI is behind this year’s perky numbers (it isn’t).

IT 120