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AES enlists AI to boost its sustainable energy business

CIO Business Intelligence

based company, which claims to be the top-ranked supplier of renewable energy sales to corporations, turned to machine learning to help forecast renewable asset output, while establishing an automation framework for streamlining the company’s operations in servicing the renewable energy market. To achieve that, the Arlington, Va.-based

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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

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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. This allows users to make better decisions in various domains, from supply chain and logistics, to sustainability reporting and more. SAP has a legacy of on-premise systems.

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IT budget shock: Global IT services firms continue to struggle

CIO Business Intelligence

Recent financial reports from major global IT services firms have highlighted a concerning slowdown in the industry that could persist, signaling potential changes to hiring and spending plans. Cognizant Technology Solutions announced a full-year revenue forecast below expectations.

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Accenture buys Navisite in its 4th acquisition of 2024

CIO Business Intelligence

The global end-user spending on public cloud services is forecast to grow 20.4% billion in 2023, according to a report from Gartner. Other notable Accenture acquisitions in 2023 included those of Jixie, Redkite, Optimind, The Shelby Group, and two Italian technology consultancy firms, namely Customer Management IT and SirfinPA.

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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).

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5 hot IT budget investments — and 2 going cold

CIO Business Intelligence

The economy may be looking uncertain, but technology continues to drive the business and CIOs are investing big in 2023. The numbers are higher from Foundry’s 2023 State of CIO survey , which finds that 91% of CIOs expect their tech budgets to either increase or stay the same in 2023.

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