Remove 2023 Remove Forecasting Remove IT Remove Uncertainty
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Dell cuts jobs amid growing economic uncertainties

CIO Business Intelligence

As of February 2, 2024, the employee count stood at approximately 120,000, declining from the 133,000 recorded in February 2023. Trendforce forecasts that starting in 2024, the demand for AI development and software services will significantly increase, alongside the growth of edge computing AI servers using mid-range GPUs and FPGAs.

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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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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. Cognizant Technology Solutions announced a full-year revenue forecast below expectations. Consequently, the qualities and skills sought in employees are evolving.

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What your CFO really needs in periods of economic uncertainty

CIO Business Intelligence

The pressure is on to navigate economic uncertainty. Gartner’s downward revision of projected worldwide IT spending in 2023 from 5.1% growth underscores how inflation, interest rate fluctuations, and consumer spending are reshaping forecasts, investment portfolios, and the CIO agenda.

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Accenture to lay off 19,000 to cut costs amid economic uncertainty

CIO Business Intelligence

While we continue to hire, especially to support our strategic growth priorities, during the second quarter of fiscal 2023, we initiated actions to streamline our operations and transform our non-billable corporate functions to reduce costs,” the company said in an Securities & Exchange Commission (SEC) filing on Thursday. billion to $16.7

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IT spend in META region expected to grow in 2023 despite challenges

CIO Business Intelligence

The year ahead is likely to be characterised by recessionary pressures in key global economies, increasing borrowing costs, unpredictable supply chains, oil price uncertainty, and volatile demand. of all ICT investments made that year. Frantzen said many are expecting a recession in the coming year. in 2026, up from just 29.4%

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The top 7 FP&A trends for 2023

Jedox

In times of uncertainty and change, technology can drive our ability to adapt quickly. Geopolitical tensions could cause rapid change across the economy, requiring organizations to change strategies quickly, re-forecast often, and use multiple scenario planning with all information available. Technology is a talent magnet.