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CIOs weigh where to place AI bets — and how to de-risk them

CIO Business Intelligence

There are a lot of risks and a lot of land mines to navigate,” says the analyst. billion in 2024 to $521.0 Coming to grips with risk The first step in making any bet — or investment — is to understand your ability to withstand risk. It’s a significant danger with significant costs. The opportunity is too big.

Risk 121
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Sustainability trends: 5 issues to watch in 2024

IBM Big Data Hub

In 2024, sustainability is taking center stage. These efforts often go hand in hand with broader corporate sustainability initiatives and can lead to significant cost savings and improved environmental performance. trillion in economic benefits by 2030. trillion to the global economy by 2050.

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Vertical solutions rise in 2024

CIO Business Intelligence

Although there are signs of general economic recovery including lower inflation & interest rates and higher growth as we navigate early 2024, there’s little evidence to suggest that buyers will suddenly return to their old ways. Vertical SaaS also appeared at the top of CompTIA’s list of 10 SaaS Predictions for 2024.

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SAP 2024 outlook: 5 predictions for customers

CIO Business Intelligence

SAP customers have a lot to navigate in 2024. In addition, SAP customers should understand the benefits, protections, and limitations that SAP will provide in exchange for access to data. But referenceable flagship implementations across industries are limited, particularly at the enterprise customer level.

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Don’t Get Left Behind in the AI Race: Your Easy Starting Point is Here

Cloudera

The release of LLMs surged by 136% in 2023 compared to 2022, and this upward trend is projected to continue in 2024. How much is all this really going to cost? This release will remove the complexity from getting started with AI, delivered as a cost-effective bundle to deliver immediate business value.”

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8 steps to build a successful multicloud strategy

IBM Big Data Hub

Increasingly, enterprise organizations are adopting a multicloud approach—the use of cloud services from more than one cloud vendor—to optimize performance, control costs and prevent vendor lock-in. billion in 2024, up from $563.6 Webex or Slack) hosted over the public internet. to total $678.8 billion in 2023.

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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. this year, before picking up again in 2024 and averaging 9.6% Software sales grew 9.8% through 2027.

Sales 52