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Global managed services to grow in 2024 as enterprise IT spending rises

CIO Business Intelligence

The global market for managed services will rise in 2024 due to organizations’ IT spending surge and larger investments in managed services deals involving AI and cloud computing, according to market intelligence firm IDC. The region (Western Europe) maintained strong growth despite various economic and geopolitical uncertainties.

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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. In 2024 alone, 168 tech companies have collectively laid off 42,324 employees. These actions resulted in a reduction in overall headcount.

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Top 8 challenges IT leaders will face in 2024

CIO Business Intelligence

To get back in front, IT leaders will have to transform lessons learned from 2023 into actionable, adaptable processes, as veteran technology pros have been remarkably consistent in identifying global and economic uncertainties as key challenges for IT leaders to anticipate in 2024 as well.

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Generative AI sparks family business renaissance: PwC report

CIO Business Intelligence

The next generation of leaders in family businesses is poised to embrace the transformative power of generative AI (GenAI) despite marked resistance from the incumbent leaders, according to a PwC report. The survey findings too echoed Hinojosa’s sentiment.

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15 ways to grow as an IT leader in 2024

CIO Business Intelligence

As workers at all levels put together their development plans for 2024, IT leaders, recruiters, researchers, and advisors share here what actions CIOs can take to advance their careers if they want to embrace a growth mindset. Make 2024 the year to change that. He says to do otherwise would risk being left behind. “AI

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IRM 2021: The Year of Uncertainty and Change

John Wheeler

This week the Wall Street Journal reported that due to emerging virus mutations , Harvard economist James Stock sees a “scenario of this thing sticking around for a much longer time frame.’’ No doubt, 2021 will be the year of uncertainty and change. These uncertainties can make or break a business.

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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.

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