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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.

Reporting 101
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Dell cuts jobs amid growing economic uncertainties

CIO Business Intelligence

The second point is that while we’re seeing significant layoffs across Silicon Valley and IT companies worldwide, most still report good results, unlike Dell.” During the pandemic time, many companies inflated their cost structures in anticipation of growth and demand that didn’t materialize.

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Regulatory uncertainty overshadows gen AI despite pace of adoption

CIO Business Intelligence

While AI has steadily worked its way into the enterprise and business vernacular over many years, gen AI has not only become an abrupt and immediate force unto itself, but also an overarching AI accelerant. So here are some of the strategies organizations are using to deploy gen AI in the face of regulatory uncertainty.

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CIO insights: What’s next for AI in the enterprise?

CIO Business Intelligence

CIOs are under increasing pressure to deliver AI across their enterprises – a new reality that, despite the hype, requires pragmatic approaches to testing, deploying, and managing the technologies responsibly to help their organizations work faster and smarter. The top brass is paying close attention.

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AWS growth slows further by persistent macroeconomic uncertainty

CIO Business Intelligence

Revenue growth at Amazon’s cloud computing division, Amazon Web Services, continued to slow in the fourth quarter as enterprises advanced their cost-cutting measures, brought on by uncertain macroeconomic environment. Note that Microsoft does not separately report Azure revenue. In Q4, Google Cloud reported revenue of $7.3

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Lack of IT alignment hampers migration to SAP S/4HANA, report says

CIO Business Intelligence

Only a minority of companies who are either current SAP customers, or plan to become SAP ERP users, have completed their migration to the company’s S/4HANA system, even though support for its ECC on-premises suite will end in 2030, according to a report from digital transformation services provider LeanIX.

Reporting 105
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Global managed services to grow in 2024 as enterprise IT spending rises

CIO Business Intelligence

Although the total number of deals declined in 2023 compared to the previous year, the average deal size remained constant, the report said. The region (Western Europe) maintained strong growth despite various economic and geopolitical uncertainties. from 2023 to 2030,” Grand View Research said in one of its reports.