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Dell cuts jobs amid growing economic uncertainties

CIO Business Intelligence

Medium to long-term strategy Analysts point out that while several tech companies are reducing their workforce, Dell is one of the few who has recorded weak financial performance. 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.”

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Regulatory uncertainty overshadows gen AI despite pace of adoption

CIO Business Intelligence

It’s no surprise, then, that according to a June KPMG survey, uncertainty about the regulatory environment was the top barrier to implementing gen AI. So here are some of the strategies organizations are using to deploy gen AI in the face of regulatory uncertainty. Would you put your client’s sales forecast into Facebook?

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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. In challenging times, tough measures are often required.

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Managing Seasonal Fluctuations in Retail with Analytics

Smart Data Collective

One of the biggest benefits of data analytics is that it helps companies improve stability during times of uncertainty. In this article, we will explore the significance of managing seasonal fluctuations and the strategies businesses can implement. McKinsey Global Institute reports that 52% of retail activities can be automated.

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Atos CEO Yves Bernaert quits over governance differences

CIO Business Intelligence

Bernaert cited differences of opinion over governance as the reason for his departure: He disagreed with the board about the need for recent changes in the company’s strategy, and the way they were executed. However, it expects to miss its free cash flow forecast of negative €1 billion, falling a further €100 million short.

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How Private Equity Firms Can Manage Uncertainty With Scenario Modeling

Jedox

In the face of unprecedented uncertainty, the question is how to quickly evaluate risk, opportunities and competitively allocate capital. Once the low point has passed, transformation strategies – which were already on the agenda – may be accelerated. In the face of uncertainty, investor relations are paramount.

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Certinia uses AI to accelerate finance functions for service companies

CIO Business Intelligence

Certinia, a developer of software for service businesses, is using AI and automation to extend the capabilities of its tools for report-building or planning and analysis beyond the financial sphere and into operations, too. It bought into Certinia in July in a deal that reportedly valued the company at almost $1 billion.

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