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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. In the same breath, the findings suggested the NextGen leader’s apprehension about the incumbent leaders’ ability to capitalize on it.

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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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Top 8 challenges IT leaders will face in 2024

CIO Business Intelligence

2023 was a year made notable by a range of unexpected, unpredictable, and fast-moving challenges that, despite seemingly having little to do with technology, had profound impacts on IT strategies. To guide an organization through uncertainty, IT leaders must help ensure everyone in the company is on the same page, Srivastava says.

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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. Not without warning signs, however.

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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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Is there a “right” cloud strategy for banking?

IBM Big Data Hub

The following five takeaways are insights that we have gleaned from our extensive customer engagements, global regulatory outreach program and the industry contributions of the IBM Financial Services Cloud Council: Allow your digital transformation ambitions (not your fears) to drive your cloud strategy.

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AES enlists AI to boost its sustainable energy business

CIO Business Intelligence

Those investments come just as the company claims, in its 2023 annual report, that demand from corporate data centers in the US is expected to roughly double within the next three years as generative AI deployments expand. But with the addition of more renewable energy to its portfolio, weather uncertainty becomes a greater challenge for AES.

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