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Oracle expects data-hungry generative AI to drive revenue growth

CIO Business Intelligence

Oracle is betting on high demand for data, driven by generative AI -related workloads, to boost revenue in upcoming quarters as enterprises look to adopt generative AI for productivity and efficiency. For the first quarter of fiscal year 2024, Oracle posted a total revenue of $12.5 Generative AI is changing everything. billion.

Oracle 103
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Oracle touts AI as major driver of Q3 gains

CIO Business Intelligence

Oracle’s latest financial report boasts substantial increases in revenue, net income, and earnings per share, largely thanks to cloud sales, which the company was quick to credit to the rise of AI. Enterprise Applications, Oracle, Technology Industry They also don’t yet have any direct pricing strategy around how to monetize AI.”

Oracle 89
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CIOs rethink all-in cloud strategies

CIO Business Intelligence

“‘Cloud exit’ became a big theme in 2023 and there’s good odds it’ll turn into a real trend for 2024. The savings are just too big to ignore for a ton of companies,” says David Heinemeier Hansson, the Danish developer of Ruby on Rails and co-owner and CTO of 37signals, which completed a six-month total exit from the cloud last June.

Strategy 143
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Top 10 barriers to strategic IT success

CIO Business Intelligence

In fact, CIOs listed numerous roadblocks to IT strategic success in the 2024 State of the CIO Study from Foundry, publisher of CIO.com. CIOs must redirect resources when technologies as revolutionary as generative AI come to market or risk falling behind or becoming obsolete — in which case, hitting other strategic goals won’t matter much.

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Ecco come i CIO stanno ripensando alle strategie sul cloud

CIO Business Intelligence

“La ‘Cloud exit’ è diventata un tema importante nel 2023 e ci sono buone probabilità che si trasformi in una vera tendenza per il 2024. Ma “è importante che questo affidamento alla tecnologia cloud non richieda una migrazione completa di tutte le attività verso un ambiente basato sul cloud”, ha detto Lefevre.

Cloud 96