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CIOs rethink all-in cloud strategies

CIO Business Intelligence

After years of marching to the cloud migration drumbeat, CIOs are increasingly becoming circumspect about the cloud-first mantra, catching on to the need to turn some workloads away from the public cloud to platforms where they will run more productively, more efficiently, and cheaper.

Strategy 144
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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. Net income for the quarter rose 56% year-on-year to $2.4 Revenue from cloud applications for the quarter grew 15% year-on-year to $3.1

Oracle 121
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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. Despite the fact that we are opening new and expanding existing cloud data centers very, very rapidly.”

Oracle 98
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Rackspace’s CTO takes a broad view of sustainability

CIO Business Intelligence

Srini Koushik has been passionate about the environment for 35 years and now, as a board member of the nonprofit SustainableIT.org and CTO of cloud services provider Rackspace Technology, he wants to help enterprises achieve sustainability in the cloud.

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SAP offers faster updates, longer maintenance for S/4HANA in private clouds

CIO Business Intelligence

SAP is doubling the time between major releases of S/4HANA Cloud private edition from one year to two — at the same time promising to release new feature packs every six months or so to keep up the pace of innovation. It is also extending maintenance to seven years, from five today.

SAP 126
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11 ways to reduce your IT costs now

CIO Business Intelligence

The net result is that some organizations’ technology debts are growing faster than anything else and robbing them of their budgets and ability to innovate.” Today’s CIO is not just a technology leader, but a business executive. In addition to cloud consumption, there may be drivers at play.

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Top 10 barriers to strategic IT success

CIO Business Intelligence

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. Ryan Downing, CIO of enterprise business solutions at Principal Financial Group, saw how this challenge impacted his organization.