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8 pressing needs for CIOs in 2024

CIO Business Intelligence

The most pressing responsibilities for CIOs in 2024 will include security, cost containment, and cultivating a data-first mindset.” Here, we detail those and others that comprise eight of the top priorities for CIOs in 2024. Among the various strategies at our disposal, automation stands out as a pivotal solution,” she says. “In

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Landing Your First CIO Role? Learn how Next CIO Winners Gathered to Support Their C-suite Tech Leadership Journey.

CIO Business Intelligence

In today’s organizational landscape, where technology wields increasing influence, the role of the CIO has been elevated, particularly catalyzed by the exigencies of the pandemic. The State of the CIO 2024 survey published by CIO, states that 85% of CIOs are becoming a changemaker, increasingly leading business and technology initiatives.

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Oracle touts AI as major driver of Q3 gains

CIO Business Intelligence

The report for Q3 of fiscal 2024, released yesterday, said that Oracle had signed multiple large-scale cloud infrastructure contracts in the previous three months, with no end in sight, as CEO Safra Catz touted the company’s bright prospects in cloud. “We Enterprise Applications, Oracle, Technology Industry

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Oracle expects data-hungry generative AI to drive revenue growth

CIO Business Intelligence

As of today, AI development companies have signed contracts to purchase more than $4 billion of AI training capacity in Oracle’s Generation 2 cloud. For the first quarter of fiscal year 2024, Oracle posted a total revenue of $12.5 Revenue from cloud applications for the quarter grew 15% year-on-year to $3.1 billion.

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IBM doubles down on hybrid cloud with $6.4B HashiCorp acquisition

CIO Business Intelligence

Since IBM’s software business has been on the rise in recent times and its consulting business is not doing that great, this (HashiCorp’s acquisition) makes a right fit there,” said Techarc’s chief analyst and founder, Faisal Kawoosa. The deal is expected to close by the end of 2024, the statement added.

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Expedia Group lays off 36 workers as part of broader cuts

GeekWire

. “The proposed impacts announced today are part of the roles that we previously announced we were evaluating in 2024. Consultation with local employee representatives, where applicable, will occur before making any final decisions.” Expedia’s new CEO, Ariane Gorin , started in her new role earlier this month.

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Top 8 challenges IT leaders will face in 2024

CIO Business Intelligence

To get back in front, IT leaders will have to transform lessons learned from 2023 into actionable, adaptable processes, as veteran technology pros have been remarkably consistent in identifying global and economic uncertainties as key challenges for IT leaders to anticipate in 2024 as well.

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