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Atos staves off bankruptcy, casts wider net for refinancing

CIO Business Intelligence

But the company is out of ideas for finding new money after the collapse of plans to sell its legacy infrastructure management business to an investment fund and its big data business to Airbus. But negotiations to sell that business to investment fund EP Equity Investment collapsed in February 2024.

.Net 105
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Innovative data integration in 2024: Pioneering the future of data integration

CIO Business Intelligence

In the age of big data, where information is generated at an unprecedented rate, the ability to integrate and manage diverse data sources has become a critical business imperative. Traditional data integration methods are often cumbersome, time-consuming, and unable to keep up with the rapidly evolving data landscape.

Data 59
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Atos contemplates fire sale as break-up plan falters

CIO Business Intelligence

Negotiations over the sale of its legacy infrastructure services business are dragging on, and the company is contemplating the sale of more profitable activities such as its big data and security business to meet debt repayment obligations. billion loan, which it will have to repay by January 2025 at the latest.

IBM 116
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Transforming FSI in ASEAN with Cloud Analytics

CIO Business Intelligence

Its success is one of many instances illustrating how the financial services industry is quickly recognizing the benefits of data analytics and what it can offer, especially in terms of risk management automation, customized experiences, and personalization. . compounded annual growth from 2019 to 2024. .

Cloud 98
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The Future Is Hybrid Data, Embrace It

CIO Business Intelligence

Impressive, but dwarfed by the amount of unstructured data, cloud data, and machine data – another 50 ZB. In fact, the total amount of data is expected to nearly triple by 2025. The cause is hybrid data – the massive amounts of data created everywhere businesses operate – in clouds, on-prem, and at the edge.

Data 96
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IT services company Atos plans IBM-style split

CIO Business Intelligence

This business line accounted for just over half of all revenue at Atos in 2021. Unlike IBM, which spun out a business about one-quarter of its overall size, Atos plans to split itself into almost equal halves. billion in 2024 and 2025 before returning to growth in 2026. billion ($5.3 billion) in 2022 to a low of €4.1

IBM 98
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Navigating tomorrow: Role of AI and ML in information technology

Dataconomy

This popularity is primarily due to the spread of big data and advancements in algorithms. According to a study , AI will facilitate 95% of all customer interactions by 2025, including online conversations and live telephones. Let’s understand the crucial role of AI/ML in the tech industry. times since 2017.