article thumbnail

IFS acquires Falkonry to offer AI-based enterprise asset management services

CIO Business Intelligence

Enterprise resource planning (ERP) software vendor IFS has agreed to acquire Falkonry, the developer of an AI-based time-series data analytics tool, to boost its enterprise asset management (EAM) services portfolio. billion by 2026, from $3.3 Asset Management Software, Enterprise Applications, Mergers and Acquisitions

article thumbnail

The new CIO mandate: Selling AI to employees

CIO Business Intelligence

As organizations roll out AI applications and AI-enabled smartphones and devices, IT leaders may need to sell the benefits to employees or risk those investments falling short of business expectations. Our responsibility as CIOs is certainly to fund and empower work to develop and implement AI tools safely in our workplace.”

Survey 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Buying advice for CIOs as low-code/no-code spending rises

CIO Business Intelligence

Faced with a long-running shortage of experienced professional developers, enterprise IT leaders have been exploring fresh ways of unlocking software development talent by training up non-IT staff and deploying tools that enable even business users to build or customize applications to suit their needs.

article thumbnail

A CIO’s guide to the developer platform: What it is and why you need it

CIO Business Intelligence

Modern applications and multi-cloud strategies drive digital transformations that make this success possible, and businesses are under pressure to get better and faster at delivering applications and services to their customers, employees, and stakeholders. VMware’s mission is to simplify this process for businesses.

article thumbnail

Future-Proofing Your Business with Hyperautomation

CIO Business Intelligence

Combined with RPA tools they enable much greater levels of automation of many business processes. trillion by 2026. percent to 2028, taking the value of the market for hyperautomation tools and services to $US26.67b. These tools bring benefits beyond automation. It’s been around since the early 2000s.

article thumbnail

Decoding Salesforce’s plausible $11 billion bid to acquire Informatica

CIO Business Intelligence

The deal could be a significant opportunity for Salesforce, according to Park, as it comes at a time when the average enterprise, especially the large ones, have over 1,000 applications and data sources, which throws up the challenge of cleaning up long-tail data and matching it with core enterprise data.

article thumbnail

IFS to acquire enterprise asset management firm Ultimo

CIO Business Intelligence

To help meet demand from enterprises that are shifting asset management methods from legacy applications to cloud-based technology, ERP provider IFS has signed an agreement to acquire Netherlands-based enterprise asset management (EAM) software firm Ultimo. billion by 2026, from $3.3 Enterprise Applications, ERP Systems