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

CIO Business Intelligence

In a move that significantly bolsters its position in the cloud services market, IBM has announced it is acquiring HashiCorp , a multicloud infrastructure automation company, for $6.4 The deal is expected to close by the end of 2024, the statement added.

IBM 131
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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. Revenue from cloud applications for the quarter grew 15% year-on-year to $3.1 “Generative AI is changing everything. Revenue from IaaS was up 66% to $1.5 billion. billion. “And

Oracle 121
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New CIO appointments in India, 2022

CIO Business Intelligence

He has assisted the top management in planning IT strategies and leveraging technologies for rationalizing manpower, enhancing organizational productivity, and improving the efficiency of operations. Amit Goel joins Blox as CTO. Real estate buying platform Blox has appointed Amit Goel as its chief technology officer, based in Mumbai.

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10 tips for modernizing legacy apps for the cloud

CIO Business Intelligence

Modernize with purpose Before you begin, it’s essential to tie any app modernization project to the business need that is being addressed, says Aparna Sharma, a managing partner for hybrid cloud services at IBM Consulting. Successful application modernization should increase business and IT agility and scalability, Perry says.

Cloud 98
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7 enterprise data strategy trends

CIO Business Intelligence

Real-time data gets real — as does the complexity of dealing with it CIOs should prioritize their investment strategy to cope with the growing volume of complex, real-time data that’s pouring into the enterprise, advises Lan Guan, global data and AI lead at business consulting firm Accenture.

Strategy 145
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What is enterprise architecture? A framework for transformation

CIO Business Intelligence

Modern EA strategies now extend this philosophy to the entire business, not just IT, to ensure the business is aligned with digital transformation strategies and technological growth. Enterprise architects often go on to work as a CTO, software engineering or development director, or CIO. Artificial intelligence (AI).

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6 most underhyped technologies in IT — plus one that’s not dead yet

CIO Business Intelligence

Generative AI and, more specifically, ChatGPT captivated the corporate world in 2023, with board directors, CEOs, and other executives fawning (and sometimes fearing) the technology. IBM, for one, found that the average ROI on enterprise-wide AI initiatives at 5.9% with best-in-class companies “reaping an enviable 13% ROI.”

Cloud 137