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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.

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IBM Blockchain Platform now live in Melbourne

CTOvision

IBM has made its blockchain platform available out of the IBM data center in Melbourne, allowing customers to run their applications on the company’s cloud and abide by data sovereignty requirements.

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The IBM Press Release on Spark That Every Tech Leader Should Read

CTOvision

IBM just announced a major new push around Apache Spark. You know Spark, the free and open source complement to Apache Hadoop that gives enterprises better ability to field fast, unified applications that combine multiple workloads, including streaming over all your data. Spark today is production ready for many workloads.

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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

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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.

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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.

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