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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 Today’s announcement is a continuation of IBM’s deep focus and investment in hybrid cloud and AI, the two most transformational technologies for clients today.”

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. In the current quarter we expect our Cerner Health business to be awarded two large new contracts with a total value of over $1 billion,” Ellison added.

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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2023 CIO Hall of Fame inductees on building a successful IT leadership career

CIO Business Intelligence

For example, he took on the CTO role at Rodan + Fields because he “liked the appeal of being part of the product.” Srini Koushik, EVP and CTO, Rackspace Technology Rackspace Technology Koushik credits all his past positions for preparing him for where he is now and the AI role specifically. Second, be intentional.

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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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The 4 most overhyped technologies in IT

CIO Business Intelligence

“The anticipation and fear of the impact of generative AI in particular, and its relationship to artificial general intelligence (AGI), makes it overhyped,” says Daryl Cromer, vice president and CTO for the PCs and smart devices division at Lenovo. The number of use cases and utility values are limited, impacting the potential.