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Tech Moves: Seattle tech vet joins insurance tech startup; Cyemptive Technologies adds exec

GeekWire

Former Microsoft and Amazon Alexa engineering leader Sonny Patel was named CTO and CPO of insurance tech startup Socotra. Socotra Photo) — Sonny Patel was hired by San Francisco-based insurance tech startup Socotra as CTO and CPO. Founded in 2015, Socotra sells cloud-based tools for insurance tech companies.

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CIOs sharpen cloud cost strategies — just as gen AI spikes loom

CIO Business Intelligence

Cloud costs remain a key concern for IT leaders, who find themselves nearing a crossroads where expenditures for core workloads will need containment to free up spend for innovation. 1 barrier to moving forward in the cloud. Cloud costs continue to be a top concern for CIOs,” says Dave McCarthy, analyst at IDC.

Strategy 134
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Rackspace’s CTO takes a broad view of sustainability

CIO Business Intelligence

Srini Koushik has been passionate about the environment for 35 years and now, as a board member of the nonprofit SustainableIT.org and CTO of cloud services provider Rackspace Technology, he wants to help enterprises achieve sustainability in the cloud.

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Tech Moves: Former Rover CTO joins moving startup Dolly; Egencia’s CFO to depart; and more

GeekWire

Former Rover CTO Scott Porad joined peer-to-peer moving service Dolly as chief technology officer. Prior to joining Rover in 2013, Porad was CTO for Cheezburger and held multiple director roles at Bellevue, Wash.-based Dolly currently has 40 full-time employees and plans to double its headcount and sales in the upcoming year. .

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Oracle to boost cloud investments after a strong quarter

CIO Business Intelligence

The demand for cloud infrastructure combined with the rise in sales of SaaS services boosted Oracle’s fourth quarter revenue for fiscal year 2022, but the acquisition of healthcare tech company Cerner has chalked up a debt of $15.8 Total cloud revenue ( IaaS plus SaaS) for the company stood at $2.9

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5 hot IT budget investments — and 2 going cold

CIO Business Intelligence

At the same time, they are defunding technologies that no longer contribute to business strategy or growth. Upgrading cloud infrastructure is critical for deploying broad AI initiatives more quickly, so that’s a key area where investments are being made this year.

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11 ways to reduce your IT costs now

CIO Business Intelligence

Check in on those cloud costs “Highly scalable technology combined with increasing use and increasing costs leads to runaway spending,” says Mark Troller, CIO at telecom expense management company Tangoe, which estimates that its clients overspend on cloud by as much as 40%.