article thumbnail

IT budget shock: Global IT services firms continue to struggle

CIO

These developments, along with broader market reports, have cast a shadow over the growth prospects of the IT services sector. This includes a significant reevaluation of large ticket items, influenced by developments in 2023 around generative AI, according to Sanchit Vir Gogia, chief analyst and CEO at Greyhound Research.

Budget 245
article thumbnail

Microsoft invests €3.2 billion in AI and the cloud in Germany

CIO

billion in Germany by the end of 2025 to double the artificial intelligence and cloud capacities of its data centers there. Smith also sees Germany in second place in Europe for the development of AI-based applications, an assessment he bases on code contributions on GitHub, Microsoft’s source code repository. Microsoft will invest €3.2

Cloud 328
Insiders

Sign Up for our Newsletter

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

article thumbnail

Perspectives on how cloud computing & app development trends will take shape in 2023

CIO

Tanzu Vanguards, which includes leaders, engineers, and developers from DATEV, Dell, GAIG, and TeraSky, provided their perspectives on analyst predictions and industry data that point to larger trends impacting cloud computing, application development, and technology decisions.

Trends 362
article thumbnail

Galileo emerges from stealth to streamline AI model development

TechCrunch

After all, AI is costly — Gartner predicted in 2021 that a third of tech providers would invest $1 million or more in AI by 2023 — and debugging an algorithm gone wrong threatens to inflate the development budget. ” Chatterji has a background in data science, having worked at Google for three years at Google AI.

article thumbnail

What the Digital Operational Resilience Act means for you

CIO

This piece of legislation in the European Union (EU) requires companies to be compliant by January 2025, meaning businesses have just under one year to ensure they’re prepared. The ultimate goal here being to develop an approach that fosters a standardized structure of technological development.

article thumbnail

Prioritizing AI? Don’t shortchange IT fundamentals

CIO

It’s easy to view these as competing priorities vying for CIO attention and budget that are unfairly dwarfed by boardroom interest in the new and shiny opportunities promised by gen AI. But in other areas, IT teams will look to increase budgets and spending. But by 2027, the analyst firm expects that to rise to at least 40%.

article thumbnail

Top 10 business needs driving IT spending today

CIO

Ceridian SVP and CIO Carrie Rasmussen got a 7% bump in her IT budget for 2022, with her company’s growth, its ongoing digitalization drive, and security mindfulness driving the boost. This comes after years of transformational initiatives being cited as the top reason driving budget increases. Top 10 business needs driving IT spend.

Budget 338