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Generative AI gold rush drives IT spending — with payoff in question

CIO

A scramble to invest in artificial intelligence and a natural replacement cycle for computing devices purchased during the COVID pandemic will lead to an 8% increase in global IT spending this year, Gartner predicted. There were very robust stories about how great generative AI was going to be.” What does AI give me?

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Should finance organizations bank on Generative AI?

CIO

As I work with financial services and banking organizations around the world, one thing is clear: AI and generative AI are hot topics of conversation. Financial organizations want to capture generative AI’s tremendous potential while mitigating its risks. In short, yes. But it’s an evolution. billion by 2032.

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Avoid generative AI malaise to innovate and build business value

CIO

Despite the promise generative AI holds for boosting corporate productivity, closing the gap between its potential and business value remains one of CIOs’ chief challenges. Sixty-six percent of C-level executives are ambivalent or dissatisfied with the progress of their AI or GenAI efforts, according to Boston Consulting Group 1.

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SharePoint Premium highlights the hard road CIOs face with generative AI

CIO

It’s something completely different, and potentially interesting, except for a few fatal flaws that shed light on the hard road CIOs are in for as we enter the era of enterprise software enhanced everywhere by generative AI. The challenge won’t come from AI being able to do what humans do only better.

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Three predictions for AI and automation business adoption

CIO

AI’s honeymoon with the enterprise is coming to an end. That’s one of the main themes from IDC’s recent predictions report, “IDC FutureScape: Worldwide Artificial Intelligence and Automation 2024 Top 10 Predictions”. Hardware spending will drive up the cost of AI adoption,” said Fleming. “So

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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. Brad Smith, Vice Chair and President of Microsoft, said the aim is to enable the German economy to benefit from AI in order to continue to expand its leading global position in terms of competitiveness.

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Kyndryl bets on partnerships, consulting arm to redeem itself

CIO

Kyndryl Consult has also expanded its existing partnerships with hyperscalers, such as Google Cloud, to ready itself to deliver on generative AI, Slaga said. Our most recent global partnerships were announced late last year with Palo Alto Networks and Dynatrace,” said Mark Slaga, global practice leader at Kyndryl Consult.