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Oracle touts AI as major driver of Q3 gains

CIO Business Intelligence

Oracle’s latest financial report boasts substantial increases in revenue, net income, and earnings per share, largely thanks to cloud sales, which the company was quick to credit to the rise of AI. In Q4, Oracle will start delivering its completely new Ambulatory Clinic Cloud Application Suite to these same customers,” he noted.

Oracle 98
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CIOs rethink all-in cloud strategies

CIO Business Intelligence

The savings are just too big to ignore for a ton of companies,” says David Heinemeier Hansson, the Danish developer of Ruby on Rails and co-owner and CTO of 37signals, which completed a six-month total exit from the cloud last June. “‘Cloud exit’ became a big theme in 2023 and there’s good odds it’ll turn into a real trend for 2024.

Strategy 144
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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. By choosing them, enterprises are almost adopting net zero by proxy,” Koushik says.

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11 ways to reduce your IT costs now

CIO Business Intelligence

“Some organizations have been innovating, transforming, and growing so fast that they haven’t had time to clear up older cost structures that start getting in the way,” says Stewart Buchanan, research vice president on Gartner’s CIO team. Consumption-based contracts are self-optimizing,” says Gartner’s Buchanan.

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SAP offers faster updates, longer maintenance for S/4HANA in private clouds

CIO Business Intelligence

The good news for SAP is that many of the customers adopting its cloud-based S/4HANA offering are net-new, meaning more market share. The changes will take effect with the 2023 release of software, which is now generally available.

SAP 126
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CIOs eager to scale AI despite difficulty demonstrating ROI, survey finds

CIO Business Intelligence

Security and AI Among the IT leaders taking a cautious approach to AI is Saurabh Gugnani, the global head of cyber defense and application security at Dutch compliance firm TMF Group. For Neeraj Kumar, CTO of Arkreach, the speed with which AI technologies are being developed itself poses a threat.

Survey 136
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Top 10 barriers to strategic IT success

CIO Business Intelligence

Upskilling takes time, and contracted workers aren’t usually as close to the business as employees. for this year, resulting in a net gain of more than 300,000 new jobs. for this year, resulting in a net gain of more than 300,000 new jobs. growth rate, which resulted in about 117,000 net new hires.)