Remove 2030 Remove Applications Remove Cloud
article thumbnail

Saudi Arabia launches $100 Billion AI initiative to lead in global tech

CIO Business Intelligence

As part of Saudi Arabia’s Vision 2030 plan, this AI project underscores the country’s commitment to economic diversification away from oil, aiming to become a global tech leader within the next decade. This includes initiatives to adopt AI domestically and ultimately position Saudi Arabia as an exporter of AI solutions by 2030.

article thumbnail

5 reasons the enterprise data center will never die

CIO Business Intelligence

In 2019, Gartner analyst Dave Cappuccio issued the headline-grabbing prediction that by 2025, 80% of enterprises will have shut down their traditional data centers and moved everything to the cloud. So, Cappuccio wasnt totally wrong; cloud is growing fast, but on-prem isnt declining as precipitously as anticipated.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Oracle launches AI Agent Studio for Fusion Cloud to retain customers

CIO Business Intelligence

Oracle has added a new AI Agent Studio to its Fusion Cloud business applications, at no additional cost, in an effort to retain its enterprise customers as rival software vendors ramp up their agent-based offerings with the aim of garnering more market share. billion in 2024, is expected to grow at a CAGR of 45.8%

Oracle 226
article thumbnail

10 quantum computing milestones of 2024

Network World

This means that they have developed an application that shows an advantage over a classical approach though not necessarily one that is fully rolled out and commercially viable at scale. Citi is using Amazon Braket, a cloud-based service, to see how well quantum computers could handle portfolio optimization tasks.

IBM 397
article thumbnail

Oracle’s growing impact in the Middle East: Driving AI and cloud innovation

CIO Business Intelligence

At yesterdays Oracle Cloud Summit in Dubai, the company made several key announcements, highlighting not only its deepening commitment to the region but also the exciting trajectory of AI and cloud adoption across the UAE and KSA. A key point shared during the summit was how the Kingdoms organizations are increasingly investing in AI.

Oracle 222
article thumbnail

What is S/4HANA? SAP’s latest ERP system explained

CIO Business Intelligence

It is available both in a cloud-based SaaS and an on-premises version. The SAP Business Technology Platform offers in-memory processing, agile services for data integration and application extension, as well as embedded analytics and intelligent technologies. The S/4HANA Cloud Edition is offered assoftware-as-a-service.

System 269
article thumbnail

SAP to give on-prem customers three-year reprieve — with a catch

CIO Business Intelligence

All told then, migration to S/4HANA would need to be completed by the end of 2030. DSAG: On-prem customers must not be pushed to the cloud In general, the delay is welcomed,said Jens Hungershausen, chairman of the German-speaking SAP User Group (DSAG), commenting on the report.

SAP 303