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IBM z17 mainframe gains AI accelerator, massive workload support

Network World

IBM has rolled out the latest iteration of its mainframe, replete with AI technology designed to take data-intensive application support well into the future. That] is the interesting story, and [how] thats going to unlock applications at some of the biggest banks, telcos, retailers, government departments, Dickens said.

IBM 377
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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. Error correction will definitely accelerate the adoption of quantum-based solutions in the bank.

IBM 397
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7 types of tech debt that could cripple your business

CIO Business Intelligence

After all, a low-risk annoyance in a key application can become a sizable boulder when the app requires modernization to support a digital transformation initiative. Accenture reports that the top three sources of technical debt are enterprise applications, AI, and enterprise architecture.

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Should finance organizations bank on Generative AI?

CIO Business Intelligence

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. In the finance and banking industry, however, organizations are seeking extra guidance on the best way forward. In short, yes. But it’s an evolution. Regulatory compliance. Automation.

Banking 334
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Can serverless fix fintech’s scaling problem?

CIO Business Intelligence

The built-in elasticity in serverless computing architecture makes it particularly appealing for unpredictable workloads and amplifies developers productivity by letting developers focus on writing code and optimizing application design industry benchmarks , providing additional justification for this hypothesis. Vendor lock-in.

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Global tariffs shake up CIOs’ IT agendas

CIO Business Intelligence

The research firm is projecting a move closer to the previous downside of 5% growth, which reflects a rapid, negative impact on hardware and IT services spending. This includes curbing what the bank had dubbed the year of cloud, a strategic initiative that involved several planned platform migrations to the cloud.

Banking 162
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Customer centricity: How Mashreq Bank is placing its customers at the forefront of its operations.

CIO Business Intelligence

Mohamed Salah Abdel Hamid Abdel Razek, Senior Executive Vice President and Group Head of Tech, Transformation & Information, Mashreq explains how the bank is integrating advanced technologies and expanding its digital footprint. This approach has significantly enhanced the customer banking experience.

Banking 299