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Then in November, the company revealed its Azure AI Agent Service, a fully-managed service that lets enterprises build, deploy and scale agents quickly. According to a Capgemini survey released in mid 2024, 60% of executives at large companies say that AI agents will handle most of the coding in enterprises within three to five years.
Travel and expense managementcompany Emburse saw multiple opportunities where it could benefit from gen AI. To solve the problem, the company turned to gen AI and decided to use both commercial and open source models. Both types of gen AI have their benefits, says Ken Ringdahl, the companysCTO.
Be strategic with reserve pricing Reserve pricing for cloud services can reduce resource usage costs by as much as 70%, says David McKee, who in his role as fractionalCTO, tech founder, and digital twins thought leader at Counterpoint Technologies acts as a part-timeCTO for nine companies in the US and Europe.
McKee, tech founder and digital twins thought leader at Counterpoint Technologies, acts as a part-timeCTO for nine companies in the US and Europe. One client cut staff earlier this year, only to discover that another part of the business needed their institutional knowledge for a strategic project.
As a result, software supply chains and vendor risk management are becoming ever more vital (and frequent) conversations in the C-suite today, as companies seek to reduce their exposure to outages and the business continuity issues of key vendors their businesses depend on.
With more and more companies undertaking the journey of digital transformation, the role of the CIO has become critical. He joins the Indian beverage company after a 17-year stint at Wockhardt where he was associate vice president of information technology head. Amit Goel joins Blox as CTO. Write to us if you have news to share.
In mid-November, OpenAI’s board fired the CEO of the company, Sam Altman, the guy who put ChatGPT on the map and ushered in a new era of corporate AI deployments. Within the next three days, nearly all of the company’s employees said they’d walk out the door, and the fate of OpenAI looked extremely uncertain.
For the more specialized IT needs, there just aren’t enough people to meet the demand,” says Michael Manos, CTO of Dun & Bradstreet. World Insurance’s Corrigan advises asking what skillsets, certifications, and personality types they look for when hiring. Double down on vendormanagement.
But there’s also the downside: the possibility gen AI will take companies down. The phrase “existential risk” is now everywhere—not in the sense the AI would destroy humanity, but that it would make business functions, or even entire companies, obsolete. Italy’s knee-jerk reaction was a shot across the bow,” says Greenstein.
Generative AI has seen faster and more widespread adoption than any other technology today, with many companies already seeing ROI and scaling up use cases into wide adoption. Vendors are adding gen AI across the board to enterprise software products, and AI developers havent been idle this year either.
Companies who want to survive and thrive are looking to new technologies like AI and automation to bridge the gap and gain a competitive edge. The most obvious answer is pay a premium for the best talent, or hire consultants with modern skills. Of course, not many companies can afford this option. Looks like they were right.
CIOs are increasingly doing more software development and technology-focused work as part of their digital transformations, making the adage “every company is a software company” more of a truism with each digital wave. These approaches foster collaboration, reduce time-to-market, and improve software quality.”
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