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Dell cuts jobs amid growing economic uncertainties

CIO Business Intelligence

There are primarily two points to consider here,” said Pareekh Jain, CEO of EIIRTrend & Pareekh Consulting. Trendforce forecasts that starting in 2024, the demand for AI development and software services will significantly increase, alongside the growth of edge computing AI servers using mid-range GPUs and FPGAs.

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Regulatory uncertainty overshadows gen AI despite pace of adoption

CIO Business Intelligence

It’s no surprise, then, that according to a June KPMG survey, uncertainty about the regulatory environment was the top barrier to implementing gen AI. So here are some of the strategies organizations are using to deploy gen AI in the face of regulatory uncertainty. Would you put your client’s sales forecast into Facebook?

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Accenture to lay off 19,000 to cut costs amid economic uncertainty

CIO Business Intelligence

IT services and consultancy firm Accenture said it would lay off 19,000 staffers, or 2.5% IT Consulting Services, Technology Industry of its workforce, over the next 18 months to reduce costs amid uncertain macroeconomic conditions. Accenture expects revenues for the third quarter of fiscal 2023 to be in the range of $16.1

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Humans-in-the-loop forecasting: integrating data science and business planning

The Unofficial Google Data Science Blog

ln this post he describes where and how having “humans in the loop” in forecasting makes sense, and reflects on past failures and successes that have led him to this perspective. Our team does a lot of forecasting. It also owns Google’s internal time series forecasting platform described in an earlier blog post.

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IT budget shock: Global IT services firms continue to struggle

CIO Business Intelligence

The global IT services industry is at a significant crossroads, with the explosive growth of generative AI and deepening economic uncertainties reshaping its future. Cognizant Technology Solutions announced a full-year revenue forecast below expectations. This means the IT implementations will see thinner margins and profitability.

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Atos CEO Yves Bernaert quits over governance differences

CIO Business Intelligence

Having a finance expert like Saleh at the helm could help stabilize Atos as it seeks to negotiate the uncertainties around its debt rescheduling and its recapitalization plans, which the company says are unchanged since its announcement on Jan. IT Consulting Services, Managed Service Providers, Technology Industry

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Marsh McLennan IT reorg lays foundation for gen AI

CIO Business Intelligence

Paul Beswick, CIO of Marsh McLennan, served as a general strategy consultant for most of his 23 years at the firm but was tapped in 2019 to relaunch the risk, insurance, and consulting services powerhouse’s global digital practice. With Databricks, the firm has also begun its journey into generative AI.

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