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French government leaves $1.1 billion hole in Atos refinancing plan, Atos says don’t worry

CIO

billion restructuring plan with its banks and shareholders. That wasn’t enough to get it back into the black, though, and its net loss in the first half of the year grew to €1.91 billion), compared to a loss of €600 million a year earlier. billion (about $2.1 The expiry of the government’s offer doesn’t mean it’s all over.

Loss 418
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Step 1 to becoming a business-savvy CIO

CIO

For example, if you are in banking, your organization is likely to measure itself by profitability ratios such as net interest margin (the difference between interest income generated and interest expenses) or PCL (provision for credit losses). Marketing and sales had measured success by how many new card accounts were opened.

Business 417
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INE Security Alert: The Steep Cost of Neglecting Cybersecurity Training

CIO

The same report illuminates the value of a robust cybersecurity staff, showing a majority of those breached were short-staffed in cybersecurity, and experienced an average loss of $1.76 After the 2019 data breach of Capital One, which affected approximately 100 million customers in the U.S., million more in beach costs. “As

Security 459
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IT services company Atos finalizes plan for IBM-style split

CIO

The deal will spell an end to the current one-stop shop for IT services that it offers its enterprise customers, but will free up capital and cash-flow for it to invest in more modern activities: digital transformation , smart digital platforms, cloud technology, cybersecurity, high-performance computing and AI.

IT 370
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CIOs are worried about the informal rise of generative AI in the enterprise

CIO

As an example, the consultancy refers to how generative AI technology could potentially add $200 – $400 billion in added annual value to the banking industry if full implementation moves ahead on various use cases. In a recent post, McKinsey noted that generative AI is expected to have a “ significant impact across all industry sectors.”

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Atos receives four offers of help

CIO

The loss-making IT services company is struggling to repay or reschedule its debts and has been looking for new sources of capital for almost two years , including the sale of various parts of the company, so far without success. Atos has given itself a month to choose between the offers. billion (€1.5

Capital 397
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4 perils of being an IT pioneer

CIO

A senior IT leader from a bank confronted this challenge while working with a fintech provider. “We We were building a solution through which a third party could open current accounts on our bank’s behalf. For the technology leader from the bank, it served as a valuable lesson.

IT 393