article thumbnail

AI-powered information management: a catalyst for operational success in the energy industry

CIO

These large-scale, asset-driven enterprises generate an overwhelming amount of information, from engineering drawings and standard operating procedures (SOPs) to compliance documentation and quality assurance data. AI-driven asset information management will play a critical role in that final push toward zero incidents.

article thumbnail

Companies look to sell off assets to pay for AI investments

CIO

When were talking with clients right now, one thing that theyre looking at doing is divesting of non-core assets to generate that capital, he adds. Also in May, information management and cloud firm OpenText sold off its application modernization and connectivity business for $2.28

Capital 488
Insiders

Sign Up for our Newsletter

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

article thumbnail

AI data readiness: C-suite fantasy, big IT problem

CIO

Nearly nine in 10 business leaders say their organizations data ecosystems are ready to build and deploy AI at scale, according to a recent Capital One AI readiness survey. It starts to inform the art of the possible. Experimentation doesnt have to be huge, but it breeds familiarity, he says.

IT 504
article thumbnail

Capital Group invests big in talent development

CIO

For financial services company Capital Group, competing in tight IT talent markets is all about the long run. “We That focus includes not only the firm’s customer-facing strategies but also its commitment to investing in the development of its employees, a strategy that is paying off, as evidenced by Capital Group’s No. Capital Group.

Capital 369
article thumbnail

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

CIO

Organizations are seeing a dramatic rise in informal adoption of gen AI – tools and platforms used without official sanctioning. A CISO at a major marketing software firm worried about this explicitly, stating, “The real risk is that you have unintentional data leakage of confidential information. Here’s what I learned. Privacy leaks?

article thumbnail

Banks and lenders are still falling short of fully capitalizing on the AI revolution

CIO

But that hesitancy can inform the next step forward. While firms are eager to capitalize on their new technology, how they do so is going to dictate the degree of success they will have. Rajeev Minocha, head of banking and capital markets at EXL, a leading data analytics and digital operations and solutions company.

Banking 419
article thumbnail

Saudi Arabia’s deep tech startup ecosystem thrives with focus on AI and IoT, fueling Vision 2030

CIO

A recent report from the Ministry of Communications and Information Technology, King Abdullah University of Science and Technology, and consultancy firm Hello Tomorrow highlights the rapid growth of deep tech startups in Saudi Arabia, with 50% of these startups focusing on AI and IoT.

Startups 448