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What to do when your IT provider vanishes

CIO

According to capital management solutions firm Carta, in Q1 this year, startup bankruptcies increased by 58% compared to the same time in 2023. Sometimes a provider proposes a solution based on technology that swiftly becomes obsolete, or just can’t move fast enough when a more promising solution emerges.

IT 459
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What IT executives are saying about vendor consolidation

CIO

Vendors continue to proliferate – for instance, venture capitalist Matt Turck of Firstmark Capital has been building an annual “landscape” of Machine Learning, Artificial Intelligence and Data (“MAD”) offerings since 2012 , and the number of vendors has increased from 139 in 2012 to 1,416 in 2023. 10X in 10 Years – can this continue?

IT 481
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AI-powered information management: a catalyst for operational success in the energy industry

CIO

Safety The loss value of the industrys costliest incidents has hit the lowest average amount for any two-year period in the last 25 years. [1] There are opportunities for improvements in capital project execution, all made possible by AI-driven asset information management. Its the same story across all industries. The good news?

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4 perils of being an IT pioneer

CIO

When I was leading the team in the capital market space, we invested in building in-house technology to ensure that our customers faced very low latency while doing trades. The speed at which enterprises adopt emerging technology is widely acknowledged as a key driver of success.

IT 393
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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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Salesforce to acquire data protection specialist Own Company for $1.9 billion

CIO

The company said Own’s offerings will enable it to offer a more comprehensive set of data protection and loss prevention products. The company does not anticipate changes to its existing fiscal year 2025 guidance and says the acquisition will not affect its capital return program. billion in December 2020.

Loss 476
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French government leaves $1.1 billion hole in Atos refinancing plan, Atos says don’t worry

CIO

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. 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 (about $2.1

Loss 418