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The program, known as Project Transcendence, marks a significant push by the Kingdom to develop a robust AI ecosystem that can rival leading tech hubs, including neighbouring United Arab Emirates and other global technology centers. billion in a global super-scaler cloud, and Oracle investing $1.5
South Korea’s sudden political upheaval has raised fresh concerns for its economy and global supply chains, with analysts warning of potential disruptions to its critical technology exports. of the global memory semiconductor market, with a DRAM market share of 70.5% It accounts for 60.5% and a NAND market share of 52.6%.
A lot of organizations started exploring a variety of GenAI-enabled business use cases and especially large organizations (with more than 500+ employees) have been more enthusiastic about adopting this new technology, mainly due to the competitive pressure, availability of financial resources, and skills to support,” explained Jyoti Lalchandani, Group (..)
Changing consumer behavior and expectations, competition from major e-retailers, evolving cybersecurity challenges, inflationary pressures, sustainability and environmental concerns, and the pressure to take advantage of AI are all very real concerns for retailers today. the world’s leading tech media, data, and marketing services company.
Companies seeking to align their technology investments with ESG goals can draw inspiration from global frameworks like the United Nations’ Sustainable Development Goals (SDGs) , which offer a blueprint for addressing environmental and social challenges worldwide. CIOs are critical to the success of ESG initiatives.
With demand for low-cost energy ever increasing, along with competition from renewable sources of energy, ConocoPhillips is leveraging digital twins to optimize the safety and efficiency of its assets. Dubbed the ConocoPhillips Global Digital Twin Program, it’s earned ConocoPhillips a 2023 CIO 100 Award in IT Excellence.
Look around and youll see technological, economic, and competitive obstacles that CIOs must not only handle, but defeat. A PwC Global Risk Survey found that 75% of risk leaders claim that financial pressures limit their ability to invest in the advanced technology needed to assess and monitor risks. Risk is inescapable.
The UAEs vision for AI is encapsulated in its National AI Strategy 2031, which aims to position the country as a global leader in AI by integrating it across various sectors. Another key feature of the week will be the Dubai AI Festival, which will gather global thought leaders to discuss the latest developments in the field.
Thats why, in 2025, the top priority for tech leaders should be ensuring that AI technology investments are strategically aligned to deliver measurable commercial outcomes while also addressing rapidly evolving customer needs, says Bill Pappas, MetLifes head of global technology and operations.
These advanced technologies will be “crucial for maintaining a competitive edge, improving operational efficiency, and enhancing the customer experience,” he says. Although Rucker raises concerns about the global economy and rising technology costs, he says many IT spending increases will be necessary.
Then in August, Intel announced a 15% reduction of its global workforce, amounting to approximately 15,000 jobs. The pandemic, for one, pushed organizations to accelerate digital transformation to support a remote workforce, and to adapt to global lockdowns, organizations invested in their technology stacks and teams to do so. “IT
“By expanding the availability of our software portfolio in AWS Marketplace, organizations around the world will have greater access to a streamlined way to procure many IBM AI and hybrid cloud offerings to help propel their business forward,” Nick Otto, Head of Global Strategic Partnerships at IBM, said in the statement.
Guan, along with AI leaders from S&P Global and Corning, discussed the gargantuan challenges involved in moving gen AI models from proof of concept to production, as well as the foundation needed to make gen AI models truly valuable for the business. “Our Proprietary data is your biggest competitive advantage.”
Regardless of the driver of transformation, your companys culture, leadership, and operating practices must continuously improve to meet the demands of a globallycompetitive, faster-paced, and technology-enabled world with increasing security and other operational risks.
The UAE’s vision for AI is encapsulated in its National AI Strategy 2031, which aims to position the country as a global leader in AI by integrating it across various sectors. This strategy is not just a roadmap but a testament to the UAE’s forward-thinking approach to harnessing the power of AI for socio-economic growth.
As businesses continue to explore the potential of AI, the integration of generative technologies is seen as essential to remaining competitive in a rapidly evolving market. Another expert in the conversation, Manoj Bhojwani, Global CIO at Abu Dhabi Islamic Bank shared his company’s strategic roadmap towards AI. “In
In todays digital economy, business objectives like becoming a leading global wealth management firm or being a premier destination for top talent demand more than just technical excellence. The stakes have never been higher. They require fundamentally reimagining how we approach enterprise architecture and technology delivery.
According to NTT DATAs Global GenAI Report , 97% of CEOs expect a material impact from the technology and 99% of respondents are planning more GenAI investment, even though only 43% of the C-suite strongly agree their existing solutions are meeting expectations. [1] NTT DATAs Global GenAI Report now. [1] Partnerships.
By 2029, 10% of global boards will use AI guidance to challenge executive decisions that are material to their business. As the GenAI landscape becomes more competitive, companies are differentiating themselves by developing specialized models tailored to their industry,” Gartner stated.
Samsung, LG, and other top 10 conglomerates in Korea are SAP customers, and many excellent customers in Korea are using SAP to enhance their globalcompetitiveness, said Klein. Korean customers are actively asking questions about how AI can support their business, grow their business, and utilize new technologies.
This approach has the potential to massively scale AI talent development, not just in Singapore but globally. Building a future where AI benefits everyone AI talent is crucial for national competitiveness in today’s world. It complements our existing LearnAI and 100E programs, creating a comprehensive AI talent pipeline.
After all, 41% of employees acquire, modify, or create technology outside of IT’s visibility , and 52% of respondents to EY’s Global Third-Party Risk Management Survey had an outage — and 38% reported a data breach — caused by third parties over the past two years.
Malaysia, Singapore, South Korea, and Taiwan are now under pressure to align with either the US or China in the global semiconductor supply chain. While exemptions granted to Dutch and Japanese firms soften the blow, the restrictions intensify challenges for other Asian nations.
When addressed properly , application and platform modernization drives immense value and positions organizations ahead of their competition, says Anindeep Kar, a consultant with technology research and advisory firm ISG. Make sure you’re thinking about where modernization can make a competitive difference and start there.”
As the UAE continues to push forward in its efforts to become a global leader in technology and innovation, Salesforces presence in the city is an important step in aligning with the nations evolving digital landscape.
The Middle East is rapidly evolving into a global hub for technological innovation, with 2025 set to be a pivotal year in the regions digital landscape. The shift towards multi-cloud and hybrid cloud solutions will also continue, offering businesses the flexibility they need to stay competitive while adhering to regulatory requirements.
Where innovation and agility are key drivers of competitive advantage, traditional IT metrics that shaped IT for the past 50 years are insufficient. And being late places your organization at a competitive disadvantage. The metrics must reflect this necessity. IDC is a wholly owned subsidiary of International Data Group (IDG Inc.),
Many retailers are looking to AI for that competitive advantage. Enter Akeneo, a global leader in Product Experience Management (PXM) and AI tech stack solutions. A rebound is on the horizon, which means a substantial opportunity for growth for those retailers that can get ahead of the curve.
Empower global talent Although harnessing AI is a top objective for Morgan Stanleys Wetmur, she says shes equally committed to harnessing the power of people. My responsibility for our global technology footprint means that motivating and empowering our diverse workforce remains one of my top priorities, Wetmur says.
Having the right AI tools will help these employees manage the increasing volume and variety of data and find the competitive edge their organisations need. AI is clearly making its way across the enterprise, with 49% of respondents expecting that the use of AI will be pervasive across all sectors and business functions.
But some companies, particularly in the IT sector, now appear to be reevaluating their business models and will consider selling non-core lines of business and products to fund AI projects, says James Brundage, global and Americas technology sector leader at EY, an IT and tax advisory firm.
It’s a common scenario among CIOs — it’s often easier to communicate and gain consensus with business stakeholders on the urgent need for innovation (a competitiveness factor) and cybersecurity (an existential threat) than on addressing maintenance tasks (technical debt). Learn more about IDC’s research for technology leaders.
And finally, says Vishal Gupta, the companys global CTO, CIO, and SVP of connected technology, the IT department wont touch a project that doesnt have commitment from business users. That takes away our competitive advantage. The next thing is to make sure they have an objective way of testing the outcome and measuring success.
This organism is the cornerstone of a companys competitive advantage, necessitating careful and responsible nurturing and management. Hence, every company must think like a data company, set up a proper data management capability and leverage data as a competitive advantage.
Staffing teams with skilled data scientists and AI specialists is difficult, given the severe global shortage of talent. Together, they help organizations meet data security and infrastructure scalability challenges, ensure compliance, maintain agility, innovate faster, and maintain a strong competitive position in a rapidly evolving market.
CIOs who act decisively now will gain a competitive edge by building adaptable, AI-ready teams. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the technology markets. This leaves a significant 70% who arent exploring this avenue.
Mitigating skills shortages Asked what prompted the launch, Lara Albert, global vice president of product marketing for SAP SuccessFactors, said in an email that the offerings “deliver a personalized, data-driven talent experience where employees can easily discover and navigate recommended career paths.
Essential to global prosperity yet subject to economic and geopolitical forces, companies across the entire energy value chain are under pressure to operate at high levels of safety, efficiency, and uptime. Its the same story across all industries. Managed, on the other hand, it can boost operations, efficiency, and resiliency.
Kevin Ichhpurani, president of global partner ecosystem with Google Cloud, shared an example of a mutual client and how EXL and Google have helped them with customer service agents. The second panel focused on how AI helps enterprises maintain a competitive advantage. That is really a fascinating twist in how we think about data.
Monica Caldas is an award-winning digital executive who leads a team of 5,000 technologists as the global CIO for Liberty Mutual Insurance. As a technology organization supporting a global insurance company, job No. How are you harnessing it for competitive advantage? 1 is enabling secure, stable systems.
GenAI is a megatrend that rivals the evolution of the internet itself and it is set to transform global enterprises and entire industries. NTT DATAs landmark Global GenAI Report underscores how the technology is gaining momentum. Leading CEOs are using it to create new processes and competitive differentiation.
The proposed $35-billion merger of chip design software giants Synopsys and Ansys is facing increased scrutiny from global regulators, with the UK’s Competition and Markets Authority (CMA) the latest to launch an investigation.
We must understand that whoever sets the rules on its application will win this great power competition and determine the global balance of power.” This could hinder the globalcompetitiveness of US firms.”
“Ensuring you have a deep understanding of your partners’ business, taking extreme ownership of challenges, and being vulnerable are all tenants of building tight partnerships,” observes Andrew Palmer, CIO for global retail markets at Liberty Mutual Insurance. Failing to align IT and business interests gradually erodes hard-earned trust. “It
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