Thu.Aug 24, 2023

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CIO Anurag Gupta on taking the private equity plunge

CIO

Of all the trade-off decisions you may have to make as an IT executive, few stand to alter the course of your career as dramatically as that of whether to serve a firm owned by private equity (or “PE”). On the one hand, such firms (often referred to as portfolio companies, or “PortCos”), can excite and inspire, especially when turbo-charged with capital and expertise.

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Domo Announces Second Quarter Fiscal 2024 Financial Results

Domo

SILICON SLOPES, UT – Domo, Inc. (Nasdaq: DOMO) today announced results for its fiscal second quarter ended July 31, 2023. Fiscal Second Quarter Results Total revenue was $79.7 million, an increase of 5% year over year Subscription revenue was $71.2 million, an increase of 6% year over year Subscription revenue represented 89% of total revenue Billings were $70.6 million, a decrease of 2% year-over-year Remaining Performance Obligations (RPO) was $357.6 million as of July 31, 2023, an incre

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Regulatory uncertainty overshadows gen AI despite pace of adoption

CIO

While AI has steadily worked its way into the enterprise and business vernacular over many years, gen AI has not only become an abrupt and immediate force unto itself, but also an overarching AI accelerant. Not without warning signs, however. Gen AI has the potential to magnify existing risks around data privacy laws that govern how sensitive data is collected, used, shared, and stored.

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The Future of GenAI in Business With Eric Schmidt and David Solomon

Alpha Sense BI

AlphaSense has remained steadfast in its mission to radically improve how professionals make business decisions through the power of AI. As we look towards the future of an AI-enabled world, we spoke with two titans of the tech and financial worlds, Eric Schmidt, Co-Founder of Schmidt Futures and Former CEO & Chairman of Google and David Solomon, Chairman and CEO of Goldman Sachs, on what we can expect to see unfold with the rapid growth and business implications of generative AI (genAI).

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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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Generative AI is electrifying. Charge ahead or get shocked.

CIO

By Chet Kapoor, Chairman & CEO of DataStax The energy around AI is nothing short of electrifying. It’s not just a buzzword or part of a science fiction storyline. It’s our new reality and will be the most important and disruptive innovation of our lifetime. The market and opportunity ahead are massive. A large majority of applications will include AI by 2025, and let’s be honest, you can’t put a price on GPT.

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Equinix goes partner prospecting with AI

CIO

Multinational data infrastructure company Equinix has been capitalizing on machine learning (ML) since 2018, thanks to an initiative that uses ML probabilistic modeling to predict prospective customers’ likelihood of buying Equinix offerings — a program that has contributed millions of dollars in revenue since its inception. But as the company evolved since the launch of that project, so did its reliance on channel partners to accelerate customer acquisition and expansion.

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Owler Weekly Funding Insights | August 14-20, 2023

Owler

A roundup of the previous week’s large and small funding rounds from Owler. ? COMPANIES YOU SHOULD KNOW + Mooe Robots Raised $13.7M in Series B Round Specializing in unmanned industrial vehicles including its driverless forklift, Mooe Robots raised $13.7M in a Series B round funded by China Securities, with its investor expressing its hopes to see Mooe Robots take advantage of opportunities to develop within its industry and assist in the development of express logistics and industrial customers

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How to Prioritize Responsibility Over Reactivity in Evaluating AI

Domo

For decades, artificial intelligence (AI) was the realm of PhD-level data scientists. But when OpenAI released ChatGPT in November 2022, AI was launched into the public conversation and made AI accessible to anyone with internet access—and the media went wild with sensational headlines and dire predictions about how AI would change our work worlds for the better, or more likely, the worse.

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No Storage, No Future Tech: Why Cutting-Edge Innovations Rely on Tried-and-True Data Storage

Dataversity

Imagine if you asked a large language model to write a fantasy story about a girl who wanders into a magical forest and meets a pirate with the same name as your brother, a fairy allergic to pixie dust, and a cat who speaks in iambic pentameter. Then, pair that with an AI image generator […] The post No Storage, No Future Tech: Why Cutting-Edge Innovations Rely on Tried-and-True Data Storage appeared first on DATAVERSITY.

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Prepare Now: 2025s Must-Know Trends For Product And Data Leaders

Speaker: Jay Allardyce, Deepak Vittal, Terrence Sheflin, and Mahyar Ghasemali

As we look ahead to 2025, business intelligence and data analytics are set to play pivotal roles in shaping success. Organizations are already starting to face a host of transformative trends as the year comes to a close, including the integration of AI in data analytics, an increased emphasis on real-time data insights, and the growing importance of user experience in BI solutions.

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Fortitude Re Engages IBM to Transform and Optimize Its Life Insurance and Annuity Third Party Administration Operations

Wink Intel

ARMONK, N.Y. & HAMILTON, Bermuda–( BUSINESS WIRE )–IBM (NYSE: IBM) and FGH Parent, L.P., (together with its subsidiaries, “Fortitude Re”), today announced they have entered into a $450 million agreement to transform Fortitude Re’s life insurance policy servicing operations with the implementation of AI technology and other automation tools designed to deliver a best-in-class customer experience for policyholders and insurers.

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‘Annuity King’ deemed a flight risk as sentencing nears on fraud conviction

Wink Intel

A pair of Tampa judges rejected two appeals this week by Phillip Roy Wasserman, the self-styled “Annuity King,” as his sentencing on fraud charges nears. Judge Sean P. Flynn denied Wasserman’s request to be freed on bond. Wasserman, scheduled to be sentenced Sept. 6 on fraud charges, is under 24-hour home incarceration with electronic monitoring, with exceptions for medical necessities, court appearances and court obligations.

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Prudential Sued Over MOVEit HackPrudential Sued Over MOVEit Hack

Wink Intel

Prudential Financial is being sued over the MOVEit file transfer system breach by a plaintiff who thinks affected customers should get 10 years of free credit monitoring. Prudential, like many of the affected financial services companies, has offered the 320,840 customers believed to be affected by the breach two years of free credit monitoring services from Kroll.

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Triple-I: Education Is Key to Life Insurance Awareness Month

Wink Intel

NEW YORK–( BUSINESS WIRE )–If someone depends on you financially, you should consider purchasing a life insurance policy, according to the Insurance Information Institute (Triple-I). September is Life Insurance Awareness Month and Triple-I participates each year as the insurance industry focuses on educating the public about the essential financial protection a life insurance policy provides,” said Michael Barry, chief communications officer, Triple-I.

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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

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NAIFA, FSP and Life Happens announce plan to unite

Wink Intel

Three industry associations today announced their plan to unite into a single organization. The National Association of Insurance and Financial Advisors , the Society of Financial Service Professionals and Life Happens announced plans to come together as one organization, pending membership approval. The merger will take place following a vote of each organization’s membership and that vote is expected to take place in the fall.

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