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CIOs to spend ambitiously on AI in 2025 — and beyond

CIO

Research firm IDC projects worldwide spending on technology to support AI strategies will reach $337 billion in 2025 — and more than double to $749 billion by 2028. Stephen Crowley, senior advisor for S&L Ventures and former CIO of global technology solutions at Covetrus, still sees that future as a little way off.

Travel 516
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Cost, security, and flexibility: the business case for open source gen AI

CIO

Travel and expense management company Emburse saw multiple opportunities where it could benefit from gen AI. Globally, were seeing AI as increasingly viewed as important to national security and sovereignty, so theres demand to keep AI in your geography, he says. And on-prem is actually still quite prevalent in certain industries.

Security 432
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IT budgets remain solid, despite tech industry headwinds

CIO

A report issued Monday by private investment company Bain Capital indicated that, despite the numerous disruptions to the technology industry—including a global supply chain crisis and Russia’s invasion of Ukraine—most IT decision makers foresee either stable budgets or increases for the coming year.

IT 514
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KeyBank CIO Amy Brady heeds the transformative call of IT leadership

CIO

You spent 14 years working on the business side at Bank of America when the banks president asked you to move to Atlanta and build a research and development group. It felt risky because I didnt know anything about building and leading a research and development team. I like being a part of something that has purpose.

Banking 394
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Protecting your business from unforeseen outages: Lessons from the recent CrowdStrike incident

CIO

The recent global outage at CrowdStrike, a leading cybersecurity firm, has sent shockwaves through the business community. The CrowdStrike outage: A wake-up call CrowdStrike’s global outage disrupted services for numerous Microsoft clients, highlighting the far-reaching impact that a single point of failure can have on businesses.

Business 417
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ESG reporting: Carbon in the cloud

CIO

Carbon emissions for datacenters exceed the airline industry Most people do not understand complex global datacenters. An MIT report determined that the carbon footprint for all datacenters globally, about 0.3% of global carbon emissions, exceeds carbon produced by the airline industry globally.

Airline 418
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Microsoft signs $2.8B cloud deal with London Stock Exchange Group

CIO

“This strategic partnership is a significant milestone on LSEG’s journey towards becoming the leading global financial markets infrastructure and data business, and will transform the experience for our customers,” said David Schwimmer, CEO of London Stock Exchange Group, in comments published alongside a Microsoft blog post announcing the news.

Travel 418