IBM's Q3 led by software revenue
Arvind Krishna, CEO of IBM, said the company was seeing clients adopt its watsonx AI and data platform. That adoption is also generating consulting revenue.
Five years ago, Chief Information Officers (CIOs) were on top of the world. These executives played mission-critical roles in driving multi-million dollar projects that delivered massive change. However, a global recession and the inability of CIOs to deliver on business value have tarnished their status. Today's CIOs are under pressure to deliver on requests for innovation, cost reduction, connectivity, and a growing demand for business intelligence. Just as previous technology and business shifts have changed the role of the CIO, the new, more consumer-oriented business models of the social revolution will favor a new breed of business and technology leader. These leaders will have to navigate myriad converging and disruptive technologies, align new initiatives to both business value and technology feasibility, and identify strategies to leverage existing investments to fund innovation. Constellation's research and advisory offerings arm the CIO w/ the knowledge, best practices, and strategies required to manage the four personas of the next generation CIO.
Arvind Krishna, CEO of IBM, said the company was seeing clients adopt its watsonx AI and data platform. That adoption is also generating consulting revenue.
Ray Wang says: "We don't have enough data to make AI work. Billions of dollars will be wasted on AI implementation without a data strategy."
Constellation Research analysts outlined a series of predictions for the years ahead at Constellation Research Connected Enterprise 2023.
Microsoft CFO Amy Hood said Microsoft Cloud revenue of $31.8 billion, up 24% from a year ago, drove the quarter.
Ingram Micro's Chief Digital Officer Sanjib Sahoo said his company is approaching its transformation through a lens of DigiOps, which should prioritize business value and then looks to technologies to enable it.
Manta Software customers include Bank of Montreal, T-Mobile and J.B. Hunt.
Enterprises are starting to drive productivity and cost savings from generative AI with AT&T among the most vocal about returns. The catch: These returns require investment in IT and data infrastructure.
Digital transformation projects are colliding with productivity and efficiency initiatives for funding, but it's not a zero-sum game. Digital transformation projects should pay for themselves and drive business value.
From fighting healthcare misinformation to building crisis-ready organizations, discover how leaders are shaping a resilient and informed future.