French IT services company Atos has called on a third-party trustee to help it negotiate debt refinancing with its banks after plans to raise €720 million in new capital through a rights issue fell through. It announced it requested the appointment Monday, promising to give an update on the negotiations in due course. Last year,…
India’s premier investigating agency, the Central Bureau of Investigation (CBI), has filed a charge sheet against former Air India Chief Managing Director, SAP India, and IBM India for alleged irregularities in acquiring an ERP solution by Air India in 2011. CBI had registered the case based on the recommendations of the Central Vigilance Commission (CVC),…
Mohamed Salah Abdel Hamid Abdel Razek, Senior Executive Vice President and Group Head of Tech, Transformation & Information, Mashreq explains how the bank is integrating advanced technologies and expanding its digital footprint. The company aims to provide customers with a banking journey that is not just efficient and secure, but also innovative, engaging, and memorable.…
Growing up as one of the only Black students in his schools, Peter Beasley felt accepted by his peers and didn’t experience a sense of being different as he set his own course for advancement. But as he entered college to study electrical engineering and later launched a career in IT, that began to change.…
Since the release of ChatGPT in November 2022, generative AI (genAI) has become a high priority for enterprise CEOs and boards of directors. A PwC report, for instance, found that 84% of CIOs expect to use genAI to support a new business model in 2024. Certainly, there’s no doubt that genAI is a truly transformative…
Amazon Web Services (AWS), the cloud computing arm of Amazon, posted a 13% growth in revenue in the fourth quarter of 2023 buoyed by demand for generative AI-related services, despite continued cost optimization activity by enterprises. “Similar to what we shared last quarter, we continue to see the diminishing impact of cost optimizations. And…
For women who aspire to leadership roles in IT, the climb to the top can be particularly arduous — and lonely. Just 28% of IT leadership roles are filled by women, according to DDI’s 2023 Global Leadership Forecast, and many women end up leaving IT careers due to workplace culture, pay equity, microaggressions, and a lack…
In today’s rapidly evolving cybersecurity landscape, having a proficient security team in place is not enough. Organizations must understand the nuances of modern risks. The third and fourth episodes of the Unit 42 Threat Vector podcast shed light on two critical aspects: IR sniping and the disruptive role of AI in cyberattacks. These factors revolutionize…
Healthcare systems around the world are under extreme pressure as a result of staffing shortages, low retention rates and clinician burnout. In the U.S., due to higher turnover rate of nurses, hospitals have employed traveling nurses. On average, hospitals would save $3,084,000 per year by eliminating the need for traveling nurses, according to NSI. In…
The Next CIO cohort sat with Natalie Whittlesey and James Lawson from InX to discuss how to transition into a first time C-suite role. Next CIO workshops are designed to support the Next CIO cohort into their first CIO role. These are held throughout the year as part of the initiative. From determining career paths,…