Technology Optimization advises CIOs seeking to invest in innovation and strategic advantage while optimizing the cost of providing ongoing support.
New economic realities and shrinking IT budgets necessitate that IT organizations become better at justifying new projects, more efficient in delivering IT services, and smarter at adopting new technologies that can deliver business value while reducing costs.
Organizations must work together to optimize the cost reduction that funds innovation, and learn how to balance the needs of business with the responsibilities of IT. Is your organization ready for the shift to innovation? Have you developed a strategy to fund innovation with optimization?
Generative AI bookings in the first quarter were $1.2 billion and Accenture saw revenue growth across all industries.
Broadcom CEO Hock Tan said the integration of VMware is "largely complete" with revenue growth and operating margins hitting 70% exiting 2024.
Broadcom reported better-than-expected fourth quarter earnings as its AI revenue continued to surge.
Oracle’s second quarter was strong, but light relative to expectations. Oracle’s cloud revenue was up 24% in the second quarter from a year ago with cloud infrastructure revenue up 52%.
Matt Garman Has Positively Impacted AWS
Amazon Web Services (AWS) hosted over 70,000 attendees at its 13th annual reinvent conference in Las Vegas, Nevada on December 2nd to 6th, 2024. Since its humble beginnings in 2012 when there were 6,000 attendees, this event has been on the must-attend list developer and innovation focused business and technology leaders. After losing three years of momentum, AWS finally found the right replacement for Andy Jassy with Matt Garman as the new AWS CEO. This year’s announcements showcase significant product investments that will provide a stronger roadmap of how AWS will support AI startups and enterprises moving fast into AI. Overall, announcements from reinvent reflect a deep customer understanding.
The list of VMware rivals trying to poach workloads is swelling and recent days highlight how vendors such as HPE, AWS, Red Hat and Nutanix are stepping up the pressure.
HPE reported better-than-expected fourth quarter results as server revenue surged due to AI demand. HPE also said that it expects its acquisition of Juniper Networks to close in early 2025.
