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CIOs’ lack of success metrics dooms many AI projects

CIO

Combined with an April IDC survey that found organizations launching an average of 37 AI POCs, the September survey suggests many CIOs have been throwing the proverbial spaghetti at the wall to see what sticks, says Daniel Saroff, global vice president for consulting and research services at IDC.

Metrics 187
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CIOs are rethinking how they use public cloud services. Here’s why.

CIO

Over the past few years, enterprises have strived to move as much as possible as quickly as possible to the public cloud to minimize CapEx and save money. As VP of cloud capabilities at software company Endava, Radu Vunvulea consults with many CIOs in large enterprises. Are they truly enhancing productivity and reducing costs?

Cloud 209
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AI chip startup Mythic rises from the ashes with $13M, new CEO

TechCrunch

While the tranche is a fraction of the startup’s previous raise ($70 million), Mythic claims that the tranche will enable it to bring its “next-generation” product — an improved energy-efficient AI processor — to market. Mythic initially worked on projects for the U.S. So what went wrong?

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3 questions to ask before adopting 5G for IoT

CIO

The power of 5G networks will one day usher in new generations of IoT applications, but large-scale adoption may still be a long way off. Moreover, enterprise use of 5G for IoT is so new that anybody who uses it now will have to face all the challenges that come with being an early adopter.

IoT 190
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6 tips for making the most of a tight IT budget

CIO

IT leaders seeking to drive enterprise growth through technology investments are often saddled with budgets that make their tasks of increasing the top and bottom lines challenging. This is where Saurabh Mittal, CTO at Mumbai-based Piramal Capital & Housing Finance, wants IT leaders to make a careful distinction.

Budget 207
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10 things keeping IT leaders up at night

CIO

It seems to be an increasing worry — worry over whether the enterprise is secure and its data is protected, because everything else falls to the wayside if that’s not taken care of first,” says John Buccola, CTO of E78 Partners, which provides consulting and managed services in finance technology and other professional areas. “It

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Spend management space sees a large raise, and layoffs, in the same week

TechCrunch

On Friday, PitchBook’s Q1 2023 B2B fintech investment report showed that investment into enterprise fintech was $11.8 Axios reported last week that Teampay, a corporate card company, confirmed it laid off 30% of its 100-person staff “in two instances in recent months.” Welcome to The Interchange !

Fintech 228