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June 14 - Where chief AI officers fit in IT | Oracle’s cloud boom

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Oracle bucks revenue trend as cloud business booms; Accenture to invest $3B in AI and double AI work

Oracle bucks revenue trend as cloud business booms; Accenture to invest $3B in AI and double AI workforce [View online]( | [Signup]( | [Forward]( [CIO Dive]( Daily Dive June 14, 2023 | Today’s news and insights for tech leaders [CIO DIVE VIRTUAL EVENT]( CIO DIVE VIRTUAL EVENT [What It Takes to Run in the Cloud]( Discover what it takes to carry out a successful cloud migration, and the current — and future — economic conditions leaders must consider in this on-demand [virtual event.]( Welcome --------------------------------------------------------------- Welcome to today's edition of CIO Dive. This free newsletter is a benefit of your membership with the Informa events community. More than 2.6 million business leaders rely on our newsletters for industry news and insights every day. Here are a few subscription options: - We have 20+ other business newsletters. [Explore them here](link.diveto.net/join/3qu/global-signup). - Nothing for you in this list? [Click here]( to be removed from CIO Dive but stay up to date when we launch into more industries. - Not interested in anything? [Unsubscribe from all](. Keep reading to learn more from our award-winning journalists. If you like what you see, [click here]( to hide this message in future newsletters. NOTE FROM THE EDITOR: When companies tout digital transformation and modernization, they’re almost always talking about cloud. Cloud is the foundation upon which innovation rests. Agile processes, big data, automation and, yes, generative AI all depend on cloud for storage and compute. We’ll explore the benefits and some of the complications of cloud with experts and practitioners during our live virtual event this afternoon — What it takes to run in the cloud. First, CIO Dive Editor Roberto Torres will host a fireside chat with M&T Bank CIO Mike Wisler at 2 p.m. ET. Then, at 2:30, I’ll moderate a panel discussion with Travelers CIO Tracey Cournoyer, XPO CIO Jay Silberkleit and cloud consultant Andy Sealock, a senior partner at West Monroe. There's still time to register [here](. We’re looking forward to talking cloud and taking your questions. See you then, Matt Ashare Reporter, [Twitter]( | [Email](mailto:mashare@industrydive.com) --------------------------------------------------------------- [Chief AI officers: How the role fits in IT leadership]( Appointing a leadership position to rule AI adds a specialist who can translate the technology’s impact — and, most importantly, shape implementation. --------------------------------------------------------------- [Oracle bucks revenue trend as cloud business booms]( End-to-end solutions for high tech, healthcare, financial services, retail, hospitality and other industries is driving the company's revenue growth. --------------------------------------------------------------- [Accenture to invest $3B in AI and double AI workforce]( The consulting professional services company will add 40,000 AI-skilled employees through hiring, acquisition and training, an investment plan that comes just months after the firm announced layoffs impacting 19,000 people. --------------------------------------------------------------- Sponsored Content by InRule Technology [The Forrester Wave™: AI Decisioning Platforms, Q2 2023]( Forrester Research invited the 13 most significant AI decisioning providers to participate in its independent analysis. Download the report and discover the power of AI decisioning. [Read more.]( --------------------------------------------------------------- [Read more news]( [image]( [How to Protect Your Hybrid and Multi-Cloud Environment]( With 98% of organizations relying on at least one cloud service, the need for a reliable hybrid and multi-cloud environment backup solution is critical. Learn how to keep your data safe in this webinar. [Learn More]( From Our Library --------------------------------------------------------------- Webinar - on demand [How Organizations Balance Security & Software Development]( Custom content for Snyk --------------------------------------------------------------- Trendline [How CIOs are strategically modernizing ERPs]( Supported by Vertex --------------------------------------------------------------- Trendline [Inside the world of software security]( Supported by Contrast Security --------------------------------------------------------------- Webinar - on demand [A New Architecture to Manage Data Costs and Complexity]( Custom content for Starburst Data --------------------------------------------------------------- [View all resources]( What We’re Reading --------------------------------------------------------------- The Information [AWS Cuts Ties With Fast-Rising Cloud-Sales Partner]( --------------------------------------------------------------- The Wall Street Journal [Microsoft and OpenAI Forge Awkward Partnership as Tech’s New Power Couple]( --------------------------------------------------------------- BBC News [Sir Paul McCartney says artificial intelligence has enabled a ‘final’ Beatles song]( --------------------------------------------------------------- CNBC [FTC files to block Microsoft-Activision]( [Suggest a story we should read]( Upcoming Event --------------------------------------------------------------- 16 JUN Webinar | 2 p.m. ET [The Ultimate Hybrid Cloud Backup Demo Experience]( Presented by studioID and Veeam Dive Into a Topic --------------------------------------------------------------- [IT Strategy]( [Cloud]( [Security]( [Big Data]( [AI & Future Tech]( [Software]( [Leadership]( Share CIO Dive: Daily Dive and [get rewarded](. 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