Clover Infotech brings to you a curated round-up of important technology updates for the month of February’24

#1 Oracle Named a Leader in B2B Customer Data Platforms by Independent Research Firm

Oracle has been recognized as the Leader in The Forrester Wave™: B2B Customer Data Platforms, Q4 2023. The report recognized Oracle Unity Customer Data Platform (CDP), part of Oracle Fusion Cloud Marketing, as the Leader with the highest score in the current offering category. he Forrester Wave™ included eight customer data platform (CDP) vendors and evaluated them on 29 criteria that analyzed current offerings, vendor strategies, and market presence.…CONTINUE READING

#2 Ola founder Bhavish Aggarwal launches AI chatbot ‘Krutrim’

Krutrim, an Artificial Intelligence (AI) startup founded by Bhavish Aggarwal, the founder of Ola, has introduced its namesake AI chatbot in public beta. The launch follows Krutrim’s announcement of a $50 million financing at a $1 billion valuation, making it the country’s first startup unicorn in 2024. Matrix Partners India led the funding round, and Krutrim claims to be the first AI unicorn in India…CONTINUE READING

#3 Gartner Identifies Top Trends Impacting Technology Providers in 2024

Gartner, Inc. has highlighted the top trends that will impact technology providers in 2024.“Generative AI (GenAI) is dominating the technical and product agenda of nearly every tech provider,” said Eric Hunter, Managing Vice President at Gartner. “The technology reshapes a tech provider from its growth and product strategy down to the everyday tools used by its associates. Despite the potential for GenAI to reshape providers, it is not the only influence facing technology leaders…CONTINUE READING

#4 Gartner Survey Shows That Leading Digital Transformation Is the Top Priority for CFOs in 2024

The survey of 185 CFOs, conducted through September and October 2023, revealed that improving finance metrics, insights and storytelling, leading change management efforts, and optimizing costs were also priorities that over 70% of CFOs considered to be critical to their success. “The focus on transformation efforts aligns with the increased interest in GenAI and other disruptive technologies. This also speaks to the role the CFO plays in evaluating and aligning investment in these transformative technologies, both in finance and across the enterprise,” said Marko Horvat, vice president, research in the Gartner Finance practice…CONTINUE READING

#5 90% Indian CIOs to Increase Spending on AI Tools

Artificial Intelligence (AI) is dominating the mindshare of Indian Chief Information Officers (CIO)s, with more than 90 per cent looking to increase spending on right tools, according to a report on Monday. The report by Canva, the world’s only all-in-one visual communication platform, is based on a survey of more than 1,360 CIOs across India, USA, UK, France, Germany, Spain, Brazil, Mexico, and Australia…CONTINUE READING

#6 Digital Tech Spending in India to Grow 2x the Economy in 2024

Worldwide Digital Business Strategies 2024 Predictions — India Implications, IDC predicts, spending on digital technology by organizations will grow at 2X the economy in 2024, as companies are compelled by market demands to grow digital business models and strengthen digital capabilities…CONTINUE READING

#7 India’s digital growth: DPIs could drive $8 trillion economy by 2030, says Nasscom

Economic worth added by Digital Public Infrastructures (DPIs) could doubtlessly enhance to 2.9 – 4.2 per cent of GDP by 2030, up from 0.9 per cent in 2022, in keeping with Nasscom – Arthur D. Little Report. These DPIs will pave the way in which for India to turn out to be a $8 trillion economy by 2030 and support in reaching the goal of a $1 trillion digital economy, the “India’s Digital Public Infrastructure – Accelerating India’s Digital Inclusion,” report confirmed.…CONTINUE READING

#8 Gartner Forecasts Security and Risk Management Spending in MENA to Grow 12% in 2024

End-user spending on security and risk management (SRM) in the Middle East and North Africa (MENA) region is forecast to total $3.3 billion in 2024, an increase of 12.1% from 2023, according to a new forecast from Gartner, Inc. “The rapid growth of generative AI (GenAI) is expanding the threat landscape. At the same time, the evolving regulatory landscape and the alarming frequency of cyberattacks are prompting SRM leaders to increase their spending on security measures,” said Shailendra Upadhyay, Senior Research Principal at Gartner…CONTINUE READING