AWS re:Invent 2024 Recap: Key Insights from IBA Group

IBA Group participated in AWS re:Invent 2024, a premier cloud computing event held in Las Vegas, NV from December 2 to December 6. IBA Group representatives had numerous discussions on cloud innovation, generative AI (GenAI), and strategies for modernizing legacy systems at the event.

Key Takeaways

1. Making GenAI Useful in the Real World

Generative AI (GenAI) was a major focus, but this year the conversation wasn’t just about how exciting it is. People were talking about how to make it secure, reliable, and truly useful for solving real-world business problems.

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2. Big Updates for Amazon Bedrock

Big Updates for Amazon Bedrock. Amazon Bedrock introduced new tools to help companies use GenAI faster and better.

These include:

  • A wider choice of ready-to-use AI models.
  • Access to over 100 models in the new Bedrock Marketplace.
  • New features for managing large-scale AI prompts and knowledge bases.
  • Automation tools for working with data.

3. Cloud Costs Are a Big Deal

Many attendees shared concerns about managing cloud costs. People are looking for ways to track spending more proactively, using tools like dashboards and alerts to avoid surprises and improve efficiency.

Alex BurakSolution Consultant at IBA Group

At IBA Group, we understand that managing cloud expenses effectively is essential for businesses to maintain operational efficiency and drive smarter data management decisions. That’s why we’ve introduced a results-driven approach, ensuring clients pay only when the predefined outcomes are successfully achieved. By tying success to agreed-upon KPIs, we ensure that every investment delivers tangible value, providing a cost-effective and risk-free path to modernizing data systems.

Interested in learning more?

Book a meeting with IBA Group experts today and discover how its results-driven approach can transform your cloud strategy.

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4. Mainframes and GenAI Working Together

A lot of interest was around combining mainframe modernization with GenAI. IBA Group contributes to open-source projects like Zowe (zowe.org) to help modernize COBOL applications and developer experience DevEx. This hybrid approach helps customers better understand and update legacy applications while keeping them ready for the future.

As it looks forward to 2025, IBA Group remains committed to harnessing the transformative potential of cloud and AI technologies. Whether it’s helping clients reduce operational inefficiencies or enabling new AI-driven insights, the company’s goal is to drive meaningful change across industries.

Stay tuned for updates as IBA Group implements these insights into actionable solutions for its clients.

Source: AWS Press Kit