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Global managed services to grow in 2024 as enterprise IT spending rises

CIO

The global market for managed services will rise in 2024 due to organizations’ IT spending surge and larger investments in managed services deals involving AI and cloud computing, according to market intelligence firm IDC. billion, IDC said.

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AI poised to replace entry-level positions at large financial institutions

CIO

Global banks and investment firms are currently mulling plans to replace entry-level financial analyst positions with artificial intelligence (AI), with as many as two-thirds of these positions potentially on the chopping block.

Banking 863
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4 industries where chatbots will have the biggest impact

CIO

More than 80% of business leaders believe that the best bang for their gen AI buck is in chatbots for automating customer service and improving knowledge management, according to a Capgemini survey of 1,000 companies in 13 countries. billion, according to Verified Market Research. billion in 2022 to $6.9

Banking 594
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CDOs, data science heads to fill Chief AI Officer positions in India

CIO

Last year in September, market research firm IDC floated a quick survey globally sampling responses from 97 CIOs. We are already seeing this (combination of the AI roles) happening now in India,” Addagada said, giving the examples of HDFC Bank, Axis Bank, ICICI Bank, and Bandhan Bank.

Startups 405
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Powering the future: How Gen AI and AI illuminate utility companies

CIO

According to market researchers at Gartner 1 , “Utilities are faced with unprecedented challenges.” In addition, companies use AI for proactive grid management and predictive maintenance that helps prevent outages. First, AI is improving weather models so that utilities can have a better idea of where disaster might strike.

Alliance 821
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What Is Agile Market Research and Why Is It Important?

Netbasequid

Agile research to the rescue! Modern businesses have adopted agile market research as an answer to the dynamic environment in which they operate. What does this mean; how is it different from traditional market research; and why should you do it? What Is Agile Market Research? Let’s find out.

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5 top ERP trends for 2022 — and their implications for IT leaders

CIO

In the absence of real-time data, at the end of each month, it took a few days to run the numbers and ultimately carry out management reporting. This trend is fast catching up,” says Sheetanshu Upadhyay, research head at global market research firm Strategic Market Research.

IT 893