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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 883
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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 617
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Banks Merge Data Mining and CRM Tools to Boost Profitability

Smart Data Collective

The recent slew of bank failures have created a lot of concerns about the state of the global economy. The good news is that big data technology is helping banks meet their bottom line. The banking sector, in particular, can use big data technology to improve the actuarial analysis of the loan underwriting and approval process.

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How to Conduct Consumer and Retail Market Research

Alpha Sense BI

To stay competitive in the current economic climate , companies need to conduct comprehensive and efficient market research. But slow manual market research processes will hinder your ability to make timely decisions and, ultimately, prevent you from staying ahead of the industry and your competition.

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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 393
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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 839