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AI is driving productivity and wage increases: Report

CIO

Industries such as financial services, information technology, and professional services are seeing labor productivity growth nearly five times greater than industries with less AI integration, the consulting firm said in a statement. In the US, for example, these positions can offer an average of 25% higher salaries than non-AI jobs.

Loss 792
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Allstate’s cloud-first approach to digital transformation pays off

CIO

based insurer has rebuilt its core application for claims processing, sales, and support, and plans to overhaul its entire portfolio of business processes, all with the aim to enhance and accelerate the customer experience. informally dubbed MyStory, which vastly reduces the time for customers to report a claim after an accident or incident.

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What is predictive analytics? Transforming data into future insights

CIO

Predictive analytics has captured the support of wide range of organizations, with a global market size of $12.49 Such models enable the assessment of either the promise or risk presented by a particular set of conditions, guiding informed decision-making across various categories of supply chain and procurement events.

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How CIOs reinterpret their role through AI

CIO

For Daniele Deligia, IT director of Italo-Nuovo Trasporto Viaggiatori, Italy’s first private operator of high-speed rail networks, the exchange of information between the CIO and other executives is good for business. These multinationals think on a global scale and work on a ‘one size fits all’ basis.

Banking 567
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IT leaders grapple with shadow AI

CIO

Despite its immense promise, generative AI can expose sensitive and proprietary information to public view. Consequently, Parsons settled on the use of data-loss prevention (DLP) tools to prevent data exfiltration via generative AI. That could lead to compromised intellectual property and regulatory penalties.

IT 588
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Regulatory uncertainty overshadows gen AI despite pace of adoption

CIO

I have enough fears about the fact we’re storing medical information. I’m not going to upload this information to another service. For example, in an HR application, an employee might be allowed to see their own salary information and benefits, but not that of other employees. I chose not to get into that,” he says. “I

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Assessing the impact of layoffs on Africa’s IT talent

CIO

In South Africa, and across Africa more broadly, IT skills shortages remain a far bigger concern than broad global layoffs, Goldstuck continues. Google’s CEO, Sundar Pichai, also summarised the harsh realities in his letter informing Googlers about its layoffs: “Over the past two years, we’ve seen periods of dramatic growth.

IT 325