Remove 2021 Remove Modeling Remove Risk Remove Uncertainty
article thumbnail

Regulatory uncertainty overshadows gen AI despite pace of adoption

CIO Business Intelligence

Gen AI has the potential to magnify existing risks around data privacy laws that govern how sensitive data is collected, used, shared, and stored. We’re getting bombarded with questions and inquiries from clients and potential clients about the risks of AI.” The risk is too high.” Not without warning signs, however.

article thumbnail

IT spending projected to grow despite economic headwinds

CIO Business Intelligence

The 3% increase in total IT spending represents slower growth than in 2021, as the economy as a whole and the IT sector in particular began to recover from the effects of the pandemic, and growth will largely be driven by cloud services and the data center, Gartner said. trillion, according to projections released by Gartner Research.

IT 144
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Climate change predictions: Anticipating and adapting to a warming world

IBM Big Data Hub

Climate models provide answers Human activities precipitated changes to the Earth’s climate in the 20th century and will largely determine the future climate. Global climate models have given climate scientists a set of expectations as to what the future could hold, both for the Earth at large and for specific regions.

Modeling 124
article thumbnail

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

CIO Business Intelligence

While international conflict, economic uncertainty and climate change are affecting businesses of all kinds, energy companies and utilities are also dealing with aging infrastructure, constant cyberattacks, increased regulation and rising customer expectations. And by 2028, the AI spend is likely to more than quadruple to 14.257 billion USD.

article thumbnail

Understanding Innovation as a Large, Well-established Enterprise

CIO Business Intelligence

Noteworthy companies like Airbnb, Uber, and Apple innovated through major technology breakthroughs, but innovation doesn’t have to be a completely new business model. A 2021 analysis from McKinsey found that the world’s 50 most innovative public companies hold innovation as a central value three times more often than other companies.

article thumbnail

Are You Using a Cloud Experience to Boost Business Value?

CIO Business Intelligence

As you navigate the intricacies of workload placement, you face many challenges such as: Economic uncertainty (the market is whipsawing); deficit in IT talent (do you honestly recall a time this wasn’t an issue?); A Cloud Experience Boosts Business Value As it happens, an as-a-Service model can help deliver the cloud experience you seek.

ROI 127
article thumbnail

Transforming FSI in ASEAN with Cloud Analytics

CIO Business Intelligence

Right from the start, auxmoney leveraged cloud-enabled analytics for its unique risk models and digital processes to further its mission. Much of this reluctance stems from the regulatory environment, arising from lengthy reviews and approvals processes, or even simple near-term regulatory uncertainty. .