article thumbnail

Want AI? Here’s how to get your data and infrastructure AI-ready

CIO Business Intelligence

This infrastructure must be suited to handle extreme data growth, especially with unstructured data. An estimated 90% of the global datasphere is comprised of unstructured data 1. And it’s growing rapidly, estimated at 55-65% 2 year-over-year and three times faster than structured data.

article thumbnail

By enabling “ask and expert” capabilities, generative AI like Microsoft Copilot will transform manufacturing

CIO Business Intelligence

In the automotive industry, for example, there were recalls of 300 different makes and models of car in the US in 2022 alone. Preparing data for an AI-centric world The benefits of Microsoft Copilot and other generative AI tools can only be achieved with a strong data foundation. This can be a major challenge.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Generative AI’s potential as a force multiplier in defense

CIO Business Intelligence

First, there is the need to properly handle the critical data that fuels defense decisions and enables data-driven generative AI. Organizations need novel storage capabilities to handle the massive, real-time, unstructured data required to build, train and use generative AI. billion by 2032.

article thumbnail

Real estate CIOs drive deals with data

CIO Business Intelligence

The only thing we have on premise, I believe, is a data server with a bunch of unstructured data on it for our legal team,” says Grady Ligon, who was named Re/Max’s first CIO in October 2022. billion in 2022, resource industries $82.1 billion in 2022, and personal and consumer services at $82.6

article thumbnail

Should finance organizations bank on Generative AI?

CIO Business Intelligence

According to MarketResearch.Biz , the financial services market for generative AI reached USD 847 million in 2022 and is poised to grow at a CAGR of 28.1% That’s because vast, real-time, unstructured data sets are used to build, train, and implement generative AI. And the finance industry is investing to do so. billion by 2032.

Finance 133
article thumbnail

Merck Life Sciences banks on RPA to streamline regulatory compliance

CIO Business Intelligence

By the time the project ended in December 2022, we had covered 23 geographies and 43 processes, including trade compliance, cross-country logistics, and regulatory management,” says Mahadev. Handling unstructured data and the decision-making process are the need of the hour. It took us two years to implement the solution.

article thumbnail

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

CIO Business Intelligence

Recent cyberattacks in the electricity sector have disabled remote controls for wind farms, disrupted prepaid meters due to unavailable IT systems and led to recurrent data breaches involving client names, addresses, bank account information and phone numbers.”