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Innovative data integration in 2024: Pioneering the future of data integration

CIO Business Intelligence

According to a recent report by InformationWeek , enterprises with a strong AI strategy are 3 times more likely to report above-average data integration success. Additionally, a study by McKinsey found that organisations leveraging AI in data integration can achieve an average improvement of 20% in data quality.

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Digital Twin Use Races Ahead at McLaren Group

CIO Business Intelligence

Cloud-connected cars are now commonplace in the mainstream connected car market that is forecast to surpass $166 billion by 2025. For businesses like the McLaren Group, these two trends are at the core of the conglomerate’s digital transformation and competitive strategy, on and off the track. . billion by 2030.

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Why Financial Services Firms are Championing Natural Language Processing

CIO Business Intelligence

In business, when a trend is forecast to grow by more than 3000% and generate cost savings of $7.3 Research by the Economist Intelligence Unit found that 86% of financial services firms plan to increase their AI-related investments through 2025. . by 2025, according to IDC. NLP will account for $35.1 IT Leadership

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NLP Isn’t Enough. Leading Financial Services Companies Are Now Moving to Conversational AI.

CIO Business Intelligence

According to IDC , worldwide spending on AI will likely top $204 billion by 2025. Juniper Research forecasts that in 2023 the global operational cost savings from chatbots in banking will reach $7.3 Ready to evolve your analytics strategy or improve your data quality? Just starting out with analytics?

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Why Finance Teams are Struggling with Efficiency in 2023

Jet Global

And on the other, internal pressures like the need for more frequent, accurate forecasting force CFOs to re-evaluate their existing tools and processes. last year with no signs of slowing down–a return to a steady interest rate isn’t expected until 2025. In addition to this economic squeeze, skills shortages are still a key challenge.

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The Rise of Unstructured Data

Cloudera

The International Data Corporation (IDC) estimates that by 2025 the sum of all data in the world will be in the order of 175 Zettabytes (one Zettabyte is 10^21 bytes). Most of that data will be unstructured, and only about 10% will be stored. Data curation. Less will be analysed.

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7 Advantages of Using Encryption Technology for Data Protection

Smart Data Collective

Indeed, encryption alone does not guarantee this, but it’s something you can and should use as part of an overall strategy. If you trust the data, it’s easier to use confidently to make business decisions. Slightly less (42%) mentioned having a limited encryption strategy used for certain applications or types of data.