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CIOs weigh where to place AI bets — and how to de-risk them

CIO Business Intelligence

There are a lot of risks and a lot of land mines to navigate,” says the analyst. Coming to grips with risk The first step in making any bet — or investment — is to understand your ability to withstand risk. The opportunity is too big. According to IDC , core IT spending for AI will grow from $235.6 billion in 2024 to $521.0

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Application Development Consulting Helps Companies Get the Most of AI

Smart Data Collective

The market for AI is growing due to its obvious benefits. Many of them have utilized many management programs but finding the most best application without the assistance of an experienced consultant can be a challenge. Some new consulting agencies specialize in helping companies select the best applications.

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How AI and IoT Solutions Can Improve Your Business

Smart Data Collective

Moreover, with the help of an AI development company , businesses can avoid unforeseen downtime, increase operational productivity, develop new services and products, and boost risk control. Benefits of AI and IoT in Businesses. The advantages of IoT and AI could be combined to reap the full benefits of both.

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How to build a successful procurement strategy

IBM Big Data Hub

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. This enables an effective and adaptive approach to sourcing that creates value and minimizes risk. Be flexible.

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8 pressing needs for CIOs in 2024

CIO Business Intelligence

“The most pressing responsibilities for CIOs in 2024 will include security, cost containment, and cultivating a data-first mindset.” Building and deploying intelligent automation CIOs will need to operate more efficiently by accelerating the benefits of automation.

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Top financial services trends of 2024

IBM Big Data Hub

Since AI has an ability to find trends in data, AI helps insurers create personalized products which could lead to more accurate risk assessments and ease insurance costs for individuals. Mitigation efforts and having the proper risk management tools will be vitally important as threats increase.

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3 areas where gen AI improves productivity — until its limits are exceeded

CIO Business Intelligence

But the biggest benefit was to new and lower-skilled workers, who saw a 34% improvement. In February, McKinsey released the results of a survey showing that 84% of telcos using gen AI for customer services were seeing cost savings, and 45% of them reduced costs by 6% or more.

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