IT consulting and services giant Accenture announced today that it would spend $3 billion on assets, startups, talent and partnerships aimed at staking out a leading position in the fields of generative and predictive AI. Beyond the raw investment of money, Accenture said that its data and AI practice will double in size, from 40,000…
Information is at the core of every business’s digital transformation. Managing it has gotten more and more challenging due to growing volumes of content, and the disparate and complex tools and systems. Intelligent information management is critical to the success of digital transformation initiatives like online ordering, omnichannel customer experience, remote work, and compliance mandates.…
A recent MarketsandMarkets study expects the global Intelligent Document Processing (IDP) market to grow at a compound annual gross increased rate (CAGR) of 37.5% from 2022 to 2027. This growth is being driven by the pressing need for organizations to process large volumes of semi-structured and unstructured documents, store them and access them securely, and…
Salesforce’s new AI Cloud has left many baffled over what it’s all about — how it is different from the competition, what’s new in the offering, and whether one should consider subscribing. Analysts predict there could only be a few takers for the pricey new offering. The Salesforce AI Cloud combines the company’s previously announced…
The pace of innovation is relentless. CIOs must watch for the next generation of emerging technologies because new software can go from the dreams of some clever coder to an essential part of every IT shop in the blink of an eye. Once wild and seemingly impossible notions such as large language models, machine learning,…
Bringing in consultants to understand organizational dysfunction and make plans to remedy it can be a smart CIO move. But sometimes the consultants end up choosing sides. When that happens your consulting investments end up compounding the felony. To understand how it happens and how to prevent it, see if you can find the common…
As chief digital officer of Kotak Mahindra Bank, Deepak Sharma has been instrumental in driving the bank’s digital transformation, future-ready initiatives, and business model innovation strategies. Leading from the front, Sharma has implemented various innovative technology projects such as WhatsApp Banking, 811, conversational banking bot, and open and connected banking. In a wide-ranging interview with…
The University of Auckland is eyeing up new academic research opportunities and strengthening student engagement with its newly launched Esports arena. The launch comes at an opportune time for the rapidly growing local gaming sector, with the New Zealand government announcing $160 million in last month’s budget to establish a 20% rebate for game developers.…
For years now, digital transformation has been a vital strategic initiative for many enterprises. In recent years, many organizations have made significant strides in their transformation efforts. However, persistent barriers have held many teams back. In fact, a report from Bain & Company found that over 90% of organizations have struggled with digital transformation—and only…
In an industry buffeted by constant pressure on margins, shifting trade patterns, and supply chain uncertainty, manufacturing companies are looking for any edge they can get. The good news? It can often be found in innovative uses of data. Here’s how manufacturers can harness data analytics to improve performance across three critical areas of their…