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Banks bet on AI to deliver digital efficiencies

CIO

The Global Banking Benchmark Study 2024 , which surveyed more than 1,000 executives from the banking sector worldwide, found that almost a third (32%) of banks’ budgets for customer experience transformation is now spent on AI, machine learning, and generative AI.

Banking 212
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CIOs’ lack of success metrics dooms many AI projects

CIO

In a September IDC survey , 30% of CIOs acknowledged they didn’t know what percentage of their AI POCs met target KPI metrics or were considered successful. Meanwhile, about 70% of those surveyed by IDC in September said nine of every 10 custom-built AI apps failed to clear the POC stage and go into production.

Metrics 187
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9 IT resolutions for 2025

CIO

Not the type to be satisfied with the status quo, they have set big goals for themselves in the upcoming year, according to countless surveys of IT execs. Kenney plans to partner with commercial off-the-shelf software providers to facilitate a proof-of-concept of their out-of-the-box functionality. CIOs are an ambitious lot.

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Capitalizing on Artificial Intelligence Opportunities

CIO

Artificial intelligence (AI) has become a hot topic for countries worldwide, and both public- and private-sector organizations have already started leveraging it as a response to continuous digital disruption. According to IDC’s 2022 Artificial Intelligence Spending Guide , global AI spending reached $88.6

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Capitalizing on Artificial Intelligence Opportunities

CIO

Artificial intelligence (AI) has become a hot topic for countries worldwide, and both public- and private-sector organizations have already started leveraging it as a response to continuous digital disruption. According to IDC’s 2022 Artificial Intelligence Spending Guide , global AI spending reached $88.6

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What to expect from AI in the enterprise in 2025

CIO

But this isnt intelligence in any human sense. This year saw the initial hype and excitement over AI settle down with more realistic expectations taking hold. Central to this is a realization among many corporate users that theres no I in AI so far anyway. Michael Hobbs, founder of the isAI trust and compliance platform, agrees.

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Hugging Face collaborates with Microsoft for new AI-powered Azure service

TechCrunch

Fresh off a $100 million funding round , Hugging Face, which provides hosted AI services and a community-driven portal for AI tools and data sets, today announced a new product in collaboration with Microsoft. ” “The mission of Hugging Face is to democratize good machine learning,” Delangue said in a press release.

Azure 246