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Banks bet on AI to deliver digital efficiencies

CIO

In the face of shrinking budgets and rising customer expectations, banks are increasingly relying on AI, according to a recent study by consulting firm Publicis Sapiens. In addition, budget constraints were cited as an obstacle by 32% of executives.

Banking 212
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Lessons learned turning machine learning models into real products and services

O'Reilly Media - Data

Today, just 15% of enterprises are using machine learning, but double that number already have it on their roadmaps for the upcoming year. However, in talking with CEOs looking to implement machine learning in their organizations, there seems to be a common problem in moving machine learning from science to production.

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Application of advanced analytics and machine learning in the banking industry

Hacker Earth Developers Blog

According to the Global Banking Outlook 2018 study conducted by Ernst & Young, 60-80% of the banks are planning to increase investment in data and analytics and 40-60% plan to increase investment in machine learning. Analytics and machine learning on their own are mere buzzwords. Impact areas.

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5 hot IT budget investments — and 2 going cold

CIO

The numbers are higher from Foundry’s 2023 State of CIO survey , which finds that 91% of CIOs expect their tech budgets to either increase or stay the same in 2023. CIOs anticipate an increased focus on cybersecurity (70%), data analysis (55%), data privacy (55%), AI/machine learning (55%), and customer experience (53%).

Budget 218
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What’s holding back CIO’s AI strategies? Their own AI learning curve for one

CIO

But it’s important to understand that AI is an extremely broad field and to expect non-experts to be able to assist in machine learning, computer vision, and ethical considerations simultaneously is just ridiculous.” “A certain level of understanding when it comes to AI is required, especially amongst the executive teams,” he says.

Strategy 199
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CIOs are rethinking how they use public cloud services. Here’s why.

CIO

Cloud spending is going up and budgets are tightening, so theyre asking whats going on and how do we right this ship. Jeff Wysocki, CIO at mining firm Mosaic Company, acknowledges those budget-busting concerns, but he says CIOs may be able to work with their public cloud provider to get those costs under control.

Cloud 209
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TechCrunch+ roundup: 7 VCs who are taking pitches, AI best practices, zero-based budgeting

TechCrunch

Best practices for leveraging artificial intelligence and machine learning in 2023 Zero-based budgeting: A proven framework for extending runway Image Credits: Getty Images It’s critical to make every dollar count in this environment, but pulling back too much in the wrong places can reduce momentum across your entire organization.

Budget 230