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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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What to expect from AI in the enterprise in 2025

CIO

This year saw the initial hype and excitement over AI settle down with more realistic expectations taking hold. This is particularly true with enterprise deployments as the capabilities of existing models, coupled with the complexities of many business workflows, led to slower progress than many expected.

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6 technologists discuss how no-code tools are changing software development

TechCrunch

Blockchain gaming survey: 7 investors discuss regulation, opportunities and NFT hype. As we learned from our last survey of investors active in the space earlier this month , the technology democratizes access to modern software development, but there are still some kinks to iron out. More posts by this contributor.

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Extra Crunch roundup: cohort analysis, YC Demo Day recaps, building your supply chain

TechCrunch

To compete with retail banks, many newcomers are offering customers credit and debit cards ; developer-friendly APIs make issuance relatively easy, and tools for managing processes like KYC are available off the shelf. Use discount code ECFriday to save 20% off a one- or two-year subscription. Anu Muralidharan, COO, Expensify.

Analysis 237
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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