Remove 2025 Remove Company Remove Data Center Remove Hardware
article thumbnail

Capital spending soars in the cloud as Microsoft, Google, and others bet big on AI demand

GeekWire

These servers inside a Microsoft data center in Quincy, Wash., were the first to be powered by the company’s Azure Cobalt 100 CPU, as part of a broader cloud infrastructure buildout. The big question, long-term, is whether demand for AI services will be worth the investment for each company. billion in revenue.

Microsoft 116
article thumbnail

NLP Isn’t Enough. Leading Financial Services Companies Are Now Moving to Conversational AI.

CIO Business Intelligence

Today, most banks, insurance companies, and other kinds of financial services firms have deployed natural language processing (NLP) tools to address some of their customer service needs. According to IDC , worldwide spending on AI will likely top $204 billion by 2025. Good for customers, good for companies.

Financial 105
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

4 Tips for Processing Real-Time Data

CIO Business Intelligence

Several factors make such scaling difficult: Massive Data Growth: Global data creation is projected to exceed 180 zettabytes by 2025. Real-time Analytics: The amount of real-time data in the global datasphere will grow from 9.5 zettabyes in 2020 to 51 zettabytes in 2025. Real-World Results for Real-time Data.

Data 116
article thumbnail

Sustainable IT: A crisis needing leadership and change

CIO Business Intelligence

The rapid expansion of the Internet of Things (IoT), fueled by generative AI, is putting increasing pressure on data centers worldwide. billion by 2025 , it’s critical that we understand the environmental consequences caused by big tech. This aspect is about data usage, privacy, and responsible technology innovation.

Energy 98
article thumbnail

Partnering on Strategies for Data-First Modernization

CIO Business Intelligence

As companies lean into data-first modernization to deliver best-in-class experiences and drive innovation, protecting and managing data at scale become core challenges. Given the diversity of data and range of data-inspired use cases, it’s important to align with a robust partner ecosystem.

article thumbnail

Dimension Data: Dedicated to Making the Greatest Impact on the Planet, the Economy and the Communities it Serves

CIO Business Intelligence

Whether it is using the Internet of Things (IoT) to help prevent poaching with its Connected Conversation initiative or using excess heat from its data center in Berlin to help heat the surrounding community, Dimension Data is well-known for innovation. It is an effort that he stresses cannot be done alone. “We

Data 94
article thumbnail

Why Financial Services Firms are Championing Natural Language Processing

CIO Business Intelligence

But only in recent years, with the growth of the web, cloud computing, hyperscale data centers, machine learning, neural networks, deep learning, and powerful servers with blazing fast processors, has it been possible for NLP algorithms to thrive in business environments. by 2025, according to IDC. NLP will account for $35.1