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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 104
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Addressing cloud waste: 4 steps to cloud computing cost optimization

CIO Business Intelligence

By: Scott Sellers , Co-Founder and CEO, Azul From the get-go, the cloud promised to help companies scale up their architectures in seconds, run their applications faster, never turn away a transaction, and save money through economies of scale. Every company is different based on its industry, its available resources, and its needs.

Cloud 122
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Prioritizing AI? Don’t shortchange IT fundamentals

CIO Business Intelligence

Fundamentals like security, cost control, identity management, container sprawl, data management, and hardware refreshes remain key strategic areas for CIOs to deal with. But rapid hardware advances may mean CIOs need to budget for much shorter hardware refresh cycles in future to stay up to date.

Hardware 143
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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. zettabyes in 2020 to 51 zettabytes in 2025. It also requires hard drives to provide reliable long-term storage. Thus, the storage architecture can be optimized for performance and scale.

Data 116
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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. Yet there’s no singular, one-size-fits-all framework for secure data storage and management.

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Secure data-first modernization? Leverage a trusted ecosystem of partners

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. Yet there’s no singular, one-size-fits-all framework for secure data storage and management.

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Navigating tomorrow: Role of AI and ML in information technology

Dataconomy

According to a 2023 report from Rackspace Technology , 72% of surveyed companies use AI and ML as part of their IT and business strategies, and 69% consider them the most important technology. These companies are using AI and ML to improve existing processes, reduce risks, and predict business performance and industry trends.