article thumbnail

Powering the future: How Gen AI and AI illuminate utility companies

CIO Business Intelligence

While international conflict, economic uncertainty and climate change are affecting businesses of all kinds, energy companies and utilities are also dealing with aging infrastructure, constant cyberattacks, increased regulation and rising customer expectations. And by 2028, the AI spend is likely to more than quadruple to 14.257 billion USD.

Company 137
article thumbnail

Future-Proofing Your Business with Hyperautomation

CIO Business Intelligence

However since then great strides have been made in machine learning and artificial intelligence. Another research company, Mordor Intelligence, is forecasting annual CAGR of 19.8 percent to 2028, taking the value of the market for hyperautomation tools and services to $US26.67b. This is hyperautomation.

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Steps Gerresheimer takes to transform its IT

CIO Business Intelligence

This not only frees up IT time and resources to focus more on supporting business operations, but is intended to generate greater added value for business processes and company success. “We The goal is to optimize around 70% of the processes in the specialist departments at the 54 locations by 2028. We want to avoid that.”

SAP 105
article thumbnail

This startup aims to improve recycling by capturing ‘chemical fingerprints’ with high-tech cameras

GeekWire

The startup has created technology using hyperspectral cameras and artificial intelligence (AI) to rapidly identify and sort plastics for recycling. The company’s technology currently is being used by one of B.C.’s The company launched in 2018 and has 11 employees. Metaspectral also closed a $4.7

Chemicals 114
article thumbnail

‘Just watch us’: Gates-backed TerraPower is bullish on being the first next-gen nuclear plant in U.S.

GeekWire

companies developing the downsized reactors, but other lead contenders have recently stumbled in their pursuits. This month, the company expects to submit to the Nuclear Regulatory Commission an application for the certification of its Natrium reactor , which it developed with GE Hitachi Nuclear Energy. lab facility.

Energy 144
article thumbnail

What is predictive analytics? Transforming data into future insights

CIO Business Intelligence

The report projects the market will reach $38 billion by 2028, growing at a compound annual growth rate (CAGR) of about 20.4% from 2022 to 2028. The company has created the Sales Intelligence Platform, which combines retailer data with PepsiCo’s supply chain data to predict out-of-stocks and alert users to reorder.

Data 145
article thumbnail

5 Digital Publishing Strategies to Drive Growth in 2024

Kitaboo

In this context, it is of immense importance for publishing companies to stay tuned to emerging trends. Interestingly, the AR/VR market is predicted to grow at an annual CAGR of 10.77% from 2024 to 2028. This provides a great scope for you to make strategic moves in this arena and gain the advantages of being a first mover.