Remove Artificial Intelligence Remove Banking Remove Business Intelligence Remove Pharmaceuticals
article thumbnail

Generative AI usage gains traction among enterprises: McKinsey

CIO Business Intelligence

Artificial Intelligence, Enterprise Applications, Generative AI In contrast, manufacturing-based industries, such as aerospace, automotive, and advanced electronics could experience less disruptive effects due to limitations of the new technology’s usage in these industries as most work requires physical labor, the report said.

article thumbnail

How Nvidia became a trillion-dollar company

CIO Business Intelligence

Nvidia’s transformation from an accelerator of video games to an enabler of artificial intelligence (AI) and the industrial metaverse didn’t happen overnight—but the leap in its stock market value to over a trillion dollars did. Nvidia says its hardware, software, and services can cut early-stage drug discovery from months to weeks.

Company 98
Insiders

Sign Up for our Newsletter

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

article thumbnail

AI adoption accelerates as enterprise PoCs show productivity gains

CIO Business Intelligence

To be successful, an AI proof of concept (PoC) project also needs to make good business sense, says CIO Vikram Nafde, CIO at Connecticut-based Webster Bank. The cost of implementing and running AI models can be quite high, so you have to be really careful in assessing the business worthiness of AI use cases,” he says.

article thumbnail

6 business risks of shortchanging AI ethics and governance

CIO Business Intelligence

Depending on which Terminator movies you watch, the evil artificial intelligence Skynet has either already taken over humanity or is about to do so. The bank wound up having to go back to the training data set and track down and remove all those other data points, a process which set them back several months.

article thumbnail

Lufthansa’s digital future takes flight with ‘Digital Hangar’

CIO Business Intelligence

Banking on product-based IT To develop the next generation of customer services, Lufthansa’s Digital Hangar has adopted new business operating models popular among organization’s pursuing digital transformation, Spannbauer says. Spannbauer and Lufthansa Group were attracted to Barcelona for many of the same reasons as their peers.

Airlines 123
article thumbnail

What is predictive analytics? Transforming data into future insights

CIO Business Intelligence

The technology helps adopters in fields as diverse as finance, healthcare, retailing, hospitality, pharmaceuticals, automotive, aerospace, and manufacturing. Regression techniques are often used in banking, investing, and other finance-oriented models.

Data 143
article thumbnail

New CIO appointments in India, 2022

CIO Business Intelligence

Vakrangee, a Mumbai-based provider of banking and e-governance services, has appointed Prashanth Thakur as senior vice president and head of technology and digital. At Vakrangee, he will be responsible for managing the technology stack, automation, tech operations and digitization of key businesses in the organization. January 2022.