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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.

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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.

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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. Webster Bank is following a similar strategy. “We want to maintain discipline and go deep.” It compresses years of work into months — sometimes days, Rau says.

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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.

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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.

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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.

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GeekWire Summit Preview: A glimpse of the future of tech, health, education, jobs and more

GeekWire

Dr. Melanie Ivarsson, chief development officer at Moderna, one of the major pharmaceutical companies with a vaccine candidate in Phase 3 tests. Bank of America main stage: Leadership in Tumultuous Times: How Organizations Can Embrace Civic Responsibility. Bank of America Main Stage: Fireside chat with Peter Kern, CEO of Expedia Group.

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