“In a recent survey, 80% of U.S. enterprises said they accelerated their AI adoption over the past two years. A majority consider AI to be important in their digital transformation efforts and intend to set aside between $500,000 to $5 million per year for deployment efforts. Organizations were projected to invest more than $50 billion…
Tag: Cloud
AI adoption sees ‘massive shift,’ Accenture exec says
“While the adoption rate varies between businesses, a majority of them — 95% in a recent S&P Global report — consider AI to be important in their digital transformation efforts. The global public cloud computing market is set to exceed $362 billion in 2022, according to Statista, and IDG reports that the average cloud budget…
Preparing Your Credit Union for Unforeseen Events
“Back in February, areas around the country were severely impacted by inclement weather. In Texas alone, 3.5 million people went without power for several hours in freezing temperatures. With frequent power and internet outages and most people still working from home, credit unions across the U.S. struggled to operate and meet their members’ needs. AI…
The 5 Hottest Technologies In Banking For 2021
“In Cornerstone’s What’s Going On in Banking 2021 study, the top five technologies for 2021 are: 1) Digital account opening; 2) Application programming interfaces (APIs); 3) Video collaboration; 4) P2P payments; and 5) Cloud computing. Nearly half—44%—of banks and a quarter of credit unions expect to add a new or replacement consumer digital account opening…
2021 Fintech Predictions – Finextra
“With competition reaching critical mass in the banking industry in recent years, agility is essential in being able to compete and drive new products quickly to market. A bank can no longer decide to forgo modernisation and cloud adoption, unless they are open to the risk of becoming overtaken and obsolete. COVID-19 has plunged banks…