– “The metaverse will be positive for business, according to most respondents to an Accenture survey. – It will be “breakthrough” or “transformational”, 42% say. – This reimagining of the internet is one of four tech trends identified by Accenture. – The metaverse will be worth more than $1 trillion in annual revenues, according to…
Tag: Digital Transformation
How AI is changing the world of finance
“According to the OECD report on AI, ML, and Big Data in finance, global spending on AI is forecast to double for 2020-24, growing from $50 billion to more than $110 billion over four years. According to a 2020 JPMorgan study, over 60% of trades over $10 million were executed using algorithms. Moreover, the algorithmic…
Remote Work: Productivity Up, Innovation Down
“The pandemic presented unprecedented challenges for the workplace. For most, a decline in productivity wasn’t one of them; 39% of businesses actually reported an increase in productivity after shifting to remote work at the start of COVID-19. Despite a general consensus that innovation is key to adding value to a business, staying ahead of the…
Artificial intelligence is everywhere now. This report shows how we got here.
“The number of patent filings related to AI innovations in 2021 is 30 times greater than the filings in 2015 For image classification, the most popular database used to train AI models is called ImageNet. The cost to train it has come down as well, dropping by over 60 percent since 2018. Meanwhile, a system…
Walmart Embraced Irrationality And Won—Here’s What CX Innovators Can Learn From Its Success
“1. Shared pain points need out-of-the-box solutions. The most successful brands not only understand their customer journey from soup to nuts, but they also have their finger on the pulse of shared challenges—the ones that competitors have yet to solve. 2. Irrationality fuels innovation; insights inform design. As the saying goes, “Necessity is the mother…