” ‘Over 40 per cent of businesses believe that the model they’re using today will cease to exist in five years,’ says Clare Barclay, chief operating officer of Microsoft UK. Data from Microsoft’s Maximising the AI Opportunity report shows that early adopters of enterprise AI have already seen a five per cent improvement in productivity,…
Tag: Digital Transformation
Why everyone in the Financial Services Industry should be a change agent
“Emerging markets in Asia, in particular, have recently seen a spike of 60% increase in contactless payments, with an eightfold growth in paperless B2B payment flows. McKinsey says this physical-to-digital shift is set to accelerate even more this year. And FSI organizations need to ride the wave, or risk being left behind. Fundamentally, I see…
8 Ways Digital Banking Will Evolve Over the Next 5 Years
“The banking and fintech industries compressed roughly a decade of ecommerce innovation into a 10-month span. Advancements that were estimated to be years out may now emerge as the “new normal” within months. The future of banking will not only look different in regard to more rapid digital adoption, but also in terms of service…
Huawei Forecasts 97 pct of Large Enterprises to Implement AI
“The world is seeing a faster digital transformation —starting from massive use of artificial intelligence, or AI, to cloud adoption— following the Covid-19 pandemic. Shenzhen-based tech giant Huawei forecasts 97 percent of all large enterprises will implement AI by 2025. AI will also power 77 percent of all cloud applications. ‘The pandemic has pushed a…
How COVID-19 is accelerating adoption of new tech in Banking
“According to IDC, bank spending on consumer-facing technologies for branches and online services is forecast to grow; increasing from $31 billion in 2020 to $40 billion in 2024.The focus on niche technologies will help organizations to accommodate ever-changing transformation innovation. Growing investments in digitization, specifically AI, will play a key role in transforming the legacy…