Four visionary leaders from diverse industries and backgrounds took the stage at AWS re:Invent 2024 to share how they are using the power of generative AI and cloud technology to push the boundaries of what's possible and create innovative products for healthcare, sports, art and accessibility.
Indian enterprises plan to boost IT spending to $160 billion in 2025, with software spending rising by 17%. CIOs will prioritize cybersecurity, business intelligence and data analytics, while dedicating new budget lines to generative AI implementations.
The payments industry, which has operated on established frameworks for decades, is adapting - or forced to adapt - to a new kind of intelligence. For industry heavyweights Visa and Mastercard, AI is becoming a tool to drive fraud detection, customer experience and operational agility.
Organizations move from data-first to AI-first strategies as generative AI models demonstrate significant accuracy improvements, said Dr Shivani Rai Gupta, chief data scientist at Jio. Success requires balancing quick wins with long-term investment while ensuring data integration.
Agentic AI is on the rise. AI agents can now be deployed in minutes, and early adopters such as Saks, Wiley and OpenTable have already implemented Agentforce to transform and enhance organizational operations.
Global banks invest billions in artificial intelligence as JPMorgan Chase reports $2 billion in AI-driven value. The 2024 Evident AI Index reveals how 50 major banks compete through talent, innovation and ethical AI practices, reshaping the future of financial services.
$17 billion. That's how much JP Morgan dedicated to its technology budget in 2024. It's the highest ever from a financial firm, albeit one that itself is worth more than $600 billion. This budget places JP Morgan at the forefront of tech investment among global financial institutions.
Muhammad Ali Bhikhan, CIO of Absa's regional operations, shares how the group is redefining banking across Africa using digital innovation, cloud adoption and AI-powered cybersecurity while addressing regulatory and infrastructural challenges.
The World Economic Forum urged organizations to adopt a more adaptive "resilience by design" approach as AI and quantum computing reshape the cyberthreat landscape, moving beyond traditional security measures.
Meta's open-source release of Llama models, including the multimodal Llama 3.2, sparks industrywide interest. The strategy focuses on making AI more accessible while fostering global collaboration for enterprise applications.
Leadership needs to shift their perspective from an "inside-out" view of managing information systems to an "outside-in" view of understanding the business model, opportunities and threats to enable platforms in their true sense, according to Sangeet Paul Choudary, founder of Platformation Labs.
Data center providers are exploring new thermal management solutions, including dipping servers in oil, running cool water through copper pipes to racks and chips, and rear heat exchangers, to cool their servers and GPUs/CPUs. Their goal is to reduce PUE and power consumption in data centers.
From food delivery to financial trading, real-time data streaming is reshaping how businesses operate. With 51% of IT leaders now prioritizing data streaming platforms, it can help businesses make fast, data-driven decisions without the lag of traditional data processing.
Ambience Healthcare is transforming clinical workflows using AI-driven automation. By integrating seamlessly with EHR systems, the platform reduces administrative tasks, alleviates physician burnout and enables more personalized patient care, especially in rural areas.
While expectations loom high for AI and generative AI, scaling AI projects remains a major challenge for organizations, with the failure rate reaching up to 80%. Unclear business value, poor data quality and escalating project costs are some reasons why AI projects fail.
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