Generative AI (GenAI) stories - Page 11

At least 30% of generative AI (GenAI) projects will be abandoned after proof of concept by the end of 2025, due to poor data quality, inadequate risk controls.

A WalkMe survey uncovers significant gaps in Generative AI adoption among professionals, with over half of surveyed companies reporting minimal or no use of the technology.

Checkmarx's global study reveals that 99% of development teams utilise AI for code generation yet face significant security concerns.

Despite rising cybersecurity investments, a new Appsbroker CTS survey reveals a growing sense of insecurity among UK's IT leaders, with 87% losing sleep over cyber risks.

AI is set to overhaul customer service, according to Zendesk's latest report, which foresees radical industry changes driven by advanced AI within three years.

New research by Foundry and Keepit reveals that 30% of firms lack data recovery plans for financial systems, exposing critical vulnerabilities in enterprise IT.

Hitachi Vantara's new Hitachi iQ portfolio, featuring AI-ready infrastructure and solutions, is now available worldwide.

Organisations are significantly boosting their generative AI investments, with nearly a quarter now integrating the technology, up from 6% in 2023.

NVIDIA introduces AI Foundry with Llama 3.1 models and NIM microservices, aiming to boost generative AI capabilities for enterprises, with Accenture as the first adopter.

Salesforce and Workday team up to offer an AI-powered employee service agent, leveraging unified HR and CRM data to enhance productivity and simplify routine tasks.

A new report reveals CFOs and CIOs in ANZ are tightening collaborations to ensure technology investments deliver tangible business results.

Australia ranks fourth globally in GenAI adoption, trailing only China, the UK, and the US, with 63% of local organisations embracing the technology.

DBS to launch in-house developed Gen AI-powered CSO Assistant by late 2024 to boost customer service efficiency for 250,000+ monthly users.

LG Electronics bolsters its smart factory solutions, integrating AI and digital transformation to enhance efficiency and expand its client base beyond the LG Group. PRI anticipates KRW 200 billion in orders.

A new NTT DATA UK&I survey reveals that life science leaders are most concerned about cyber-attacks for espionage, while seeing AI as a major revenue opportunity.

Accenture's new report highlights a surge in change management investments, with 96% of global firms planning to allocate over 5% of revenue to change initiatives, yet readiness lags behind.

Commvault appoints Pranay Ahlawat as its first Chief Technology and AI Officer, aiming to enhance cyber resilience through advanced AI innovations amid rising cyber threats.

Andrew Foot of Dynatrace has discussed their cloud migration progress and strategic successes, with a whopping $1.5 billion in annual recurring revenue.

The Australian IaaS market surged by 20.76% in 2023 to reach AUD $3.3 billion, with Microsoft dethroning Amazon as the leading provider, Gartner reports.

Financial services institutions plan to raise IT modernisation spending by 33% in 2024 despite concerns about meeting the data demands of generative AI.