Your daily source of all the latest AI innovations and advancements.
From Experimentation to Implementation: How AI is Proving Its Worth in Financial Services For financial institutions, the path to recovery from the pandemic signifies a shift from tentative experiments with artificial intelligence (AI) and machine learning (ML) to their extensive adoption. This crisis has pushed financial organizations to address customer needs round-the-clock. As a result,…
Industrial Transformation and the Path to Autonomy It may seem astonishing that a bullet train is operated by a human at the controls. Would you trust this individual to manage a train traveling at 300 miles per hour? In today’s technologically advanced landscape, critical industrial tasks such as inspections remain inefficient, expensive, and wasteful. An…
Automation’s Impact on the UK Job Market A recent forecast by Faethm AI indicates that over 1.4 million jobs in the UK could face automation within the current year. Faethm aims to prepare for the future of work by utilizing an AI engine, trained on extensive workforce data, to determine which jobs require reskilling or…
The CEO of BT has indicated that advancements in artificial intelligence could lead to further job reductions at the FTSE 100 telecom firm, which has already announced intentions to eliminate up to 55,000 positions. Two years prior, the company revealed plans to slash between 40,000 and 55,000 jobs as part of its strategy to transform…
AI News: Adapting with Innovative Technologies Transforming Contact Centres In the realm of technology adoption and enhancing service delivery, contact centres have been quietly leading the charge for many years. Few sectors have had to adjust so rapidly to meet the demands of modern, connected consumers. They have transitioned from traditional voice services to omnichannel…
Artificial Intelligence in Wealth Management The UK’s wealth management sector has seen remarkable growth recently, currently managing assets valued at approximately £948 billion, which is about 46% of the nation’s GDP. Given the significance of this industry, it’s no surprise that financial institutions and wealth management firms are eager to adopt cutting-edge AI technologies. This…
Research Highlights Impact of Automation on Business Revenues Recent research from the Centre for Economics and Business Research (CEBR), in collaboration with SnapLogic, reveals that automation significantly affects monthly revenues in UK businesses. Within just three months of investing in automation technologies, businesses in the UK experienced an average revenue boost of five percent, translating…
FlowForma: Transforming Business Processes with Automation FlowForma stands at the forefront of offering enterprise-grade, no-code business process management and automation tools. The company is committed to providing intuitive and cost-effective solutions that empower business professionals to operate more efficiently. As experts in business process management, automation, workflow, and digital transformation, FlowForma enables users across various…
Enterprise Research: The Impact of Data and Analytics A recent survey titled “The Business Intelligence Landscape,” commissioned by Sisense and conducted by The Harris Poll, reveals that businesses providing data and analytics gain a competitive edge, ultimately leading to enhanced revenue and customer loyalty. Despite this, the study also identifies significant hurdles. For instance, over…
NVIDIA Drops $40 Billion Acquisition Bid for Arm NVIDIA has officially decided to terminate its proposed $40 billion acquisition of British chip designer Arm. This decision comes after the deal faced scrutiny from global regulators, resulting in anti-competition investigations across several regions, including the UK, EU, and the US. In November 2021, the UK Digital…