European IT spending forecasted to grow 9.3% next year
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IT spending in Europe will total $1.1 trillion in 2024, an increase of 9.3% from 2023. IT spending in Europe is on pace to surpass $1 trillion by the end
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Researchers test if Generative AI can make forecasts
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Markets are amazed by the potential of generative artificial intelligence. Well trained, it can give correct search answers in a wink. But can it make forecasts? A test made by
Developing innovative business models for GenAI
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While technology is a source of advantage, it is the business model that will help businesses monetize generative AI and drive lasting competitive advantage. By 2024, 33% of the world’s
Study of job ads shows booming market for AI technicians
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There is a lack of AI technicians. 2015-2022, AI jobs globally grew 9 times for Tech-AI jobs and 11.3 times for Broad-AI ones, while IT sector jobs rose 3.7 times
Biden publishing executive order on safe AI days before Sunak’s AI summit
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World leaders are competing in promoting safe artificial intelligence. Just days before the UK prime minister, Rishi Sunak, is hosting what has been described as the world’s first AI summit,
Global forecast shows strong investment in AI but also risks for uncontrolled cost increases
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Worldwide spending on AI solutions will grow to more than $500 billion in 2027. Most organizations will increase technology investments toward AI implementation and adoption of AI-enhanced products/services but there
NFTs future after the hype
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There is no NFT hype anymore but research shows that major brands see a potential value in the technology. NFTs have the potential to create novel and innovative ways to
Explainable AI makes both humans and machines perform better
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We have been introduced to AI and GenAi. Now it’s time to learn a new abbreviation: XAI, short for “explainable AI”. It will make both humans and machines perform at
How spending on GenAI beats all other IT investments
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The explosive adoption of generative artificial intelligence means that enterprises will invest nearly $16 billion worldwide on GenAI solutions in 2023. This spending is expected to reach $143 billion in
Risk management of AI one of top tech trends for 2024
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The rapid adoption of artificial intelligence stresses the importance of risk and security management. “Without guardrails, AI models can rapidly generate compounding negative effects that spin out of control, overshadowing