AI spending will rise over $US46 Billion by 2026

AI Solutions have become an essential part of process improvement Asia/Pacific spending on AI systems (including hardware, software, and services) will rise from $US20.6 billion in 2022 to around $US46.6 billion in 2026, according to IDC’s latest Worldwide Artificial Intelligence Spending Guide. Artificial intelligence (AI) solutions have become an essential part…

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Australians less likely to embrace Metaverse for work

Business professionals are concerned about costs and network reliability. A new global study commissioned by Ciena has revealed that 70% of Australian business professionals surveyed would participate in work meetings in the metaverse, trailing the global average of 78%. According to the study, concerns around the associated costs and reliability of the underlying network…

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Data management is critical for successful AI adoption featured

The findings of the report are based on a survey of 600 global CIOs, CDOs, and CTOs A new survey report by MIT Technology Review Insights highlights AI and data management as essential pillars to enterprise success but found that the majority of survey respondents cited data mismanagement as a…

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Artificial intelligence spending grew 20.7 per cent worldwide in 2021

AI software captures the largest share of AI spending Worldwide revenues for the artificial intelligence (AI) market, including software, hardware, and services for both AI centric and AI non-centric applications*, totalled $US383.3 billion in 2021, an increase of 20.7 per cent over the prior year, according to the most recent…

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NLP is the next frontier in understanding people

Language has long been seen as a source of truth for personality Sapia Labs, the R&D arm of global AI company Sapia.ai, has published ground-breaking research showing the power of Natural Language Processing (NLP) to accurately infer personality traits via text-based structured interviews. This latest research, Explainable Personality Prediction Using Answers…

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Conversational AI will reduce contact centre agent labour costs

Spending to reach nearly $US2 billion in 2022 By 2026, conversational artificial intelligence (AI) deployments within contact centres will reduce agent labour costs by $US80 billion, according to Gartner, Inc. Worldwide end-user spending on conversational AI solutions within contact centres is forecast to reach $US1.99 billion in 2022. “Gartner estimates…

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One million Indonesians turn to AI

KUPU’s AI-powered recruitment app bridges the growing employment gap KUPU, an AI-driven platform that matches job seeker profiles to recruiters via dynamic skill-based profile scanning, reveals that over one million Indonesians have signed up to its job matching service in the first ten months since its launch. The new service, developed…

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Singapore strengthens its role as a 5G regional innovation hub

More businesses to innovate and commercialise 5G solutions 5G enables technologies such as AI, Digital Twin, augmented and extended reality (XR) to seamlessly work together, key for businesses at the forefront of digital transformation and providing consumers with a better-quality experience. In advancing Singapore’s 5G ecosystem, the Infocomm Media Development…

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2023 Women in AI Awards: Dates announced

Encouraging profile equity and providing a platform for recognition The annual Women in AI Awards for 2023 will be held in Sydney at the Art Gallery of NSW, on Friday June 16th, 2023. The awards honour women working, leading, creating, researching, or innovating across private and public sectors in the critical field…

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