According to a global survey conducted by McKinsey in 2021, 56% of financial institutions have embraced artificial intelligence (AI) in various operational aspects. This survey has shown a profound evolution within the industry, where AI is increasingly recognized as a catalyst for innovation and efficiency.
Continue reading “Transformative Effects of Artificial Intelligence on Financial Services”
According to World Health Organization (WHO), Medication errors alone cost an estimated US$ 42 billion annually. Unsafe surgical care procedures cause complications in up to 25% of patients resulting in 1 million deaths during or immediately after surgery annually.
Continue reading “Emergence of Virtual Reality (VR) in healthcare”
According to Allied Market Research, Global generative AI in the Healthcare market is projected to experience lucrative growth with a CAGR of 34.9% from 2023 to 2032. Generative AI in Healthcare is expected to reach $30.4B by the end of 2032.
Continue reading “The Role of Generative AI in Shaping the Future of Healthcare”
Over the last couple of years, artificial intelligence (AI) has been transforming just about every sector you can think of, and especially in its Generative AI form. It’s now widely recognized as a major driver f growth: according to Google research, 82% of organizations who currently use GenAI or are considering doing so believe that it will significantly change their industry.
However, there has been somewhat of a digital gold rush around AI, and many organizations have dived headlong into expensive AI investments without connecting the technology to practical and relevant use cases. With AI in business likely to become an even bigger driver of growth and competitive advantage in the months and years ahead, matching AI to the right areas and applications is critical.
This blog will take a look at applications of Generative AI for a range of business sectors, and give you an understanding of where you can direct your AI investment for the best possible benefit.
Continue reading “Explore Ciklum’s Guide to Practical Generative AI Examples”
Augmented reality, or AR, is not merely a buzzword anymore; it’s a transformative technology that’s reshaping the retail landscape. Augmented reality (AR) offers countless opportunities to improve the retail experience and spur company growth by seamlessly merging digital and physical aspects. Let’s delve into how augmented reality is revolutionizing the way we shop and providing unprecedented opportunities for success, from virtual try-ons to personalized recommendations.
Continue reading “Transforming Retail: Harnessing the Power of Augmented Reality”
