Clover Infotech brings to you a curated round-up of important technology news and updates –

1. Oracle Database@AWS announces General Availability, expands Networking Capabilities

AWS announced general availability of Oracle Database@AWS, launching a set of new AWS Networking capabilities that allow customers to easily build enterprise applications and services using Oracle Database@AWS. With this launch, customers can seamlessly connect their Oracle Database@AWS (ODB) networks with VPCs and on-premises networks and can establish secure access to AWS services natively from their ODB networks.…CONTINUE READING

2. Gartner Forecasts Worldwide End-User Spending on GenAI Models to Total $14.2 Billion in 2025

Worldwide end-user spending on generative AI (GenAI) models is projected to total $14.2 billion in 2025, according to Gartner, Inc. End-user spending on specialized GenAI models, which include domain-specific language models (DSLMs), is estimated to total $1.1 billion in 2025. Specialized GenAI models are trained or fine-tuned on industry or business process-specific data…CONTINUE READING

3. Banks Can Speed Access to Capital with New Oracle Trade and Supply Chain Finance Cloud Services

New Oracle Trade Finance and Supply Chain Finance cloud services are empowering banks to provide corporate and small- and medium-sized enterprise (SME) clients faster access to financing through streamlined trade processes. Oracle has introduced these new cloud services to unify operations and help manage the entire trade and supply chain finance lifecycles. The new trade finance service enables banks to streamline, automate, and manage trade finance operations across geographies and currencies, improving operational efficiency and visibility…CONTINUE READING

4. Gartner Predicts 80% of Enterprise Software and Applications Will Be Multimodal by 2030, Up from Less Than 10% in 2024

“The shift to multimodal enterprise software is a fundamental transformation in business operations and innovation,” said Roberta Cozza, Sr. Director Analyst at Gartner. “Multimodal generative AI (GenAI) will revolutionize enterprise applications by adding previously unattainable features and functionalities, impacting sectors like healthcare, finance, and manufacturing. By enhancing domain-specific language models, it will improve accuracy, automate operations, and…CONTINUE READING

5. Gartner Survey Finds 45% of Organizations With High AI Maturity Keep AI Projects Operational for at Least Three Years

Forty-five percent of leaders in organizations with high AI maturity said their AI initiatives remain in production for three years or more to ensure sustained impact and value, according to a survey by Gartner, Inc. This compares to only 20% in low-maturity organizations. The survey revealed that choosing AI projects based on business value and technical feasibility, along with establishing robust governance structures and engineering practices, ensures the longevity of AI projects in high-maturity organizations…CONTINUE READING

6. India’s Domestic IT Services Market Grows 7.2% in 2024, Fueled by Digital Transformation and GenAI Adoption

India‘s domestic IT & Business Services market reached USD 16.5 billion in 2024, growing 6.9% year-over-year (YoY), down slightly compared to 7.3% in 2023, according to the International Data Corporation’s (IDC) Worldwide Semi-annual Services Tracker. The continuing moderation in growth rate is due to the prevailing volatile macroeconomic conditions.…CONTINUE READING