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Monthly TechNews RoundUp: Oracle’s New AI Capabilities Helps Organizations Boost Sales, 90% of companies plan to boost investments in Digital, Forrester’s GenAI Tool Izola Now Available and more

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Clover Infotech brings to you a curated round-up of important technology updates for the month of April’24:

#1 New Oracle AI-powered Cloud Service Helps Banks Mitigate Anti-Money-Laundering Risks

Oracle Financial Services Compliance Agent identifies and remediates vulnerabilities to lessen banks AML threats and improve evidence-based decisions to mitigate model risk. With $5.05 trillion expected to be laundered this year alone, banks are struggling to keep up with the cost and complexity of compliance. To help address this massive challenge, Oracle Financial Services introduced Oracle Financial Services Compliance Agent…CONTINUE READING

#2 Gartner Forecasts Worldwide IT Spending to Grow 8% in 2024

Worldwide IT spending is expected to total $5.06 trillion in 2024, an increase of 8% from 2023, according to the latest forecast by Gartner, Inc. This is an increase from the previous quarter’s forecast of 6.8% growth and puts worldwide IT spending on track to surpass $8 trillion well before the end of the decade. “With spending on IT services on track to grow by 9.7% to eclipse $1.52 trillion, this category is on pace to become the largest market that Gartner tracks,” said John-David Lovelock, Distinguished VP Analyst at Gartner…CONTINUE READING

#3 Oracle Introduces New AI Capabilities to Help Organizations Boost Sales

Oracle announced new artificial intelligence (AI) capabilities within Oracle Fusion Cloud Customer Experience (CX) to help marketers, sellers, and service agents accelerate deal cycles. The new AI capabilities will help organizations generate more sales faster by automating time-consuming tasks and enabling front office professionals to more precisely target, engage, and serve buyers…CONTINUE READING

#4 Gartner Announces the Top Government Technology Trends for 2024

Gartner identified the top five government technology trends for 2024 that can guide public sector leaders to deliver better, faster and increasingly more cost-effective citizen services. “Escalating global turmoil, continual cyber threats and the adoption of AI are putting increasing pressure on governments to meet citizen demands faster and more creatively than ever before,” said Todd Kimbriel, VP Analyst at Gartner…CONTINUE READING

#5 Oracle Protects Healthcare Customers Against Cyberattacks

In the nearly two years since the Cerner acquisition, Oracle has invested tens of thousands of engineering hours and millions of dollars to enhance its core clinical applications and improve cybersecurity for its customers in the healthcare industry. As part of this investment, Oracle has helped more than 1,000 Oracle Health EHR customers dramatically strengthen their defenses against cybercrime by supporting their migration to Oracle Cloud Infrastructure (OCI)…CONTINUE READING

#6 90% of companies plan to boost investments in key digital tech areas in 2024: Nasscom Report

At least 71 per cent of enterprises have spent over 20 per cent of their tech spends on digital in CY23. Moreover, nearly 90 per cent of companies have signaled plans to boost investments in key digital technology areas in 2024, including AI/machine learning (AI/ML), big data analytics, cloud computing, cybersecurity and intelligent automation, according to Nasscom report…CONTINUE READING

#7 Forrester’s Generative AI Tool, Izola, Now Available to All Forrester Decisions Clients

Forrester recently announced the availability of its Generative AI tool, Izola, for all Forrester Decisions clients. As GenAI fundamentally reshapes the way individuals interact with information, Izola is designed to help Forrester’s clients accelerate progress on their top initiatives through a rapid synthesis of Forrester’s research, data, and insightsCONTINUE READING

#8 India’s Tech Sector Revenue to Grow 3.8% Y-o-Y to $254 Billion

India continues to lead the global technology sector despite global economic uncertainties, according to Deloitte India’s Tech Trends report. It estimates FY24 revenue of $254 billion for India’s tech sector, 3.8 percent y-o-y growth. Industry stakeholders expect India to emerge as a key player in several key domains, including spatial computing, the industrial metaverse, cloud computing, and generative AI (GenAI)…CONTINUE READING

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