Clover Infotech brings to you a curated round-up of important technology updates and news:
#1 Oracle Cloud Federal Financials Curates Efficiency for The National Gallery of Art
The National Gallery of Art, one of the world’s preeminent art museums, has selected Oracle Cloud Federal Financials, a purpose-built solution in Oracle Fusion Cloud Enterprise Resource Planning (ERP), to support its mission to welcome all people to explore and experience art, creativity, and our shared humanity. With Oracle Cloud Federal Financials, the National Gallery of Art can accelerate financial processes, increase efficiency, improve resource allocation, and enhance decision-making, while addressing federal data security requirements…CONTINUE READING
#2 India’s First Fintech Bank Is Here – A Game-Changer for How a Billion Indians Will Bank
The merger of slice, a fintech company, and Northeast Small Finance Bank (NESFB) has resulted in the formation of a new banking entity in India. This entity aims to leverage technology to provide financial services across urban and rural areas. With regulatory approval secured in October 2024, this merger isn’t just a meeting of two financial institutions—it marks the beginning of a new kind of bank. One that brings together fintech agility and banking stability, to create an entirely new playbook for modern financial services.…CONTINUE READING
#3 Cyber Attackers Using Deepfakes And AI Pose Increasing Threat: MeitY Digital Threat Report 2024
Cyber attackers are expected to increasingly leverage deep fakes and artificial intelligence (AI)-generated content as potent tools for intrusion, particularly in social engineering attacks, Digital Threat Report 2024 published by the Ministry of Electronics and Information Technology (MeitY) said. The advancement of deep fake technology enables the creation of highly realistic and manipulated audio and video content that can convincingly impersonate individuals, it said…CONTINUE READING
#4 Gartner Identifies Top 12 Early-Stage Technology Disruptions that Will Define the Future of Business Systems
Gartner, Inc. has identified 12 emerging technology disruptions that will define the future of business systems. Technology leaders must prioritize these over the next five years, as they present competitive opportunities in the near term and will eventually grow to become standard throughout businesses. “Technology leaders must take action now to gain a first-mover advantage with these technologies,” said Bill Ray, Distinguished VP Analyst at Gartner…CONTINUE READING
#5 Oracle and Google Cloud Announce Industry-First Partner Program and Powerful New Capabilities for Oracle Database@Google Cloud
Oracle and Google Cloud announced plans for an industry-first partner program and the planned availability of Oracle Base Database Service on Oracle Database@Google Cloud, as well as expanded capabilities and additional regions. The new partner program is designed to enable Oracle and Google Cloud partners to offer Oracle Database@Google Cloud to their customers. In addition, Oracle Database@Google Cloud now supports Oracle Exadata X11M, and for Oracle U.S. Government Cloud customers, Oracle Interconnect for Google Cloud is available…CONTINUE READING
#6 IDC Predicts: Asia/Pacific* Insurers to Gain 45% More Value from IT Investments by 2027 Through AI-Driven FinOps
#7 Gartner Predicts by 2027, Organizations Will Use Small, Task-Specific AI Models Three Times More Than General-Purpose Large Language Models
Gartner, Inc. predicts that by 2027, organizations will implement small, task-specific AI models, with usage volume at least three times more than those of general-purpose large language models (LLMs). While general-purpose LLMs provide robust language capabilities, their response accuracy declines for tasks requiring specific business domain context. “The variety of tasks in business workflows and the need for greater accuracy are driving the shift towards specialized models fine-tuned on specific functions or domain data,” said Sumit Agarwal, VP Analyst at Gartner…CONTINUE READING
#8 IDC Predicts AI Solutions & Services will Generate Global Impact of $22.3 Trillion by 2030
IDC, the global leader in trusted technology intelligence, has released a comprehensive analysis highlighting the profound economic impact of artificial intelligence (AI) on the global economy, at its IDC Directions event — which focuses on the pivotal role AI plays in today’s business landscape.According to IDC, investments in AI solutions and services are projected to yield a global cumulative impact of $22.3 trillion by 2030, representing approximately 3.7% of the global Gross Domestic Product (GDP)…CONTINUE READING
#9 Gartner Forecasts Worldwide GenAI Spending to Reach $644 Billion in 2025
Worldwide Generative AI (GenAI) spending is expected to total $644 billion in 2025, an increase of 76.4% from 2024, according to a forecast by Gartner, Inc. “Expectations for GenAI’s capabilities are declining due to high failure rates in initial proof-of-concept (POC) work and dissatisfaction with current GenAI results,” said John-David Lovelock, Distinguished VP Analyst at Gartner. “Despite this, foundational model providers are investing billions annually to enhance GenAI models’ size, performance, and reliability. This paradox will persist through 2025 and 2026…CONTINUE READING
