Search by category: Machine Learning
Right off the bat, we have some statistics for you: the global machine learning (ML) market stood at $15.44 billion in 2021. It was predicted to reach $21.17 billion in 2022 and $209.91 billion by 2029. Such rapid growth isn’t surprising: artificial intelligence (AI) and machine learning techniques reshape many industries, including healthcare, IT, finance,…
The fintech industry is drastically transforming standards for banking and financial services. Today we prefer tech-enabled options and digital financial access. So no wonder that fintech companies raised $40.3 billion in funding in 2023, according to CB Insights, and the industry is developing lightning fast. Meanwhile, cyber threats have grown exponentially, with the cybercrime epidemic…
In May 1997, during the World Wide Developers Conference, Steve Jobs shared his famous idea that the customer experience had to be the starting point for any development process and the technology had to follow it. These words do still speak the truth in 2024: digital transformation makes us deliver excellent retail, healthcare, financial, and…
Data is the living force of modern businesses as we produce an overwhelming amount of it every day. No wonder effective solutions for data management are all the rage. According to Built With, more than 31 thousand among the Best 1 Million Sites are using top data management platforms in December 2022. With such platforms, businesses…
According to Amara’s Law, the effect of technology is usually overestimated in the short term, but in the long term, it is underestimated. Meanwhile, insurers are becoming more dependent on innovations and technologies for efficiency, security, and expanded capabilities. So, how can you define which insurance trends are the best for 2024? And which of…