Displaying items by tag: Generative AI

Although Teradata has almost a half-century of on-prem data warehousing experience, it's a cloud-first business today and is bringing its considerable experience to help its customers modernise. Teradata CEO Steve McMillan spoke to iTWire about growth, AI, and the changing nature of data.

As modern applications become more complex, observability becomes increasingly important. LogicMonitor has already been using AI in its hybrid observability tools to help separate signal from noise, and has taken it even further with GenAI infusion.

Generative AI is bringing vast business benefits from summarising documents, to helping with customer service, even aiding organisations in asking questions of complex systems in simple plain language. However, you might not be using the right tools for the job. MongoDB field CTO Rick Houlihan experimented and found vast performance gains when using a document database over a relational one.

Insurance and finance giant Suncorp is reaping big rewards. from smart tech investments, its FY2024 results show.

COMPANY NEWS:  

• The vast majority (80%) have increased their year-on-year investment in generative AI
• Three quarters agree it is helping drive revenue and innovation
• Almost all organizations (97%) allow employees to use generative AI in some capacity

COMPANY NEWS: Capgemini today announced the expansion of its long-standing strategic partnership with SAP, to help organisations address business-critical challenges through effective implementation of generative AI across key processes and functions, such as HR, sales, procurement, and sustainability.

Generative AI usage more than triples in 12 months but organisations still struggling to balance safe enablement with risk management

GUEST RESEARCH: Netskope, a leader in Secure Access Service Edge (SASE), today published new research showing that regulated data (data that organisations have a legal duty to protect) makes up more than a third (35%) of the sensitive data being shared with generative AI (genAI) applications—presenting a potential risk to businesses of costly data breaches.

Australia’s most trusted bank is using MongoDB Atlas and generative AI to significantly reduce costs and accellerate customer-focused innovation

COMPANY NEWS: MongoDB, Inc. (NASDAQ: MDB) today announced that Bendigo and Adelaide Bank (ASX: BEN) has partnered with MongoDB to modernize its core banking technology with MongoDB Atlas as the keystone of an ambitious application modernization initiative.

Telltale signs to spot deepfakes are disappearing at an alarming rate, but a UNSW academic says these advances in AI also provide opportunities for a better, more accessible internet.

All-flash data storage hardware and software company Pure Storage has announced a new, comprehensive strategy and range of product announcements that address customer's most pressing concerns and bring industry-first innovations.

Hitachi Vantara, the data infrastructure and cloud management subsidary of Japanese mega-company Hitachi, Ltd. has launched its new data strategy and product line around AI, including a collaboration with NVIDIA.

Snowflake has announced a new collaboration with NVIDIA, helping customers and partners rapidly build bespoke AI solutions leveraging NVIDIA AI.

Generative AI and LLM implementations have become widely adopted over the past 18 months, with some companies pushing to implement them as quickly as possible, according to search analytics company Elastic, which says this has expanded the attack surface and left developers and security teams without clear guidance on how to adopt emerging LLM technology safely.

New data from job site Indeed reveals Aussies as “overwhelmingly fearless” when it comes to the adoption of AI in the workplace.

Data reveals time is ripe for business reinvention, as HubSpot listens and develops Content Hub, Service Hub to help businesses scale and grow better

• 74 per cent of Australian businesses say they have changed more in the last four years compared with the last 20 years.
• In 2024, 62 per cent of Australian businesses agree they need to shift from reacting to growth by hiring more employees to scaling with AI and automation.
• Over two-thirds (70 per cent) of Australian businesses say the introduction of AI requires businesses to reinvent.
• 57 per cent say their approach to growth is changing significantly because of generative AI.
• Australia is most likely to feel pressure to do more with less (51 per cent) — nearly 10 per cent higher than the global average.
• 74 per cent of Australian businesses say delivering streamlined, personalised customer experiences is key to business growth and success in 2024.

GUEST RESEARCH: HubSpot, the customer platform for scaling businesses, has released new data that shows Australian companies are transforming their business models in response to global megatrends, including generative AI and changing customer expectations.

GUEST RESEARCH:  Generative AI (GenAI) and AI will significantly transform industries in the future, according to 81% of Australian and New Zealand respondents to new research.

Industrial automation company Rockwell Automation has announced new industry-leading generative AI prescriptive work orders in its Fiix Asset Risk Predictor software. This makes it the first complete predictive and prescriptive maintenance solution, helping manufacturers eliminate unplanned downtime.

Generative AI is already having a profound impact on the corporate landscape and is set to revolutionise how we work.

Kore.ai, a leader in enterprise conversational and generative AI platform technology, today announced the appointment of Paul Rilstone as Vice President for Australia and New Zealand further accelerating the company’s presence in the region.

COMPANY NEWS: The latest platform upgrades help elevate effectiveness and results while reducing costs