• Privacy Policy
Tuesday, March 21, 2023
Data Centre & Network News
ADVERTISEMENT
  • Data Centres
  • Networking
  • Infrastructure
  • Data
  • Media Kit
  • Events
  • SUBSCRIBE
  • Contact
No Result
View All Result
  • Data Centres
  • Networking
  • Infrastructure
  • Data
  • Media Kit
  • Events
  • SUBSCRIBE
  • Contact
No Result
View All Result
Data Centre & Network News
No Result
View All Result

AI: The next technological revolution

Jessica Foreman by Jessica Foreman
April 3, 2019
in Artificial Intelligence
15 0
0
Share on FacebookShare on Twitter

According to a new survey conducted by Digital Realty, over one-third of IT decision makers in the UK’s largest financial services companies believe that AI will transform the industry in the next decade, but the same percentage admit that their infrastructure is not prepared for the transformation.

The survey unearthed that AI’s potential to transform hugely outpaces other much-hyped technologies, with leaders naming blockchain (21%), IoT (11%), application programming interface (API) platforms (10%), and robotic process automation (RPA) (10%) falling behind AI in their potential for the industry.

The financial benefits of these new technologies are potentially huge but the ability of IT leaders to prepare their businesses for these new technologies is restrained by budget (40%) and legacy infrastructure (31%). The survey highlighted that across the UK, businesses need to invest a total of £11.4 billion to be ready for these new technologies, but they will need to do this in order to keep up with the challengers – identified by 20% of IT leaders in the industry as their biggest technological challenge.

Digital Realty says that AI is going to revolutionise every industry, making businesses faster and cheaper to operate, creating new opportunities and adding an additional estimated £10 trillion to global economic activity by 2030.

Processes already seen as the norm in the financial services industry, such as fraud detection and stock trading, are made possible by AI. Financial institutions are increasingly looking to AI to aid customer communication, predictive analytics, trade processing, and intelligent investment solutions.

To seize these opportunities, businesses will need to meet new processing and interconnectivity demands. The challenge is leading them to look to cloud and data centre partners for the purpose-built infrastructure, rapid low-cost interconnection, and simple management of these complex data environments that can underpin their AI ambitions.

Digital Realty and IDG research predicted that in the next two years, 48% of large financial services businesses will move their workloads to cloud wherever possible and just 27% expect their workloads to remain on-premise.

Val Walsh, Senior Vice President, Portfolio Management at Digital Realty, comments, “The financial services industry is set to see some astonishing technological growth, and our new research demonstrates that companies in the sector are still underprepared for what’s to come. Technology like AI will greatly benefit the industry, but companies can only experience the full benefits of the technological revolution if their infrastructure is able to support these technologies.”

Tags: AIDigital RealtyRPAsurvey
Share9Tweet4Share1

Related Posts

Alibaba Cloud launches ModelScope platform and new solutions

Alibaba Cloud launches ModelScope platform and new solutions

November 8, 2022
39
atNorth joins the WEKA innovation network

atNorth joins the WEKA innovation network

November 4, 2022
46
Getting an edge: how AI at the edge will pay off for your business

Getting an edge: how AI at the edge will pay off for your business

July 1, 2022
56
Xydus hires top tech talent to solve the digital identity crisis

Xydus hires top tech talent to solve the digital identity crisis

June 30, 2022
64
Chalmers University of Technology selects Lenovo and NVIDIA for national supercomputer

Chalmers University of Technology selects Lenovo and NVIDIA for national supercomputer

June 6, 2022
74
Xydus hits 600% hyper growth helping manage virtual workforces

Xydus hits 600% hyper growth helping manage virtual workforces

May 26, 2022
75
Next Post
UK in pole position in £62 billion self-driving car race

UK in pole position in £62 billion self-driving car race

Colt Data Centre Services acquires new site in Osaka

Colt Data Centre Services acquires new site in Osaka

ADVERTISEMENT
nLighten signs Letter of Intent with City of Eschborn
Data Centres

nLighten signs Letter of Intent with City of Eschborn

March 21, 2023
32
Datum Datacentres wins Megabuyte award
News

Datum Datacentres wins Megabuyte award

March 21, 2023
32

Head office & Accounts:
Suite 14, 6-8 Revenge Road, Lordswood
Kent ME5 8UD
T: +44 (0)1634 673163
F: +44 (0)1634 673173

Data Centres

nLighten signs Letter of Intent with City of Eschborn

March 21, 2023
32
News

Datum Datacentres wins Megabuyte award

March 21, 2023
32
  • Privacy Policy

© 2023 All Things Media Ltd.

No Result
View All Result
  • Data Centres
  • Networking
  • Infrastructure
  • Data
  • Media Kit
  • Events
  • SUBSCRIBE
  • Contact

© 2023 All Things Media Ltd.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Cleantalk Pixel
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.