Innovation
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Blog
Teradata wants you to think differently about data and innovation – and take inspiration from the likes of Shazam
Steve McMillan, CEO at Teradata, wants you to forget what you think you know about his company – and the way that you approach AI. From reducing egress fees by keeping data in one place, to raising our expectations on the potential for generative AI, McMillan believes it’s better to accommodate customers in the cloud rather than dictate what they…
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Why are so many AI projects destined for failure? Inexperienced staff, poor planning, and a shoehorned approach to agile development are all stifling innovation
AI projects fail because of technical challenges, people misunderstanding what’s possible, and agile development, according to research from the RAND institute. Research cited by RAND suggests as many as 80% of AI projects fail — that’s twice the rate of other technology projects and a serious problem for the industry given the costs involved with AI. RAND notes that the…
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CBA’s x15ventures Set to Lead in Fintech AI Innovation
On Aug. 20, the Commonwealth Bank of Australia’s venture-scaling arm, x15ventures, will close applications for its annual Xccelerate program — an opportunity for tech startups to win a $250,000 investment into their company. The competition reflects the CBA’s broader efforts to establish itself as a dominant force in fintech AI. The bank’s initiatives, including its partnership with Microsoft and the…
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Businesses Seek to Balance AI Innovation and Ethics, According to Deloitte
As generative AI becomes more popular, organizations must consider how to deploy it ethically. But what does the ethical deployment of AI look like? Does it involve reigning in human-level intelligence? Preventing bias? Or both? To assess how companies approach this topic, Deloitte recently polled 100 C-level executives at U.S. companies with between $100 million and $10 billion in annual…
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