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AI-Based Banking Loan Software Will Become Norm In 2022

Smart Data Collective

However, the market for AI in banking is expected to grow over 30% a year and will be worth over $64 billion by 2030. Growing trust in online and mobile banking due to meeting customers’ resource-saving expectations was the driving force behind digital lending growth in 2020-2021. They currently spend just under $4 billion in 2020.

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Green Data Centers Make Data-Driven Entities More Sustainable

Smart Data Collective

from 2021 to 2027. Intelligent Monitoring Systems Implementing intelligent systems that offer real-time data on various environmental factors, assisting in pinpointing inefficiencies and creating avenues for improvements, thus setting a benchmark in environmental responsibility within the tech industry.

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Promising Benefits of AI in the Financial Technology Market

Smart Data Collective

According to P&S Intelligence , AI in the fintech market is expected to grow to $47 billion in 2030 from $7.7 According to fraud detection firm Feedzai, banking fraud attempts soared 159% from the final three months of 2020 to the first quarter of 2021, with the majority performed online. AI in fintech is here to stay.

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How Cloud Technology Can Be Integrating in Schools

Smart Data Collective

billion on cloud computing in 2021 and that figure is expected to be worth over $15 billion by 2030. It can efficiently monitor, collect, and track all resources on a single platform. Cloud technology is starting to have a huge impact on the field of academia. Global academic institutions spent nearly $2.7

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Is AI Complicating Our Ability to Purchase Rare Items?

Smart Data Collective

Therefore, it should be no surprise that ecommerce brands are projected to spend $16 billion on AI solutions by 2030. One survey from Forbes found that 35% of all online purchases in 2021 were driven by product recommendations made by generative AI. AI it’s changing the ecommerce sector in countless ways.

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How to build a custom app in minutes: a 2021 guide to low-code platforms

Monday

You see, 2021 reminds me a bit of those science-fiction, space-based movies. These benefits are some of the reasons the low-code market is expected to reach $187 billion by 2030. An even more shocking study predicts that by the end of 2021, the cost of global cybercrime will rise to $6 trillion. What does this mean for you?

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Incredible Data Statistics, Facts, and Trends (Updated for 2022)

Astera

vii] Businesses are placing a higher priority on automated data integration processes to facilitate real-time reporting and monitoring applications. The global financial analytics market size was valued at US$ 9 billion in 2021 and is predicted to record a CAGR of around 15% between 2022 and 2030. [x]. billion by 2030. [xi].