Finalytica October 2023 : Latest Happenings

As per a recent Gen AI report by AIM, the Indian IT majors have trained close to seven lakh employees in generative AI, The report also observed that there is a decline in the total headcount for many IT firms, along with signs of disparity in hiring freshers as they are mostly focusing on training and upskilling their existing employees, besides scaling workflow automation and digital initiatives.
According to Fortune Business Insights, the global API management market size was valued at $3.40 billion in 2022 & is projected to grow from $4.28 billion in 2023, exhibiting a CAGR of 27.6% during the forecast period. API Management helps to control and manage interactions between various applications and platforms. In addition, it helps businesses deliver customer data securely across platforms. The growing demand for real-time data is anticipated to drive the adoption of event-driven API. Moreover, the increase in digital transformation is expected to fuel market growth. Furthermore, key market players are keen on offering innovative solutions through market expansion.
According to Expert Market Research, the global artificial intelligence in sports market size is assessed to grow at a CAGR of 29.4% between 2024 and 2032. The market is being aided by the growing usage of AI to enhance the performance of athletes and the increasing attempts to offer personalised experiences to fans.