Outlook for 2022 & going forward – AI, ML, Fintech World
AI, ML & Data Analytics trends
- Some interesting Technology trends which have bearing on the AI impact for AI & ML driven Data Analytics practices. This is per the latest Gartner Report on Top Technology Trends for 2022:
- By 2025, cloud-native platforms will serve as the foundation for more than 95% of new digital initiatives, up from less than 40% in 2021
- By 2023, more than a third of large organizations will have analysts practicing decision intelligence including decision modeling
- By 2025, the 10% of enterprises that establish AI engineering best practices will generate at least three times more value from their AI efforts than the 90% of enterprises that do not.
Finalytica Dec 2021:Persistency Analytics solution for a Large Life Insurance Company
BACKGROUND
Life Insurance companies are usually looking for innovative solutions to manage their persistency business through the power of analytics to improve their persistency. They also need a user-friendly cloud-based reporting solution for Persistency tracking and enhancement.
Let’s discuss one such use case for the Persistency.… Continue reading
Finalytica Dec 2021: Latest Happenings in AI and Analytics
- According to a latest Gartner report, Indian Corporates are expected to spend a total of $101.8 billion on Information technology (IT) in 2022 to support new IT projects. This marks a 7% increase in IT spending as compared to 2021, which saw India spend $95.1 billion on IT services, the report released on Wednesday said.
Finalytica Nov 2021: Experiential learning
Introduction
Systematic Investment Plans in Indian Mutual fund industry is an important way of garnering inflows into Equity funds for the Indian Fund houses. The Industry has grown to regular monthly inflows of INR 10,000 crs with an investor base of around 46 million. … Continue reading
Finalytica Nov 2021: Latest Happenings
- As per the latest Forrester 2022 Predictions for Asia Pacific report, Global cloud-native adoption rose last year since Developers reported increased usage of containers (33% to 42%) & serverless (26% to 32%) at their organisation which will accelerate enterprise modernisation and implement future fit technology strategies further in Year 2022.
Finalytica Oct 2021: Latest Happenings in AI and Analytics
- According to 2020 market share numbers from IDC, the total worldwide business intelligence and analytics market hit $19.2 billion, growing a healthy 5.2% despite pandemic-related economic upheavals. Looking ahead, BI growth is expected to accelerate as companies focus on digital transformation and smarter ways to use data to drive the business forward.
Finalytica Sept 2021 : Knowledge Series in Successful end-to-end BI Solution implementation for an NBFC
We implemented an end-to-end BI Solution for a large Non banking finance company in India right from Data Engineering to ML based report creation to Analytics Dashboards to usage of Narrator tool to overall data & dashboard automation. We describe the case study in detail here End to end BI solutioning
Finalytica Sept 2021 : Latest happenings in AI, ML & Fintech world
- As per a news item published in Techcircle, the Indian Software-as-a-Service (SaaS) market could reach $1 trillion in value in the next nine years, Chennai-based SaaS consortium, SaaSBOOMi, in a report said. The report also said that the SaaS boom could see the creation of half a million new jobs.
Finalytica Aug 2021 : Knowledge Series in The Journey of Auto Machine Learning through Clientrator
Automated machine learning, also referred to as automated ML or AutoML, is the process of automating the time-consuming, iterative tasks of machine learning model development.. Creating a Machine-learning/Data Science model from scratch is a time-consuming and long process which has multiple stages and requires multiple iterations.… Continue reading
Finalytica Aug 2021: Latest Happenings
- Research from StrategyR published a report that said Amid the COVID-19 crisis, the global market for Data Analytics Outsourcing estimated at US$5 Billion in the year 2020, is projected to reach a revised size of US$22.9 Billion by 2026, growing at a CAGR of 28.4% over the analysis period.
Finalytica July 2021: Latest Happenings
- A report by Analytics Insight highlighted that Big Data plays a principal role in understanding customer needs and drawing market patterns. India is one of the fastest-growing countries adopting artificial intelligence, big data analytics, and IoT. According to reports, the Indian analytics industry is estimated to reach approximately US$16 billion by 2025.
