Artificial Intelligence
Smart Advisors Market to Reach Value of US$ 4,498.1 Million by 2030, And Rise At A CAGR of 20.2%, Contrive Datum Insights
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Farmington, Jan. 30, 2023 (GLOBE NEWSWIRE) — The global Smart Advisors market accounted for USD 1,049.2 Million in 2022 and is expected to reach USD 4,498.1 Million by 2030, growing at a CAGR of 20.2% from 2023 to 2030. A smart advisor, also known as a smart advisor program, is an application capable of understanding natural language and performing all of the user’s electronic activities on their behalf. Personal assistants used to take dictations, read aloud messages or emails, search up phone numbers, anticipate requests, make calls, and remind users of upcoming appointments. A savvy advisor can perform these tasks and more. In today’s intelligent advisers, artificial intelligence, voice recognition, and machine learning are all incorporated. As end users interact with their intelligent advisers, the Artificial Intelligence software employs a sophisticated algorithm to learn from the data inputs and improve its ability to forecast end-user requirements. Future intelligent advisors would be created using modern cognitive computing technology.
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This enables a savvy adviser to comprehend and execute multi-step requests, before moving on to more complex activities such as flight booking. Smart advisers are distinct from digital assistants, a second sort of AI program that individuals employ. Smart advisers concentrate on a topic, whereas digital assistants concentrate on a task. For instance, a Smart Advisor can assist a firm in determining which physicians have the highest or lowest cost and performance. Using an advanced IT (Information Technology) platform, a Smart Advisor sifts through the whole database of physicians to identify just those who should be examined based on statistical significance, caseload, and other essential characteristics.
Smart Advisors Market Recent Developments:
- In December 2022, IBM announced it is working with the Cloud Security Alliance — a global not-for-profit dedicated to defining standards, certifications, and best practices to help ensure secured cloud computing that aims to further advance security and risk management of cloud within financial services.
- In November 2020, eGain, a leading customer engagement platform provider, today announced eGain SmartIVR™, an all-in-one solution to modernize IVR-based customer engagement.
Smart Advisors Market Segmentation Analysis:
Smart Advisor enables advisers to transmit any document through email, print-and-deliver, or postal mail, depending on the client’s preferred method of delivery. At the level of the corporation, it saves a great deal of time and money. The majority of investors prefer to get information online with a link to a branded website that can display content effectively on desktop and mobile devices.
The clients of the smart adviser service include banks, broker-dealers, mutual funds, retirement service providers, corporate issuers, and wealth and asset management companies.
In 2021, the mobile platform segment was the largest, and with a CAGR of 7.8% during the projection period, it is anticipated to remain the largest. The increasing number of mobile users and the widespread deployment of smart advisor technology to give consumers real-time notifications through mobile augmented reality are projected to fuel market expansion. Bring your own device (BYOD) is gaining popularity in the business world.
The financial services sector is anticipated to account for more than 30 percent of the market. In financial institutions, smart advisor technology is a digital communication platform primarily intended to increase the effectiveness and efficiency of financial advisors.
Many individuals have made selections regarding what to purchase from store shelves based on factors such as the behavior and preferences of others. The mix of new technologies such as Big Data, AI, IoT, and automation have dramatically disrupted the retail industry during the past few years.
Regional Outlook:
Investors in the manufacturing industries of emerging economies like China and India have initiated a number of new investments and projects. The top priorities are cutting expenses, which is crucial due to increased compliance costs and a focus on regulations, digitizing the sales force, and making better use of technology overall. Even while there are advantages, disruptive investors are still in their infancy and have not yet attained IT investments or economies of scale. In addition, the failure of specific platform technologies poses a threat to individual businesses, particularly during the ramp-up period of a new company’s launch.
The typical investor and the disruptor are the smart advisor’s most common clients kinds. In addition, traditional insurers are working on establishing collaborative ventures with tech businesses in order to compete with disruptors and profit from smart advice in China, India, Hong Kong, and Japan. In the Asia-Pacific area, technology is increasingly required to ensure the seamless operation of the manufacturing industry.
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Scope of Report:
Report Attributes | Details |
Growth Rate | 20.2% from 2023 to 2030 |
Market Size in 2022 | USD 1,049.2 Million |
Revenue Forecast by 2030 | USD 4,498.1 Million |
By Component | Software, Services |
By Industry | Financial Services, Healthcare, Consumer Electronics, Retails, Travel & Hospitality, Government, Education, Others |
By Applications | Websites, Social Media, Mobile Platform, Contact Centers |
By Companies | IBM Corporation, eGain Corporation, Creative Virtual Pvt. Ltd, CX Company Limited, 24/7 Customer Inc., Nuance Communications Inc., Artificial Solutions International AB, Next IT Corporation, Speakoit Inc., Codebaby Corporation, Broadridge Solutions, Netformx, Speaktoit Inc., and Others |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 to 2030 |
Market Drivers:
The growth of the smart advisor sector over the previous few years is anticipated to continue in the following year. The size of the global market is expanding due to factors such as increased spending on research & development, improved resource management, and increased company competitiveness. New entrants, strategies for product innovation in a variety of industries, and technological advancements are anticipated to be among the most significant factors driving market expansion.
The expansion of the market is primarily driven by the increasing usage of artificial intelligence technology and cloud-based and Internet of Things-based solutions in various end-user industries. New technologies such as speech recognition and machine learning, the growing usage of smartphones and the requirement for the internet, and the rise in the use of smart advisor applications by financial institutions and small and medium-sized organizations are expected to drive market growth over the forecast period.
Smart Advisors Market Key Segments Covered:
Top Market Players:
IBM Corporation, eGain Corporation, Creative Virtual Pvt. Ltd, CX Company Limited, 24/7 Customer Inc., Nuance Communications Inc., Artificial Solutions International AB, Next IT Corporation, Speakoit Inc., Codebaby Corporation, Broadridge Solutions, Netformx, Speaktoit Inc., and Others.
By Component
- Software
- Services
By Industry
- Financial Services
- Healthcare
- Consumer Electronics
- Retails
- Travel & Hospitality
- Government
- Education
- Others
By Application
- Websites
- Social Media
- Mobile Platform
- Contact Centers
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America: (Brazil, Argentina, Rest of Latin America)
- Rest Of the World
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Artificial Intelligence
LTA’s Padel Programme Teams Up with Skylab for Enhanced Performance Analytics
MANCHESTER, England, April 17, 2024 /PRNewswire/ — Skylab, a UK-based specialist in sports technology and performance analysis, proudly announces its partnership with LTA Padel, solidifying its position as a premier provider of specialised services in the sports industry. This collaboration underscores Skylab’s commitment to excellence and showcases its ability to deliver innovative and diverse solutions tailored specifically for elite sports organisations like LTA Padel.
The LTA’s Padel performance programme in Great Britain will utilise Skylab’s Game Intelligence product and Performance Analysis services. The software will empower athletes and coaches alike with interactive and detailed match data, seamlessly integrated into intuitive dashboards that create automated video playlists. The Padel team at the LTA will gain a deeper understanding of padel at the elite level to support their talent identification, player pathway and coaching strategies as they strive to compete with the world’s best.
“Previously, Padel players lacked accurate and robust performance data, which made it impossible to analyse the opposition in detail. Coaches couldn’t answer their players’ key performance questions quickly, and performance directors had to rely on gut feeling and experience when evidencing what elite Padel looks like. However, our product and services provide practitioners with insights into the technical and tactical aspects of the game, as well as the physical demands required for elite-level performance. This allows practitioners to understand and predict the future performance of their players, enabling them to make data-informed decisions” says Ciaran Skinner, Business Development Manager, Skylab.
Skylab is a first-of-its-kind sports technology firm, offering tailored, market-leading Performance Analysis services and bespoke web platforms to elite sporting clients. It revolutionises how elite sports teams and individuals interact, use, and visualise their data. By packaging performance analysis with industry leading UX and bespoke software, partners will be in the position to make better decisions in sport.
For more information about Skylab and its services, please visit skylab.com or contact [email protected]
Notes
Website: www.skylab.com
https://skylab.com/padel-performance-insights/
Social:
LinkedIn – Skylab: https://www.linkedin.com/company/studio-skylab
LinkedIn – Skylab: Elite Performance Analysis: www.linkedin.com/company/skylab-epa/
About Skylab
Skylab is a first-of-its-kind sports technology firm, offering tailored, market-leading Performance Analysis services and bespoke web platforms to elite sporting clients. It revolutionises how elite sports teams and individuals interact, use, and visualise their data. By packaging performance analysis with industry leading UX and bespoke software, partners will be in the position to make better decisions in sport. Current clients include elite teams and organisations across Padel, Football, Athletics, Tennis, Rowing and more.
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View original content:https://www.prnewswire.co.uk/news-releases/ltas-padel-programme-teams-up-with-skylab-for-enhanced-performance-analytics-302119847.html
Artificial Intelligence
Unisys Digital Workplace Solutions Receives HDI’s IT Support Center Recertification, Recognizing Continued Excellence in IT Support
Certification highlights the company’s ongoing optimization of IT support and recognizes Unisys as the only globally certified managed service provider
BLUE BELL, Pa., April 17, 2024 /PRNewswire/ — Unisys (NYSE: UIS) has achieved recertification through HDI’s IT Support Center Certification program, demonstrating the company’s commitment to exceeding IT support expectations and achieving biannual recertification. HDI is the leading organization dedicated to elevating technical support and service management across enterprises.
HDI’s Support Center Certification is based on an internationally recognized standard for best practices in IT support and global validation of organizations with support divisions that operate efficiently and effectively, ultimately leading to increased customer satisfaction and retention. The audit demonstrated that Unisys provides world-class desk services to its clients and that Unisys customer experience measures are significantly more advanced than those of most organizations.
“I congratulate the entire Unisys team on achieving HDI Support Center Certification for their Global Service Desk,” said Tara Gibb, senior director, HDI. “As an HDI-Certified Support Center, Unisys Global Service Desk is part of an elite circle of support centers dedicated to quality operations, continuous improvement, strategic vision, a positive work environment and high levels of customer service.”
This assessment of Unisys reflects a 15% increase in overall performance and significant strides since the last certification audit in 2021. Key strengths highlighted in the recertification report include adding the Experience Management Office into the overall delivery model, implementing 14 Experience Level Agreements (XLA) in the production environment and focusing on proactive business development predictive experiences. Unisys received high marks for overall leadership, strategy and policy, and people management.
“The recertification represents the continuous work of our team to optimize IT support operations, progress the maturity of our advanced Global Service Desk capability and maintain our commitment to helping our clients achieve breakthroughs with superior IT support,” said Patrycja Sobera, global vice president, Digital Workplace Solutions Delivery, Unisys.
Patrycja Sobera has also been highlighted as one of HDI’s Top 25 Thought Leaders for 2024, and Unisys has been named a finalist in four key categories of the 2024 HDI Global Service and Support Awards:
Best Service and Support ManagerBest Service Improvement InitiativeBest Customer ExperienceBest Use of TechnologyThe HDI Global Service and Support Awards 2024 winners will be revealed at HDI SupportWorld Live in May 2024. In 2023, Unisys was named the winner in the Best Culture and Best Support Organization categories.
To learn more about the company’s global service desk offerings, click here.
About Unisys
Unisys is a global technology solutions company that powers breakthroughs for the world’s leading organizations. Our solutions – cloud, data and AI, digital workplace, logistics and enterprise computing – help our clients challenge the status quo and unlock their full potential. To learn how we have been helping clients push what’s possible for 150 years, visit unisys.com and follow us on LinkedIn.
RELEASE NO.: 0417/9944Unisys and other Unisys products and services mentioned herein, as well as their respective logos, are trademarks or registered trademarks of Unisys Corporation. Any other brand or product referenced herein is acknowledged to be a trademark or registered trademark of its respective holder.UIS-C
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Artificial Intelligence
Huawei Introduces AI Technologies to Accelerate Network Transformation Towards All Intelligence in the Net5.5G Era
SHENZHEN, China, April 17, 2024 /PRNewswire/ — At Huawei Analyst Summit 2024, Steven Zhao, Vice President of Huawei’s Data Communication Product Line, delivered a speech entitled “Accelerating Network Transformation Towards All Intelligence”. Mr. Zhao shed light on how Huawei introduced AI technologies to upgrade network capabilities at case-, process-, and system-levels and accelerate network intelligence. Participants, including industry partners, also explored the current trends and future prospects of the Net5.5G industry.
“As AI technologies advance, we see the inflection point for deploying network intelligence. Networks need to be deeply integrated with AI technologies, propelling Net5.5G networks into the intelligent era,” said Steven Zhao. “We believe network innovation in the Net5.5G era covers two aspects: AI for Networks and Networks for AI. An intelligent network entails intelligent network elements (NEs), digital twins, and generative AI, which underpin efficient, intelligent network operations. And AI-powered network solutions accurately meet the needs of intelligent networks and, more importantly, turbocharge AI training and maximize the transmission capacity of intelligent computing.”
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Steven Zhao called on all industry stakeholders to jointly embrace Net5.5G, introduce intelligent technologies, deploy network digital twins at scale, and inspire AI technology innovation, ultimately accelerating network transformation towards all intelligence.
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