The important application responsible for this growth is none other than remote supervision of assets like industrial equipment, tanks, and pipeline infrastructure both in downstream and midstream verticals

As the industry looks to master AI everywhere, GenAI is emerging as a transformative force in healthcare and is set to impact workforce efficiency and hyper-personalization in the care processes.

Spending on shared (public) cloud infrastructure reached $18.5 billion in the quarter, increasing 7.2% compared to a year ago

According to the C-suite Tech survey 2023 APeJ results, 37.8 percent of CMOs indicated that they have already begun implementing GenAI technologies

An updated forecast from International Data Corporation (IDC) shows that enterprises will invest more than $19.4 billion worldwide on GenAI solutions in 2023.

According to global research body Forrester, firms that actively harness generative AI (genAI) to enhance experiences, offerings, and productivity will realize outsized growth and will outpace their competition.

While enterprises are ramping up investments in GenAI, chatbots, and conversational AI tools, GenAI tools are specifically used for cost optimization, application development, and workload testing use cases