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On October 15, 2024
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[1]
GenAI Drives Application Development Innovation, Market Growth in Europe By Investing.com
ISG Provider Lensâ„¢ report says European enterprises are turning to new technologies for tailored, scalable, compliant ADM solutions LONDON--(BUSINESS WIRE)--Generative AI (GenAI) advancements, changing client requirements, and the need for legacy modernization and regulatory compliance have transformed the European next-generation ADM market over the past 18 months, according to a new research report published today by Information Services Group (ISG) (Nasdaq: NASDAQ:III), a leading global technology research and advisory firm. The 2024 ISG Provider Lensâ„¢ Next-Generation ADM Services report for Europe finds GenAI has been revolutionizing the application development landscape by automating complex tasks such as code generation, bug detection and performance optimization, significantly reducing development cycles and improving accuracy. These advances help meet the growing demand for flexible, tailored and scalable ADM solutions that comply with stringent European regulations such as GDPR. The continuing trend towards GenAI adoption is driving persistent innovation in development processes, said Dr. Matthias Paletta, ISG research director and technology modernization solution lead. The use of GenAI is key to future differentiation and leadership in ADM. The adoption of GenAI requires substantial initial investments in infrastructure and training, and challenges enterprises to ensure data privacy and ethical use of AI. Furthermore, integrating such advanced tools with existing legacy systems without disrupting ongoing operations remains a significant hurdle, and educated personnel with key GenAI skills remain sparse and expensive. GenAI is expected to drive innovation by enabling the creation of advanced predictive models and enhancing AI-driven application capabilities. This technological advancement will foster greater efficiency and innovation, though its exact impact on the next-generation ADM landscape is impossible to predict. GenAI can transform legacy code into modern, more efficient, methods with little or no human intervention, said Jan Erik Aase, partner and global leader, ISG Provider Lens Research. Organizations are using GenAI to help automate the transformation of outdated systems. Clients seeking to improve time to market and operational efficiency have widely adopted Agile and DevOps approaches for their ability to enable faster release cycles, enhanced quality and better alignment between development and business goals, the report says. The larger providers of technology resources are dominating the next-gen ADM space, with global reach and local expertise. Smaller ADM providers have more limited geographical reach, financial resources and technology partnerships, but can be more agile and competitive by focusing on niche markets and offering specialized services and personalized client engagements. For further insights into the trends and challenges impacting the next-generation ADM market in Europe, including skills shortages, evolving client requirements, security concerns and cost management pressures, see the ISG Provider Lensâ„¢ Focal Points briefing here. The 2024 ISG Provider Lensâ„¢ Next-Generation ADM Services report for Europe evaluates the capabilities of 38 providers across four quadrants: Agile Application Development Outsourcing, Application Managed Services, Application Quality Assurance, and AI-enabled Application Development and Maintenance (AI-ADM). The report names Accenture (NYSE:ACN), Capgemini, Cognizant (NASDAQ:CTSH), HCLTech, IBM (NYSE:IBM) and Infosys (NS:INFY) as Leaders in all four quadrants. DXC Technology (NYSE:DXC) and Wipro (NYSE:WIT) are leaders in three quadrants each, and Deloitte and TCS are Leaders in one quadrant each. In addition, T-Systems is named a Rising Star " which ISG defines as a company with a promising portfolio and high future potential" in two quadrants. Deloitte and DXC Technologies are named Rising Stars in one quadrant each. In the area of customer experience, Persistent Systems is named the global ISG CX Star Performer for 2024 among next-generation ADM service providers. Persistent Systems earned the highest customer satisfaction scores in ISG's Voice of the Customer survey, part of the ISG Star of Excellenceâ„¢ program, the premier quality recognition for the technology and business services industry. A customized version of the report is available from Capgemini. The 2024 ISG Provider Lensâ„¢ Next-Generation ADM Services report for Europe is available to subscribers or for one-time purchase on this webpage. About ISG Provider Lensâ„¢ Research The ISG Provider Lensâ„¢ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Mexico, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage. About ISG ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 900 clients, including more than 75 of the world's top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including AI, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,600 digital-ready professionals operating in more than 20 countries"a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry's most comprehensive marketplace data. For more information, visit www.isg-one.com.
[2]
U.S. Firms Embrace AI, Cloud for Application Development By Investing.com
Companies adopt AI for efficiency and quality, study GenAI's potential for automation and testing, ISG Provider Lensâ„¢ report says STAMFORD, Conn.--(BUSINESS WIRE)--Growing AI and cloud adoption have shaped U.S. enterprises' application development and management (ADM) strategies over the past year, according to a new research report published today by Information Services Group (ISG) (Nasdaq: NASDAQ:III), a leading global technology research and advisory firm. The 2024 ISG Provider Lensâ„¢ Next-Gen ADM Services report for the U.S. finds that companies continue to focus on cost optimization, which has helped to drive up the use of AI throughout application lifecycles and inspire early implementations of generative AI (GenAI). AI-driven ADM services are transforming the operations of U.S. enterprise IT departments, said Shafqat Azim, ISG partner and Americas lead, Digital Transformation. Service providers have enabled clients to modernize ADM through AI, with major operational benefits. AI tools are automating ADM tasks, improving software quality and reducing downtime, the report says. Benefits can include higher efficiency, increased developer productivity and reduced time to market, along with proactive maintenance. Quality assurance is a high priority for many U.S. enterprises, and GenAI has strong potential in this area. By automating test creation and scenario simulation, it can speed up testing and uncover issues that manual inspections might miss. While U.S. companies are exploring this potential, they also want to apply quality assurance to GenAI to ensure it will operate correctly and ethically, ISG says. A growing number of U.S. enterprises seek provider engagements that cover both applications and underlying IT infrastructure, such as servers, networks and cloud services, the report says. These deals ensure applications are optimized for performance, scalability and security, while also reducing costs and streamlining vendor management. Companies are also increasingly shifting development to major public cloud platforms to create more scalable, resilient and flexible applications, ISG says. Orchestration tools like Kubernetes, along with microservices architectures, containerization and DevOps practices, have helped make this migration possible. As market trends and customer needs change, cloud-native development lets enterprises quickly respond, said Jan Erik Aase, partner and global leader, ISG Provider Lens Research. Greater agility is a key reason companies move application development to the cloud. The growing integration of site reliability engineering (SRE) with AI for IT operations (AIOps) practices has led to a significant shift in ADM operations, the report says. This approach uses machine learning and advanced analytics to sift through huge volumes of operational data, giving companies comprehensive insights into system performance. With it, SRE teams can pre-emptively discover and resolve potential issues and ensure uninterrupted service delivery. The report also explores other ADM trends in the U.S., including providers' increasing ability to address industry-specific requirements and the rise of Agile and DevOps practices in continuous testing services. For more insights into enterprise ADM challenges in the U.S., including the complexity of applying AI to specific use cases and the difficulty of determining GenAI's potential ROI, plus ISG's advice for addressing them, see the ISG Provider Lensâ„¢ Focal Points briefing here. The 2024 ISG Provider Lensâ„¢ Next-Gen ADM Services report for the U.S. evaluates the capabilities of 51 providers across six quadrants: Agile Application Development Outsourcing, Agile Application Development Projects, Application Managed Services, Application Quality Assurance, Continuous Testing Specialists and AI-enabled Application Development and Maintenance (AI-ADM). The report names Accenture (NYSE:ACN), Capgemini, Cognizant (NASDAQ:CTSH), Deloitte, HCLTech, IBM (NYSE:IBM), Infosys (NS:INFY) and TCS as Leaders in four quadrants each. It names LTIMindtree (NS:LTIM), Tech Mahindra and Wipro (NYSE:WIT) as Leaders in three quadrants each. Apexon, Hexaware and UST are named as Leaders in two quadrants each. Birlasoft, Cigniti, Coforge, DXC Technology (NYSE:DXC), Eviden (Atos Group), HTC Global Services, Infinite Computer Systems, Persistent Systems and Qualitest are named as Leaders in one quadrant each. In addition, Quinnox is named as a Rising Star " a company with a promising portfolio and high future potential by ISG's definition " in three quadrants. Hitachi (OTC:HTHIY) Digital Services is named as a Rising Star in two quadrants. Mphasis and TestingXperts are named as Rising Stars in one quadrant each. In the area of customer experience, Persistent Systems is named the global ISG CX Star Performer for 2024 among next-gen ADM service providers. Persistent Systems earned the highest customer satisfaction scores in ISG's Voice of the Customer survey, part of the ISG Star of Excellenceâ„¢ program, the premier quality recognition for the technology and business services industry. Customized versions of the report are available from Apexon, Capgemini, Persistent Systems, Qualitest and QA Consultants. The 2024 ISG Provider Lensâ„¢ Next-Gen ADM Services report for the U.S. is available to subscribers or for one-time purchase on this webpage. About ISG Provider Lensâ„¢ Research The ISG Provider Lensâ„¢ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Mexico, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage. About ISG ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 900 clients, including more than 75 of the world's top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including AI, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,600 digital-ready professionals operating in more than 20 countries"a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry's most comprehensive marketplace data. For more information, visit www.isg-one.com.
[3]
GenAI Drives Application Development Innovation, Market Growth in Europe
ISG Provider Lensâ„¢ report says European enterprises are turning to new technologies for tailored, scalable, compliant ADM solutions Generative AI (GenAI) advancements, changing client requirements, and the need for legacy modernization and regulatory compliance have transformed the European next-generation ADM market over the past 18 months, according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm. The 2024 ISG Provider Lensâ„¢ Next-Generation ADM Services report for Europe finds GenAI has been revolutionizing the application development landscape by automating complex tasks such as code generation, bug detection and performance optimization, significantly reducing development cycles and improving accuracy. These advances help meet the growing demand for flexible, tailored and scalable ADM solutions that comply with stringent European regulations such as GDPR. "The continuing trend towards GenAI adoption is driving persistent innovation in development processes," said Dr. Matthias Paletta, ISG research director and technology modernization solution lead. "The use of GenAI is key to future differentiation and leadership in ADM." The adoption of GenAI requires substantial initial investments in infrastructure and training, and challenges enterprises to ensure data privacy and ethical use of AI. Furthermore, integrating such advanced tools with existing legacy systems without disrupting ongoing operations remains a significant hurdle, and educated personnel with key GenAI skills remain sparse and expensive. GenAI is expected to drive innovation by enabling the creation of advanced predictive models and enhancing AI-driven application capabilities. This technological advancement will foster greater efficiency and innovation, though its exact impact on the next-generation ADM landscape is impossible to predict. "GenAI can transform legacy code into modern, more efficient, methods with little or no human intervention," said Jan Erik Aase, partner and global leader, ISG Provider Lens Research. "Organizations are using GenAI to help automate the transformation of outdated systems." Clients seeking to improve time to market and operational efficiency have widely adopted Agile and DevOps approaches for their ability to enable faster release cycles, enhanced quality and better alignment between development and business goals, the report says. The larger providers of technology resources are dominating the next-gen ADM space, with global reach and local expertise. Smaller ADM providers have more limited geographical reach, financial resources and technology partnerships, but can be more agile and competitive by focusing on niche markets and offering specialized services and personalized client engagements. For further insights into the trends and challenges impacting the next-generation ADM market in Europe, including skills shortages, evolving client requirements, security concerns and cost management pressures, see the ISG Provider Lensâ„¢ Focal Points briefing here. The 2024 ISG Provider Lensâ„¢ Next-Generation ADM Services report for Europe evaluates the capabilities of 38 providers across four quadrants: Agile Application Development Outsourcing, Application Managed Services, Application Quality Assurance, and AI-enabled Application Development and Maintenance (AI-ADM). The report names Accenture, Capgemini, Cognizant, HCLTech, IBM and Infosys as Leaders in all four quadrants. DXC Technology and Wipro are leaders in three quadrants each, and Deloitte and TCS are Leaders in one quadrant each. In addition, T-Systems is named a Rising Star -- which ISG defines as a company with a "promising portfolio" and "high future potential" -- in two quadrants. Deloitte and DXC Technologies are named Rising Stars in one quadrant each. In the area of customer experience, Persistent Systems is named the global ISG CX Star Performer for 2024 among next-generation ADM service providers. Persistent Systems earned the highest customer satisfaction scores in ISG's Voice of the Customer survey, part of the ISG Star of Excellenceâ„¢ program, the premier quality recognition for the technology and business services industry. A customized version of the report is available from Capgemini. The 2024 ISG Provider Lensâ„¢ Next-Generation ADM Services report for Europe is available to subscribers or for one-time purchase on this webpage. About ISG Provider Lensâ„¢ Research The ISG Provider Lensâ„¢ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Mexico, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage. About ISG ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 900 clients, including more than 75 of the world's top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including AI, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,600 digital-ready professionals operating in more than 20 countries -- a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry's most comprehensive marketplace data. For more information, visit www.isg-one.com.
[4]
U.S. Firms Embrace AI, Cloud for Application Development - Information Servs Gr (NASDAQ:III)
Companies adopt AI for efficiency and quality, study GenAI's potential for automation and testing, ISG Provider Lensâ„¢ report says Growing AI and cloud adoption have shaped U.S. enterprises' application development and management (ADM) strategies over the past year, according to a new research report published today by Information Services Group (ISG) III, a leading global technology research and advisory firm. The 2024 ISG Provider Lensâ„¢ Next-Gen ADM Services report for the U.S. finds that companies continue to focus on cost optimization, which has helped to drive up the use of AI throughout application lifecycles and inspire early implementations of generative AI (GenAI). "AI-driven ADM services are transforming the operations of U.S. enterprise IT departments," said Shafqat Azim, ISG partner and Americas lead, Digital Transformation. "Service providers have enabled clients to modernize ADM through AI, with major operational benefits." AI tools are automating ADM tasks, improving software quality and reducing downtime, the report says. Benefits can include higher efficiency, increased developer productivity and reduced time to market, along with proactive maintenance. Quality assurance is a high priority for many U.S. enterprises, and GenAI has strong potential in this area. By automating test creation and scenario simulation, it can speed up testing and uncover issues that manual inspections might miss. While U.S. companies are exploring this potential, they also want to apply quality assurance to GenAI to ensure it will operate correctly and ethically, ISG says. A growing number of U.S. enterprises seek provider engagements that cover both applications and underlying IT infrastructure, such as servers, networks and cloud services, the report says. These deals ensure applications are optimized for performance, scalability and security, while also reducing costs and streamlining vendor management. Companies are also increasingly shifting development to major public cloud platforms to create more scalable, resilient and flexible applications, ISG says. Orchestration tools like Kubernetes, along with microservices architectures, containerization and DevOps practices, have helped make this migration possible. "As market trends and customer needs change, cloud-native development lets enterprises quickly respond," said Jan Erik Aase, partner and global leader, ISG Provider Lens Research. "Greater agility is a key reason companies move application development to the cloud." The growing integration of site reliability engineering (SRE) with AI for IT operations (AIOps) practices has led to a significant shift in ADM operations, the report says. This approach uses machine learning and advanced analytics to sift through huge volumes of operational data, giving companies comprehensive insights into system performance. With it, SRE teams can pre-emptively discover and resolve potential issues and ensure uninterrupted service delivery. The report also explores other ADM trends in the U.S., including providers' increasing ability to address industry-specific requirements and the rise of Agile and DevOps practices in continuous testing services. For more insights into enterprise ADM challenges in the U.S., including the complexity of applying AI to specific use cases and the difficulty of determining GenAI's potential ROI, plus ISG's advice for addressing them, see the ISG Provider Lensâ„¢ Focal Points briefing here. The 2024 ISG Provider Lensâ„¢ Next-Gen ADM Services report for the U.S. evaluates the capabilities of 51 providers across six quadrants: Agile Application Development Outsourcing, Agile Application Development Projects, Application Managed Services, Application Quality Assurance, Continuous Testing Specialists and AI-enabled Application Development and Maintenance (AI-ADM). The report names Accenture, Capgemini, Cognizant, Deloitte, HCLTech, IBM, Infosys and TCS as Leaders in four quadrants each. It names LTIMindtree, Tech Mahindra and Wipro as Leaders in three quadrants each. Apexon, Hexaware and UST are named as Leaders in two quadrants each. Birlasoft, Cigniti, Coforge, DXC Technology, Eviden (Atos Group), HTC Global Services, Infinite Computer Systems, Persistent Systems and Qualitest are named as Leaders in one quadrant each. In addition, Quinnox is named as a Rising Star -- a company with a "promising portfolio" and "high future potential" by ISG's definition -- in three quadrants. Hitachi Digital Services is named as a Rising Star in two quadrants. Mphasis and TestingXperts are named as Rising Stars in one quadrant each. In the area of customer experience, Persistent Systems is named the global ISG CX Star Performer for 2024 among next-gen ADM service providers. Persistent Systems earned the highest customer satisfaction scores in ISG's Voice of the Customer survey, part of the ISG Star of Excellenceâ„¢ program, the premier quality recognition for the technology and business services industry. Customized versions of the report are available from Apexon, Capgemini, Persistent Systems, Qualitest and QA Consultants. The 2024 ISG Provider Lensâ„¢ Next-Gen ADM Services report for the U.S. is available to subscribers or for one-time purchase on this webpage. About ISG Provider Lensâ„¢ Research The ISG Provider Lensâ„¢ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Mexico, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage. About ISG ISG (Information Services Group) III is a leading global technology research and advisory firm. A trusted business partner to more than 900 clients, including more than 75 of the world's top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including AI, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,600 digital-ready professionals operating in more than 20 countries -- a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry's most comprehensive marketplace data. For more information, visit www.isg-one.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20241014347317/en/ Market News and Data brought to you by Benzinga APIs
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A new ISG report highlights how Generative AI is transforming the application development landscape in Europe and the U.S., driving innovation, efficiency, and market growth while presenting new challenges and opportunities.
Generative AI (GenAI) has emerged as a game-changer in the application development and management (ADM) sector, revolutionizing processes and driving market growth in both Europe and the United States. According to recent reports from Information Services Group (ISG), a leading global technology research and advisory firm, GenAI advancements have significantly transformed the European and U.S. next-generation ADM markets over the past 18 months [1][2].
GenAI is revolutionizing application development by automating complex tasks such as code generation, bug detection, and performance optimization. This automation has led to significant reductions in development cycles and improvements in accuracy [1]. In the U.S., AI tools are enhancing software quality, reducing downtime, and increasing developer productivity, resulting in faster time-to-market for new applications [2].
The adoption of GenAI is helping meet the growing demand for flexible, tailored, and scalable ADM solutions that comply with stringent regulations such as GDPR in Europe [1]. U.S. enterprises are increasingly seeking provider engagements that cover both applications and underlying IT infrastructure, ensuring optimized performance, scalability, and security [2].
Alongside GenAI, there's a growing trend of shifting development to major public cloud platforms. This move enables the creation of more scalable, resilient, and flexible applications. The use of orchestration tools like Kubernetes, along with microservices architectures, containerization, and DevOps practices, has facilitated this migration [2][3].
Despite its potential, the adoption of GenAI presents several challenges. It requires substantial initial investments in infrastructure and training. Enterprises must also ensure data privacy and ethical use of AI. Integration of advanced GenAI tools with existing legacy systems without disrupting ongoing operations remains a significant hurdle [1][3].
Quality assurance is a high priority for many enterprises, and GenAI shows strong potential in this area. By automating test creation and scenario simulation, it can accelerate testing processes and uncover issues that manual inspections might miss. However, companies are also focusing on applying quality assurance to GenAI itself to ensure correct and ethical operation [2].
The ISG report identifies several market leaders in the ADM space. Companies like Accenture, Capgemini, Cognizant, HCLTech, IBM, and Infosys are named as Leaders across multiple quadrants in both Europe and the U.S. [1][2]. The report also highlights Rising Stars – companies with promising portfolios and high future potential – such as T-Systems, Deloitte, and DXC Technologies [1].
While the exact impact of GenAI on the next-generation ADM landscape is difficult to predict, it is expected to drive innovation by enabling the creation of advanced predictive models and enhancing AI-driven application capabilities. This technological advancement will likely foster greater efficiency and innovation in the ADM sector [1][3].
As the ADM landscape continues to evolve, companies that successfully leverage GenAI and cloud technologies are poised to gain a competitive edge in the market. However, addressing challenges such as skill shortages, data privacy concerns, and ethical considerations will be crucial for sustainable growth and innovation in this rapidly changing field.
Reference
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