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☆ AI is helping the healthcare industry and could transform the way patients get drugs and treatments
▼ + stars: | 2023-12-22 | by ( Nicholas Fearn | ) www.businessinsider.com time to read: +10 min

In the pharmaceutical industry, AI may one day accelerate new-drug development. In the foreseeable future, McClain expects the healthcare industry to use AI technology to design personalized medicines. Risks to considerWhile AI offers promise for the healthcare industry, there are also a variety of risks professionals using AI must consider and mitigate. Showalter said that a lack of "comprehensive regulations" can also make using AI technology in healthcare settings risky. With this in mind, he said, the medical industry must understand the "fundamentals of AI and its applications in healthcare."

Persons: —, Sean McClain, McClain, Tim Showalter, Showalter, it's, Fred, haven't, Surya Josyula, Josyula Organizations: Experts, Service, Northwestern Medicine, Fred Hutchinson Cancer Center, UW Medicine, University of California, Fujitsu, Aichi Cancer, Fujitsu Laboratories of America Locations: University of California San Diego, Nagoya, Japan, China, United States

☆ AI is accelerating the recruitment process — but tech leaders warn of bias and other risks
▼ + stars: | 2023-12-20 | by ( Nicholas Fearn | ) www.businessinsider.com time to read: +11 min

HR and recruitment teams are beginning to use AI tools in multiple stages of the hiring process. But beware: AI recruitment can still be riskyWhile AI technology is helping recruiters in many ways, there are some risks to consider and mitigate. In 2022, researchers at Cambridge University found that AI recruitment tools weren't capable of eradicating bias or boosting diversity during the hiring process. These problems often arise because of biased historical data used for training AI recruitment technologies, Maynard said. Jackson recommended that companies develop strict policies governing the use of AI hiring tools and provide their recruitment teams with bias training.

Persons: —, Lindsey Zuloaga, HireVue, Pamela Maynard, Avanade, Maynard, Paolo Pescatore, Alexandra Levit, Levit, Roger Philby, she'd, it's, Annie Jackson, Cleo, Jackson, Parul Mishra, It's, Mishra Organizations: Service, Tech, Business, Chemistry Group, Sheffield Business School, Cambridge University, Amazon, Unilever, Microsoft, Companies, IBM

☆ Extended reality is helping solve some of marketing's biggest challenges by creating memorable, immersive customer experiences
▼ + stars: | 2023-11-09 | by ( Nicholas Fearn | ) www.businessinsider.com time to read: +8 min

A range of XR tech is available for marketingMarketers have a range of XR technologies to choose from when developing immersive marketing campaigns. Apple is one company that's "pushing the boundaries" of XR-based marketing, Van Belleghem said. XR to the rescueXR technology is also helping marketers solve many of their biggest day-to-day challenges. XR technology also makes scalability easier, Van Belleghem said, because it provides a "scale that real-life events simply cannot match." Getting XR marketing campaigns rightAn essential first step in successful XR-based marketing is to understand the target audience and ensure campaigns provide value to customers' lives, said Rogers.

Persons: —, Ludenso, Eirik G, Sol Rogers, Rogers, Steven Van Belleghem — who's, Steven Van Belleghem, Simon Windsor, Van Belleghem, Apple's, Windsor, Arif Miah, Mattel's, Barbie Organizations: XR, Service, Discovery, Ludenso, Puma, Disney, Microsoft, Windsor, Mud

☆ AI, machine learning, and robotics are making the retail supply chain more efficient and resilient — a welcome shift after several rocky years
▼ + stars: | 2023-10-26 | by ( Nicholas Fearn | ) www.businessinsider.com time to read: +11 min

AdvertisementAdvertisementIncreasing efficiencies in the retail supply chain is necessaryPaul Maguire, the head of retail delivery at the digital consultancy Endava, told Insider that embarking on a digital transformation was critical to better-connected and more resilient retail supply chains. Digital technology will "close gaps in supply-chain visibility" and help retailers "manage future unforeseen surges in product demand," he said. These innovations will "continue to bolster and streamline the retail supply chain as they become even more sophisticated," Maguire said. AdvertisementAdvertisementTo survive, Perry said that the retail supply chain must take steps to become more agile and flexible. ScanditA data-driven tech strategy can also help retailers appeal to sustainability-conscious consumers.

Persons: —, Paul Maguire, Maguire, John Perry, Perry, they'd, Wunderman, Arifi, Naji, Wunderman Thompson, Samuel Mueller, Mueller Organizations: Service, SCALA Consulting, Wunderman Thompson Commerce & Technology, DFS, Wunderman Thompson Commerce, Technology Locations: Ukraine, SCALA, British

☆ As cloud tech powers the world's most popular sports leagues, everyone from executives and coaches to players and fans reap the benefits
▼ + stars: | 2023-10-05 | by ( Nicholas Fearn | ) www.businessinsider.com time to read: +12 min

Cloud technology has proved a powerful tool for sports organizations around the world. This article is part of "Build IT," a series about digital tech and innovation trends that are disrupting industries. Cloud data and services are accessible anytime and from any location. AWSShe said AWS clients such as the German professional football league Bundesliga used cloud tech for improving the fan experience. "Every single element of this needs cloud services, scale, flexibility, security, and interoperability, which is a very important aspect."

Persons: —, Julie Souza, Drew Crisp, " Crisp, Crisp, Derek Schiller, Paola Olivari, Olivari, Lionesses, Alex Greenwood, Katie Robinson, Lotte Wubben, Naomi Baker, they're, Brian Shield, Souza, Ross McGraw Organizations: Service, Web Services, Amazon Web Services, Bundesliga, AWS, NFL, Liverpool FC, Liverpool Football, Atlanta Braves, Payments, Global Payments, Google, Football Association, FA, Boston Red Sox, East Coast MLB, Amazon Prime, Technology Locations: Moy, St, George's, Fenway

☆ Cash in or lose out: Banks are turning to AI, cloud computing, and Web3 to gain competitive advantage and customer loyalty
▼ + stars: | 2023-09-05 | by ( Nicholas Fearn | ) www.businessinsider.com time to read: +11 min

AI and cloud tech are giving some banks an edge over competitors and enticing brand loyalty. Traditional banks that ignore this reality risk losing loyal customers to digital banks that have emerged over the past few years, research suggests. Digital transformation is a must for banksWith online banking now the norm, digital transformation is no longer optional for banks. Legacy banking systems were not designed to provide the banking experience that people expect today," she said. As a result, banking customers and employees can view transactions in real time and deliver "a more seamless and personalized experience" for all stakeholders, she added.

Persons: Banks, Victoria Newton, Newton, Laura Merling, Merling, Jay Venkateswaran, WNS, Eno, Goldman Sachs, Nigel Vaz, Publicis, Publicis Sapient Nigel Vaz, Venkateswaran, Vaz, James Whybrow Organizations: Service, Starling Bank, Arvest Bank, Banking, Capital One, Microsoft, Bank of America, Amazon Web Services, Google, Economist Intelligence Unit, Arvest, Software AG, Software Locations: Wall, Silicon, It's, Starling, WNS, Morgan

☆ Emerging tech, from AI to extended reality, is radically reshaping today's business world — and leaders who don't get on board ASAP will be left in the dust
▼ + stars: | 2023-08-21 | by ( Nicholas Fearn | ) www.businessinsider.com time to read: +14 min

As technology shapes customer habits, entire industries, and society at large, digital transformation has become a critical priority for every company. A February report from Deloitte found effective digital transformation initiatives could increase market capitalization by a staggering $1.25 trillion. From artificial intelligence to extended reality, a variety of technologies are shaping digital transformation strategies. He said he expected industries with "significant human implications," such as healthcare and space exploration, to benefit the most from digital transformation. Extended reality — a combination of virtual reality, augmented reality, and mixed reality often called "XR" — is another technology that could revolutionize organizational cultures.

Persons: Nigel Vaz, Publicis, It's, Vaz, Jean Pelletier, Pelletier, Schneider, Beth Johnson, Johnson, Tom Fairbairn, Tom Fairbairn Fairbairn, Duncan Roberts, Roberts Organizations: Technology, Morning, Deloitte, Netflix, Schneider, Schneider Electric, Citizens Bank, Amazon Prime, Amazon Web Services, Company, Imperial College London Locations: Cognizant

☆ The head of tech at indie music publisher TuneCore credits the company's growth to its collaborative approach to building new products
▼ + stars: | 2023-04-13 | by ( Nicholas Fearn | ) www.businessinsider.com time to read: +6 min

Thanks to the advancement of technology, music is transforming rapidly and becoming more accessible than ever before. In an industry dominated by behemoths like Spotify and Apple Music, TuneCore continues to strengthen. The mastermind behind TuneCore's product, technology, and operations is chief technology and product officer (CTPO) Alisha Outridge. To create the most impactful products, TuneCore utilizes a dual qualitative and quantitative measurement approach. Reflecting on the past decade, Outridge said Web 2.0 technologies have transformed "how fans discover new music and artists, connect with their favorite artists, and how artists create music."

☆ The tech boss at a global PR firm says using AI tools like ChatGPT can inspire creativity and transform businesses — if you do it right
▼ + stars: | 2023-03-17 | by ( Nicholas Fearn | ) www.businessinsider.com time to read: +7 min

Kevin Dulaney leads tech innovation at Hotwire Global, a marketing and communications consultancy. "The pandemic highlighted the importance of this technology," Dulaney said. Recently, Hotwire Global's IT team developed a language library powered by AI chatbot ChatGPT. The AI-based language library — which is ChatGPT's colloquial rendering of Hotwire Global's original language library — is underpinned by Hotwire Global's existing processes, documents, information, and internal communications. To ensure employees use tools like ChatGPT ethically, Hotwire Global's IT team has created AI guidelines and best practices.

☆ Telehealth is soaring. Here's how telecommunications companies are racing to help patients through 5G technology.
▼ + stars: | 2022-11-11 | by ( Nicholas Fearn | ) www.businessinsider.com time to read: +7 min

During the difficult months of lockdown, many healthcare professionals conducted nonemergency appointments remotely to protect their patients and prevent COVID from spreading even further. Sanjiv Gossain, the group vice president and head of EMEA at Verizon Business, said that 5G technology will help the healthcare industry solve some of its biggest challenges. 5G use is increasing in health servicesMore companies are joining the effort to make healthcare more accessible through 5G technology. Joe Drygas, the vice president of healthcare solutions at AT&T, said that 5G will allow even more people to access healthcare globally. While cost and infrastructural challenges remain, 5G technology has already begun to transform healthtech and patient care.

☆ Transportation and logistics companies are betting their business models on 5G amid cost, infrastructure, and adoption challenges
▼ + stars: | 2022-10-13 | by ( Nicholas Fearn | ) www.businessinsider.com time to read: +7 min

Driverless car company Halo.Car and UK courier service Yodel join a growing list of companies pegging key offerings to 5G networks. 5G enables transport operators to deliver new mobile capabilities to enrich the experience of both drivers and passengers. With 5G technology, subway commuters benefit from improved download speeds and internet connectivity. Yodel claims that its software — combined with 5G connectivity — has helped drivers like Lloyd increase productivity by up to an hour each shift. Although 5G offers massive potential for transport and logistics firms, Davidson urges companies to continue testing other products, services, and solutions as 5G evolves.

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