Global supply chains are becoming stronger, but there are weaknesses
Global supply chains have made an impressive recovery since the COVID-19 pandemic sent them into a deep freeze. But as 2025 approaches, many issues still need to be addressed by companies as cracks remain in the supply chain. Also read: Resilience in adversity: How recent turmoil has strengthened supply chains Many areas are interrupted by warwhile others are teetering on the edge. Businesses also face changing customer demands and a volatile market. For manufacturers sourcing raw materials, the problem is compounded by climate change-related fluctuations in crop yields and political instability in areas important for minerals and similar commodities. If there's any good news, it's that organizations across all verticals are learning how to deal with uncertainty. This is no longer shocking, now they are developing new strategies, tools and techniques to ride the wave. Primarily, supply chains are turning digital, adopting artificial intelligence (AI), machine learning (ML) and the Internet of Things (IoT). Automating tedious manual processes reduces the…
How Generative AI is a Game Changer for Online Trading
The development of generative AI promises to usher in a new era in capital markets, with the potential to revolutionize the way we invest, operate, and value businesses. Also read: Top 5 tips for successful online stock trading The financial landscape is about to be transformed by this technology, including models like OpenAI’s GPT-3 and GPT-4. It opens up unprecedented possibilities for efficiency, accuracy, and innovation. What does the data show? according to McKinseygenerative AI could potentially increase the impact of all AI by 15-40%, equivalent to $2.6 trillion to $4.4 trillion in value created annually across a range of use cases. according to Dimension Market Researchthe global transaction generation artificial intelligence market size is expected to reach US$208.3 million by 2024 and US$1,705.1 million by 2033. The market compound annual growth rate (CAGR) is expected to be 26.3% in 2024. Artificial intelligence (AI) first emerged in the stock market when algorithmic trading, a type of automated trading performed by…
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