Recent advances in artificial intelligence (AI), particularly in generative AI with the release of large language models (LLM) such as OpenAI’s GPT 3.5 and 4.0, Google’s Gemini, and Meta’s Llama in 2023, have had a profound effect on business procedures and practices in several industries, including software development, operation, [...]
It’s Monday morning, and Sam woke up to a gentle sound on his phone. It’s not an alarm but his new financial pal—a voice-activated AI assistant. This friendly voice, tailored to his financial goals, provides a personalized morning briefing of his accounts, highlights upcoming bills, and even suggests budget-friendly [...]
Floods are the most common natural disaster worldwide. A flood is demarcated as an overflow of water that submerges land that is usually dry. Flash flooding befalls when heavy rainfall over a short period hits areas with inadequate drainage. Other causes of flood events comprise high tides, storm surges, [...]
Today, Site Reliability Engineering (SRE) emerges as the key player in the fast-paced modern industries, where the demand for seamless software delivery collides with the need for reliability, maintaining this delicate equilibrium. It’s not merely a role; it’s a strategic position that safeguards system health while strategically mitigating the [...]
The digital engineering and assurance landscape is swiftly changing, propelled by technological strides, sustainability initiatives, and shifting industry needs. With 2024 on the horizon, distinct trends are surfacing, demanding attention from sector experts and companies aiming to maintain their competitive edge. Digital Engineering Trends to Follow in 2024 In 2024, an [...]
What Is a Catastrophe Hazard? A catastrophe hazard is a severe and widespread event that causes significant damage and financial loss. These events are frequently natural disasters or large-scale human-made incidents that affect expansive and contemporary claims. Catastrophe hazards pose substantial trouble to insurers, as they can lead to a [...]
ChatGPT was synonymous with Generative AI some time back, prompting me to explore its impact on the payments industry in a previous blog. However, it’s crucial to acknowledge that Generative AI is the encompassing circle in the Venn diagram, with ChatGPT being one of the circles nested within it. [...]
Customer services now constitute one of the key distinguishing factors of banks in an ever-changing environment. With increasing customer requirements, banks must adopt and incorporate novel technological methods to provide customized services. A very promising technology in this regard is generative AI. Generative AI in core banking systems will [...]
Generative artificial intelligence represents a category of AI that utilizes generative models to produce text, images, or other forms of media. These models grasp the intricacies and structure of their input training data, enabling them to generate new data with similar characteristics. Generative AI in insurance plays a pivotal role [...]
As of 2023, organizations engaged in software development are investing 31% of their total budget into ensuring software quality meets their defined standards. Being in software development is like participating in a race against time in today’s rapidly evolving business model driven by digital platforms. Companies are under continuous pressure [...]
