AI tech could drive 6% revenue growth for banks: Accenture
The Business Guardian|May 01, 2024
Banks worldwide, including those in India, stand to significantly boost productivity and revenues by integrating generative AI (GenAI) into their operations, as per a report by IT consultancy firm Accenture.
AI tech could drive 6% revenue growth for banks: Accenture

The study analyzed publicly available employee data to gauge the impact of GenAI on banking tasks, modelling the financial implications for over 150 large banks globally over a three-year period.

The research revealed that banks moving swiftly to implement GenAI across their organizations could potentially increase revenues by up to 600 basis points (bps) within three years. Effective adoption and scaling of GenAI could also lead to a substantial 30% increase in employee productivity by streamlining various language-related tasks.

Diese Geschichte stammt aus der May 01, 2024-Ausgabe von The Business Guardian.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der May 01, 2024-Ausgabe von The Business Guardian.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS THE BUSINESS GUARDIANAlle anzeigen
The Business Guardian

DELHI HIGH COURT WAIVES RS7SLK COST IMPOSED ON LAW STUDENT FOR FILING PIL SEEKING RELEASE OF ARVIND KEJRIWAL ON EXTRAORDINARY INTERIM BAIL

The Delhi High Court in the case We the People of India v. Union of India and Others observed and has waived an amount of Rs. 75,000 costs imposed on a law student who filed a Public Interest Litigation, PIL seeking release of Chief Minister Arvind Kejriwal on 'extra ordinary interim bail' in all the criminal cases registered by against him.

time-read
2 Minuten  |
May 22, 2024
Biden denies genocide allegations against Israel in Gaza
The Business Guardian

Biden denies genocide allegations against Israel in Gaza

White House Dcelebration for Jewish American Heritage month on Monday, US President Joe Biden stated that the events in Gaza do not constitute genocide.

time-read
2 Minuten  |
May 22, 2024
DALAI LAMA CONGRATULATES NEW TAIWANESE PRESIDENT LAI CHING-TE
The Business Guardian

DALAI LAMA CONGRATULATES NEW TAIWANESE PRESIDENT LAI CHING-TE

Further, Dalai Lama wished Lai success in overcoming the challenges and fulfilling the hopes and aspirations of the people of Taiwan

time-read
1 min  |
May 22, 2024
The Business Guardian

Apple appeals 1.8 bn EU Antitrust fine over Spotify restrictions

Apple Inc. is challenging a ₹1.8 billion ($1.9 billion) fine levied by the European Union for thwarting fair competition from music-streaming rivals, including Spotify Technology SA.

time-read
1 min  |
May 22, 2024
INDIA TO HOST FIRST-EVER FOCUSED WORKING GROUP ON ANTARCTIC TOURISM
The Business Guardian

INDIA TO HOST FIRST-EVER FOCUSED WORKING GROUP ON ANTARCTIC TOURISM

National Centre for Polar and Ocean Research NCPOR), Goa under Ministry of Earth Sciences, and the Antarctic Treaty Secretariat will organize these meetings in Kochi, Kerala

time-read
2 Minuten  |
May 22, 2024
FSIB defers SBI chairman interview until after elections
The Business Guardian

FSIB defers SBI chairman interview until after elections

In an unexpected turn of vices Institutions Bureau (FSIB), the headhunter responsible for appointing directors of state-owned banks and financial institutions, has deferred the scheduled interview for selecting a suitable candidate for the post of SBI chairman. This decision was made just hours before the interview was set to take place, sources have reported.

time-read
2 Minuten  |
May 22, 2024
2024 INDIA LEADERSHIP CONCLAVE POWER BRAND AWARDS RECOGNIZE TOP BUSINESS LEADERS
The Business Guardian

2024 INDIA LEADERSHIP CONCLAVE POWER BRAND AWARDS RECOGNIZE TOP BUSINESS LEADERS

Actress Leslie Tripathy brought glamour, while Dr. Satya Brahma's keynote set the stage for engaging discussions at the grand conclave.

time-read
1 min  |
May 22, 2024
Government enforces mandatory registration for IT and electronics imports
The Business Guardian

Government enforces mandatory registration for IT and electronics imports

The Indian government continues to enforce stringent restrictions on importing unregistered information technology (IT) and electronics products, as outlined in a recent notification from the commerce department dated May 20.

time-read
2 Minuten  |
May 22, 2024
PM Modi alleges nation cannot progress with INDIA bloc's misdeeds
The Business Guardian

PM Modi alleges nation cannot progress with INDIA bloc's misdeeds

Prime rime Minister Narendra Modi on Tuesday accused the INDIA bloc of corruption, appeasement politics, and a \"perverted anti-Sanatan mindset.\" He asserted that these issues would receive a decisive setback when the Lok Sabha election results are announced on June 4.

time-read
3 Minuten  |
May 22, 2024
India Eyes Joint Oil Deal with Russia, State Refiners, RIL in Talks
The Business Guardian

India Eyes Joint Oil Deal with Russia, State Refiners, RIL in Talks

India has taken an unusual step by urging its state-run oil refiners and private sector giant Reliance Industries Ltd. to collaboratively negotiate a long-term oil supply deal with Russia

time-read
2 Minuten  |
May 22, 2024