Nearly two in three financial services firms have started using artificial intelligence (AI) and look to utilise it across the full value chain in the next two years, says a report. A Capgemini report released on Friday highlighted that implementing cloud at scale is critical to harvest the full value of AI investments and the financial services firms have seen limited impact of AI due to low-scale adoption. "One-in-two banks and insurers have not moved their core business applications to the cloud," the report said. As many as 91 per cent of banks and insurance companies have now initiated their cloud journey, a significant increase from 2020, when only 37 per cent of firms had embarked on their cloud transformations. However, this high rate and its corresponding investment do not translate to effective cloud adoption at scale. More than 50 per cent of firms surveyed have only moved a minimal portion of their core business applications to the cloud, the report said. The value of
The French IT company, Capgemini's employees have been asked to work from the office two days a week
In value terms, commercial payments account for 56 per cent, while retail make up around 44 per cent of total payments value
The company also said that it plans to double its data and AI teams to 60,000 in the next three years
66% of them would be willing to seek advice from the technology for personal relationships or life and career plans
The big four are best known for their accounting and audit services globally. However, with time, they have added several more services to their work
The three companies have joined efforts on the design and installation of the solution at Schneider Electric's hoisting lab in Grenoble, France
TCS co-opting a third of Boeing workers facing job cuts not an exception; analysts admit that the practice is returning, though not a full-fledged trend yet
Technology services major Capgemini on Monday acquired Quorsus, a UK-based firm specializing in consultancy services to financial institutions, for an undisclosed sum
Salil Parekh has brought the company back to a healthy growth trajectory, improved employee morale and won the promoters' trust as well as investor confidence
Technology services major Capgemini on Monday said it has acquired Chappuis Halder & Cie (Chappuis Halder), a global strategy and management consulting firm, for an undisclosed sum.
The YuWaah board would now function as a decision-making body and support the YuWaah Secretariat for funding and functional expertise, a statement by UNICEF said
'India is well positioned to work on theories like connected products, intelligence supply chain, and others', said Ezzat
Capgemini's total headcount stood at 324,700 at the end of December, and it has been on a hiring spree in India.
The company is increasing the number of centres of excellence in the country this year. Many of these will now focus on technologies like IoT, smart factory, intelligent supply chain
Bharti Airtel and technology services major Capgemini on Tuesday announced to collaborate on bringing India-specific, 5G-based enterprise grade solutions to the country.
Financial services grew 5.4 per cent on a constant currency basis.
Though the salary level of the students being hired has remained Rs 3-3.5 lakh for years, companies are ready to shell out more for those who excel in coding and programme languages
For Ashwin Yardi, CEO India, Capgemini, the focus is to make sure that the India unit is aligned with global plans of repositioning company as a hub of engineering R&D, operational technology, and IT
French peer Dassault Systemes and U.S. rival Accenture also raised their 2021 forecasts