Key Takeaways * Organizations are seeking AI tools to monitor emerging situations like tariffs or geopolitical delays in real-time, which impact the supply chain, inventory, and pricing. * AI solutions are needed for real-time operational decisions, such as dynamically rerouting deliveries to optimize efficiency and improve the accuracy of [...]
Key Takeaways * Real-life usage analysis of GenAI in the enterprise reveals that 73% of user queries reflect a need to deal with urgent, unexpected business situations. * The adoption of GenAI tools leads to an "operational data boost." Organizations using GigaSpaces eRAG report an 85% improvement in response speed [...]
Key Takeaways * For decades, BI platforms monitored routine "business-as-planned" operations. However, their reliance on static data models and slow ETL cycles limits rapid adaptation to sudden changes like demand spikes. * While GenAI enhances BI productivity and accessibility, its AI features are often constrained by existing semantic models, [...]
GigaSpaces recognized as a Sample Vendor for the Digital Integration Hub category in the Gartner® Hype Cycle™ for for Revenue and Sales Technology, 2024, Hype Cycle for Banking Product and Service Innovation, 2024 and Hype Cycle for Application Architecture and Integration, 2024The reliance of digital apps on real-time data is [...]
Businesses are on the lookout for ways to harness the full potential of AI-driven productivity, yet issues with data accuracy, cost and safety continue to be a stumbling block. As Generative AI becomes more accessible with natural language, more employees are using it in many aspects of their work. [...]
In the fast-paced world of retail, every second counts. Yet, many retailers find themselves stuck in the mud, weighed down by outdated systems, siloed data, and a complex web of legacy infrastructure. This crippling technical debt acts as a brick wall, hindering innovation and preventing them from capitalizing on [...]
Gartner just recently published the 2023 Hype Cycle for Application Architecture and Integration. Not surprisingly, topping the list of major trends is Artificial Intelligence, and especially Generative AI, which allows software engineering and application integration leaders “to accelerate integration development through a conversational interface, as well as optimize the [...]
Despite the unstoppable move to the cloud, legacy systems are still frequently the foundation of enterprise data architecture. Many organizations rightly continue to rely on Mainframe and IBM AS/400 systems to run applications and programs that were developed years ago, and which continue to be essential for day-to-day operations. [...]
Digital transformation initiatives driving data and application architecture modernization have resulted in several novel and creative approaches. In any given article, analyst report, or professional discussion, new architectural approaches such as ‘Data fabric architecture’, ‘digital integration hub’, ‘data integration hub’, ‘data mesh’, and ‘event-driven’ are being touted as the [...]
1, 2, 3…. Xn - this is a very simple representation of the exponential growth in services and APIs with which an organization must contend. To store and process this data, most organizations start with a basic architecture that meets their requirements for their initial stages. Once they reach [...]
Legacy platforms that run COBOL remain a mainstay across a large swath of private and governmental organizations, especially in the banking and insurance sectors. They should also continue to play a key role for many banks’ and insurance firms’ digital transformations. All told, over 80% of all in-person transactions [...]
Achieving a customer-centric service within the financial sphere can be no easy feat; traditional banks are finding themselves competing with emerging digital banks, amongst many other pain points they are faced with in today’s modern world. Recently, Gigaspaces had the opportunity to moderate a virtual panel for CDAO Financial Services. [...]
Many applications today require the support of transactions at scale that must be calculated in real-time. These needs are most commonly seen in commercial transaction processing systems (OLTP) and some types of decision support systems such as fraud detection, risk analysis, predictive maintenance, and customer 360 applications. Typically these [...]
IDC says that by 2022, more than 90 percent of enterprises worldwide will rely on a mix of on-premises or dedicated private clouds, multiple public clouds, and legacy platforms to meet their infrastructure needs. The report also predicts that a rising desire by companies to mitigate future disruptions by [...]
The Covid-19 pandemic has had an unprecedented, profound and lasting impact on the economy, rapidly accelerating the transition from brick and mortar to digital services, especially retail and eCommerce. Black Friday, originally known for its door-busting crowds rushing at big-box retailers, now has become a pay-by-click digital affair, with most [...]
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