Industry news

On September 9, 2023, esteemed research analysts from The Goldman Sachs Group released a report providing comprehensive coverage on Everest Group (NYSE:EG), offering valuable insights into the company’s stock. In this report, Goldman Sachs analysts awarded Everest Group with a “buy” rating.

As of the opening on Friday, EG shares were priced at $367.22. Over the past twelve months, Everest Group has witnessed a fluctuation in its stock performance, with a low of $244.57 and a high of $394.99. This volatility indicates potential opportunities for investors to capitalize on market trends.

Read the full article on BestStocks here.

Deloitte, the biggest of the “Big Four” consultancies, reported its global results yesterday achieving aggregate global revenue of $64.9bn for FY2023 (year to the end of May), up 14.9% in local currency (9.3% increase in US$) on the prior year.

Deloitte is also the biggest of the consultants in TMV’s UK SITS Supplier Rankings 2023 sitting just inside the ‘Top 20’, marginally ahead of rival PwC. Deloitte’s SITS activity operates within its Consulting practice which saw revenue grow 19.1% to $29.6bn last year, off the back of demand for digital transformation.

Read the full article on TechMarketView here.

The UK government has set out five objectives for its AI safety summit in November, which will be held at Bletchley park.

The AI Safety Summit will bring together key countries, as well as leading technology organisations, academia and civil society to inform rapid national and international action at the frontier of Artificial Intelligence (AI) development.

Read the full article on TechMarketView here.

Procurement Magazine takes a look at 10 of the top use cases for artificial intelligence (AI) in procurement including

Being a fast-paced and highly competitive market, procurement faces extreme pressure to deliver cost savings, manage risk, and ensure that they meet ESG standards. To ensure the function is agile in order to keep up with changing dynamics, artificial intelligence (AI) can transition the function from reactive to proactive and push data-driven insights.

With the emergence of Generative AI, the solution has sparked a surge in investment for the technology that is expected to value at US$2 trillion by 2030.

As recruiters and businesses strive to find the best talent that aligns with their needs and organizational fit, the process of talent acquisition becomes paramount. One essential aspect that plays a crucial role in this process is sourcing.

Strategic sourcing enables businesses to access hidden talent, develop a solid talent pipeline, and ultimately improve recruiting decisions. It expedites the hiring process while simultaneously helping to improve the quality of new hires, which boosts output and enhances organizational performance.

Read the full article on Brightmove here.

The interest in artificial intelligence (AI) has grown rapidly in recent years, not least with the development and launch of OpenAI's ChatGPT, investment from Microsoft and competitor tools such as Google Bard.

There has also been a marked increase in research, and development and adoption of AI by businesses has been rapid. If the IBM Global Adoption Index 2022 is anything to go by, then a staggering 35% of organisations have already adopted AI in their daily business operations, with an additional 42% of organisations reporting to be actively exploring various AI options that are right for them.

Read more on Computing here.

AI software specialist o9 Solutions has struck a strategic supply chain alliance with PwC US, the companies have announced.

The alliance combines PwC's technical capabilities and o9’ Solutions AI-based supply chain management solution, called the ‘Digital Brain'. PwC US will work as o9 Solutions' Digital Brain integrating partner in the market.

Areas of focus will be commercial planning, forecasting, demand and supply management, and integrated business planning.

Renewable-energy and sustainability leaders from RES, Octopus Energy, and IBM discuss how digital and AI can help drive efficiency, innovation, and collaboration to reach net zero.

With digital and AI capabilities increasingly embedded in organizations over the past five years, we wanted to hear firsthand how companies focused on renewable energy and sustainability are applying them to accelerate the net-zero transition: What initiatives are being driven by AI and digital?

Read the full article on McKinsey & Company here.

Salesforce has announced it results for Q2 2024, showing revenue up 11% year-over-year in constant currency to $8.6bn.

Product-wise, recent months have seen the company focus on rolling out generative AI right across its portfolio – plus ramping up its functionality to support ESG reporting with Net Zero Cloud.

Read the full article on TechMarketView here.

Aviva is a leading player in the insurance sector, recognised globally for its robust insurance solutions and services. With a broad portfolio that caters to various segments, the company has entrenched its position as a trusted name in the industry.

Jason Storah, a seasoned professional with two decades in the industry, has been appointed as the CEO of UK & Ireland General Insurance. Tracy Garrad, boasting an illustrious career in financial services, insurance, and healthcare, will be stepping into the role of CEO of Aviva Canada.

Read the full article on FinTech Global here.