article thumbnail

Key Software Development Outsourcing Statistics and Trends for 2024

Groove Technology

billion, with projections indicating a 5% annual growth until 2027, primarily driven by enterprise software development requirements. This trend is expected to grow as RPA technology becomes integral to automating repetitive tasks and improving operational efficiency. The IT outsourcing market has reached $617.69

Software 100
article thumbnail

Overcoming the Barriers of RPA Implementation

Automation Anywhere

between 2020 and 2027. Limited cost savings/benefits The cost savings and benefits of RPA , whether on-premises or in the cloud over legacy, manual solutions for business, are well documented. RPA can cut operating costs. For example, according to KMPG, RPA can cut costs for financial services firms by 75%.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

IBM and Microsoft partnership accelerates sustainable cloud modernization

IBM Services

According to the IT Sustainability Beyond the Data Center report from the IBM Institute for Business Value, some estimates suggest that there has been a 43% absolute increase in the power capacity demand by data center operators between 2018 and 2021, and that the global data center market will grow by more than 30% between 2021 and 2027.

article thumbnail

Insuring the future with a payer-provider partnership

Capgemini

Gen AI has started helping both payers and providers reduce operational costs, streamline processes, and bring efficiencies. Requiring payers to upgrade their patient access API to include prior authorization data and implement a provider access API by January 2027.

article thumbnail

6 Intelligent Document Processing Myths, Debunked

Metasource

The results include decreased operational costs and competitive advantages that position organizations for increased revenue generation. Further proving this point, according to a Deloitte survey , AI solutions are generating revenue and reducing costs for 90% of organizations using them. hours per week.

article thumbnail

BPO Philippines Reshaping The Retail & Banking Industry For 2022

Magellan Solutions

With an expected CAGR of 45.23% between 2020 and 2027, the future of neo-banking looks very promising. . Artificial intelligence and technological advancements will render better management of banking services executed at lower operational costs. AI for Data Analytics.

Banking 52
article thumbnail

The Synergy of Digital Transformation: Navigating AI, Cloud, and Industry 4.0 

Zinnov

Outcome : Increased Productivity : Automation of fault tree creation streamlined maintenance processes, reducing downtime and operational costs. times over the next four years, accounting for over half of the ER&D spend by 2027. Zinnov’s report highlights this shift, projecting Digital Engineering Spend to increase 1.6