Remove 2030 Remove Efficiency Remove Operational Costs
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Key Software Development Outsourcing Statistics and Trends for 2024

Groove Technology

These projects support businesses in managing operations more efficiently and meeting their digital transformation goals. Cost Efficiency: Outsourcing software development offers significant financial benefits.

Software 100
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Role of AI in Revolutionizing Customer Experience in the Utility Sector

Mattsen Kumar

billion by 2030. from 2024 to 2030. IBM’s global study results demonstrate that 74% of Energy & Utility companies surveyed have implemented or are analyzing using AI in their operations. According to PwC AI-driven predictive maintenance can reduce operational costs by up to 30%.

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Sustainable technology: A competitive advantage for businesses

Capgemini

The market for sustainable technology is experiencing unprecedented growth, driven by several compelling factors: Economic benefits : Sustainable technology delivers cost savings and operational efficiencies. McKinsey reports that companies adopting sustainable practices can reduce operating costs by up to 60%.

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Renewable energy in action: Examples and use cases for fueling the future

IBM Services

More than 110 countries at the United Nations’ COP28 climate change conference agreed to triple that capacity by 2030, and global investment in clean energy transition hit a record high of USD 1.8 They are increasingly requiring their suppliers to use renewable energy and adopt energy-efficient practices. trillion in 2023.

Sourcing 101
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The future of renewable energy

IBM Services

But the next generation of clean energy requires more than just incentive, it needs innovative technology to improve energy efficiency and power generation to help the world reach net-zero emissions. In September 2022, The White House announced plans to deploy 30 GW of floating offshore wind power by 2030.

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How foundation models can help make steel and cement production more sustainable

IBM Services

The Paris Agreement on climate change also mandates that these industries will need to reduce annual emissions by 12-16% by 2030. Generative AI , when applied to industrial processes, can improve production yield, reduce quality variability and lower specific energy consumption (thereby reducing operational costs and emissions).

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A Complete Guide to Outsource Software Development Successfully for Your Projects

Groove Technology

Outsourcing software development has emerged as a powerful strategy for businesses seeking to enhance efficiency and innovation. This cost reduction stems from lower labor costs in certain regions, reduced overhead expenses, and the ability to scale resources as needed.

Software 130