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Technology decision makers hesitant to invest in conjectural technologies without immediate benefits
Endava , a technology services company , has found that given ongoing uncertainty within the technology sector , most decision makers are choosing technologies that offer more noticeable , near-term benefits . The findings are included in Endava ’ s 2024 Emerging Technology Unpacked Report , which launches and explores which new and emerging technologies business leaders are investing in .
The report uncovers a pattern of hesitation from leaders to invest in projects involving more conjectural technology and suggests that they are instead focusing on technologies which are more likely to offer near-term benefits .
When respondents were questioned about AI for example , nearly 50 % placed it as one of their top three initiatives and 43 % did the same for generative AI . However , when respondents were asked about the metaverse , 53 % said it would be moderately or very relevant however only 17 % has actually implemented a strategy .
Speaking on the research , Endava CTO Matthew Cloke said , “ As the global economy has faced a great deal of uncertainty in recent years , business leaders are focused on ensuring that their investments are placed in technologies which are most likely to provide near-term tangible benefits and resilience .
With this in mind , it is understandable that companies are putting large amounts of resources into Artificial Intelligence , particularly generative AI , as many expect to see an almost immediate impact .
The report , which surveyed almost 700 organisations of various sizes and industries globally found that in the drive towards operational efficiency , AI and generative AI were the top two priorities for organisations included in the study . Remarkably just 1 % of respondents are unfamiliar with artificial intelligence technologies , and less than 3 % say it is irrelevant to their business .
Big data and predictive analytics emerged as the third- and fourth-highest priorities among organisations , with over a third of respondents already implementing both technologies and a further 30 % in the process of doing so .
Internet of things , IoT was the fifth-highest priority for the study ’ s participants . 40 % of respondents already use IoT in some capacity , making it the most implemented technology in this year ’ s study . Only 17 % respondents had an ESG implementation strategy in place .
Dubai Central Laboratory implements AI-based technology to detect bacteria
Dubai Central Laboratory , affiliated with Dubai Municipality has implemented Artificial Intelligence technology which is the first in the region to detect Legionella pulmonary bacteria , a form of bacteria that causes several acute respiratory infections .
Matt Cloke , CTO Endava
The method is both accurate and sustainable in identifying live colonies of this type of bacteria . It also shows the results of the examination in specific concentrations from the specimen , accurately quantifying the bacterial counts to 99 % of the time . This also leads to faster completion rate of the work due to fewer requirements for laboratory supplies .
Eng Hind Mahmoud Ahmed , Director of the Dubai Central Laboratory Department commented , " This technology is very accurate and quick to produce results , typically needing 48 hours as opposed to the 14 days that traditional methods require ."
More than 100,000 tests are conducted yearly by microbiological analysis laboratories on a variety of food types , environmental water , and consumer products , ISO , IEC 17025:2017 to guarantee the safety of goods sold in Dubai markets . p
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