Posts tagged banking
New IDC Spending Guide Sees Strong Growth in Blockchain Solutions Leading to $15.9 Billion Market in 2023

Worldwide spending on blockchain solutions is forecast to be nearly $15.9 billion in 2023, according to a new update to the Worldwide Semiannual Blockchain Spending Guide from International Data Corporation (IDC). IDC expects blockchain spending to grow at a robust pace throughout the 2018-2023 forecast period with a five-year compound annual growth rate (CAGR) of 60.2%. Blockchain spending in 2019 is forecast to be $2.7 billion, an increase of 80% over 2018.

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Bank Cost Savings Via Chatbots To Reach $7.3 Billion By 2023, As Automated Customer Experience Evolves: Juniper Research.

A new study from Juniper Research has found that the operational cost savings from using chatbots in banking will reach $7.3 billion globally by 2023, up from an estimated $209 million in 2019. This represents time saved for banks in 2023 of 862 million hours, equivalent to nearly half a million working years.

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Worldwide Big Data, Business Analytics Revenues to Hit $260 Billion By 2022: IDC

A new update to the Worldwide Semiannual Big Data and Analytics Spending Guide from International Data Corporation (IDC) forecasts worldwide revenues for big data and business analytics (BDA) solutions will reach $260 billion in 2022 with a compound annual growth rate (CAGR) of 11.9 percent over the 2017-2022 forecast period. BDA revenues are expected to total $166 billion this year, an increase of 11.7 percent over 2017.

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