Artificial Intelligence Related Content

IDC Spending Guide: Worldwide Spending on AI Forecast to Reach $632B in 2028

According to the IDC, worldwide spending on AI, including AI-enabled applications, infrastructure and related IT and business services, will more than double by 2028. read more

The Beginning of “Intelligence-as-a-Service”

Equipment-as-a-service, once considered a potential threat to traditional leasing, is becoming quickly antiquated as we enter a new era of intelligence-as-a-service. Paul Bent and Diane Croessmann explain why traditional equipment and asset funders should begin positioning themselves as enablers of new AI-enabled IaaS technology.... read more

Taking the Plunge: Tech Leaders’ Guide to Innovative Success

As all angles of innovation and technology continue to dominate industry conversations, Monitor sat down with three leaders of technology companies to discuss best practices for staying up to date with and implementing emerging tech to drive innovation in equipment finance.... read more

IDC Forecasts Demand for AI Platforms Software will Drive Remarkable Growth over the Next Five Years

The market for artificial intelligence (AI) platforms software grew at a rapid pace in 2023 and is projected to maintain its remarkable momentum, driven by the increasing adoption of AI across many industries, according to the International Data Corporation (IDC). read more

Certification and AI in eVTOLs and eCTOLs: Industry Leaders Avoid Autopilot in Bringing Electric Aircraft to Market

The march toward electric vertical takeoff and landing aircraft (eVTOL) certification is progressing, though some predict a delay in eVTOLs’ market entry. Leading eVTOL developers have nonetheless continued to innovate, with some developing electric conventional takeoff and landing aircraft (eCTOL) and others exploring the application of artificial intelligence to the eVTOL ecosystem.... read more

5 Tech Takeaways from Converge 2024

Scott Nelson

Monitor’s Converge conference is built for people like me. Converge has a multi-faceted focus on how organizations intertwine business strategy, productivity and technology. It is built for enthusiasts looking to learn about and share their experiences with these topics. I... read more

U.S. Treasury Identifies Cybersecurity Risks and Challenges of AI in Financial Services

According to a recent report from the U.S. Department of the Treasury, there is a widening gap between large and small financial institutions when it comes to in-house AI systems, with the rise of AI creating additional cybersecurity and fraud challenges. read more

AI Fitness Begins with Data Consolidation

Scott Nelson

Most aspirational 2024 New Years’ resolutions have fallen by the wayside leaving only those that are critical to mission and well-being. In equipment finance, Engaging AI in 2024 is one of the latter, not the former — making it a... read more

The Future of Work After AI: Human Wisdom Will Be the Most Valuable Business Asset

Jena Morgan

What does the future of work after AI look like? What if the most valuable business asset over the coming decades will be the wisdom of our mid-lifers and elders? I predict a big Western culture shift in which we... read more

Converge 2024: Creating an Innovative Future with Peter Hinssen

Monitor is hosting Converge 2024 on May 15 – 16 in Philadelphia to build the future of the industry with companies that want to be disruptive and innovative. Monitor chose the event’s keynote speaker, Peter Hinssen, to inspire and challenge Converge’s audience to turn ‘business as usual’ operations upside-down.... read more

Dakota Financial Implements Core Elements of Tamarack’s AI Product Suite

Dakota Financial partnered with Tamarack Technology on the implementation of Tamarack’s AI Product Suite – TrailView Customer Service Portal and DataConsole. Dakota is enhancing team productivity, customer service and overall business performance. read more

Where AI & ChatGPT Are Offering Equipment Asset Management Opportunities and Challenges for Equipment Finance Professionals

Hadley Benton

The highly developed and evolving artificial intelligence (AI)-driven tools and resources, including those that employ natural language processing like ChatGPT and Google’s recent AI offering Bard, are providing many new opportunities for today’s finance professionals. And while experts in the... read more

Spending on AI to Grow 26% and Reach $120B by 2025

Spending on artificial intelligence in the United States will grow to $120 billion by 2025, representing a compound annual growth rate of 26% during the 2021 to 2025 forecast period, according to International Data Corporation. read more

Not Another Buzzword: Top Technology Terms You Need to Know

Let’s face it, to the uninitiated, conversations about technology can sometimes sound like a long string of buzzwords. But understanding certain terms and implementing them will be vital to the continued success of equipment finance. With the help of our guest editors and several service providers, Monitor assembled a primer of essential technology terms. ... read more

IDC Forecasts Improved Growth for Global AI Market in 2021

Worldwide revenues for the artificial intelligence market, including software, hardware and services, are forecasted to grow 16.4% year over year in 2021 to $327.5 billion, according to International Data Corporation. read more

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