September 5, 2024
Tech News
A recent global survey indicates a shift in work preferences, with 84% of employees feeling more productive in hybrid or remote work settings. Younger workers, especially those aged 18-24, show even higher confidence in remote work’s productivity benefits. While flexible work arrangements are preferred by many, in-person interactions at the office are still valued by a significant portion of employees.
Generative AI (GenAI) is revolutionizing business efficiency when combined with automation, as highlighted by Jess O’Reilly, UiPath’s Asia Vice President. Companies integrating GenAI with automation report significant productivity gains, with examples like MongoDB improving task completion by 90%, saving over 230,000 working hours. Small to medium businesses (SMBs) are encouraged to leverage prebuilt AI models and government resources to effectively integrate GenAI while addressing ethical concerns.
Verizon is in advanced talks to acquire Frontier Communications to expand its fiber internet services. This potential acquisition would allow Verizon to regain former Fios subscribers and enhance its fiber network amidst growing competition in the telecommunications sector. Verizon’s consumer group CEO emphasized the importance of owning the fiber business to reduce customer churn and improve service offerings.
Tech Explained
Generative AI (GenAI) – Generative AI, also known as generative adversarial network (GAN), is a type of artificial intelligence that generates new content, such as images or text, by learning from existing data.
Automation – Automation refers to the use of technology to perform tasks with minimal human intervention, leading to increased efficiency and productivity in various industries.
Fiber internet services – Fiber internet services use fiber-optic cables to transmit data at high speeds, providing faster and more reliable internet connections compared to traditional copper cables.
Customer churn – Customer churn refers to the rate at which customers stop doing business with a company, often measured as a percentage of total customers over a specific period.
Telecommunications sector – The telecommunications sector includes companies that provide communication services through various means, such as telephone, internet, and television.
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