The oil and gas industry is expected to benefit from long-term advantages through digitalization initiatives, according to a report by GlobalData. The report highlights the adoption of technologies such as artificial intelligence, blockchain, cloud computing, IoT, robotics, and virtual and augmented reality by major companies like ADNOC, BP, Chevron, ExxonMobil, Shell, and TotalEnergies. These technologies are being used to solve business problems in the industry, with field personnel using handheld devices to collect data, make notes, and communicate with their teams.
https://www.lokmattimes.com/technology/oil-and-gas-industry-set-for-long-term-benefits-with-digitalisation-report-1/In 2025, corporate legal departments can expect four key trends to shape their operations. Firstly, artificial intelligence (AI) will increasingly automate routine tasks, freeing up time for more strategic work. Secondly, legal operations professionals are poised to take on bigger strategic roles as the field continues to evolve. The development of legal technology, which includes a range of tools for in-house legal teams and law firms, is also expected to accelerate due to advancements in generative AI.
The corporate legal departments are expected to see significant developments in 2025, driven by advancements in technology. Artificial intelligence (AI) is poised to automate more routine tasks, freeing up time for legal operations professionals to take on bigger strategic roles. The field of legal tech, which includes a range of tools for in-house legal teams and law firms, has experienced rapid growth due to the adoption of generative AI. This trend is expected to continue, with legal operations professionals looking to leverage technology to drive innovation and efficiency in their work.
https://news.bloomberglaw.com/artificial-intelligence/four-trends-for-corporate-legal-departments-to-watch-in-2025In 2024, the focus shifted from developing artificial intelligence models to creating practical applications that utilize their capabilities without being overly expensive. According to Arvind Narayanan, a computer science professor at Princeton University and co-author of "AI Snake Oil", companies are now building products that can effectively use generative AI technology, such as Google's AI-generated search results and photo editing tools. This marks a departure from 2023, when powerful models like ChatGPT were released without clear ways for users to leverage their capabilities, making them seem either extremely helpful or mediocre in various tasks.
https://apnews.com/article/ai-artificial-intelligence-0b6ab89193265c3f60f382bae9bbabc9Dan Priest, the newly appointed Chief AI Officer at PwC, a leading consulting firm, is focusing on scaling artificial intelligence (AI) in businesses in 2025 after proving its value in 2024. In an interview with The Associated Press, Priest discussed his role and PwC's predictions for the year ahead, noting that companies will increasingly adopt AI into their daily operations and future business models.
https://www.tbsnews.net/tech/ai-becoming-ingrained-businesses-where-it-going-2025-1030681TurboTax plans to capitalize on the Super Bowl's advertising momentum by promoting its AI-powered features, such as Intuit Assist, in a campaign that highlights the benefits of artificial intelligence, including speed and lower pricing. The company's marketing efforts come amidst growing consumer concerns over the use of generative AI in advertisements from brands like Spotify, Google, and Apple.
https://www.adweek.com/brand-marketing/turbotax-is-going-after-gen-z-as-it-gears-up-for-its-12th-super-bowl/In the Philippines, retailers are leveraging artificial intelligence (AI) to enhance their supply chains and stay competitive in a rapidly changing market. Despite AI's potential benefits, only 22% of organizations in the country have adopted it, highlighting a need for greater adoption.
https://www.manilatimes.net/2024/12/29/business/sunday-business-it/how-ai-brings-efficiency-profitability-to-supply-chains/2028065A new report from PYMNTS and NerdWallet found that CFOs are increasingly turning to generative artificial intelligence (GenAI) to improve financial reporting and decision-making. According to the data brief, 71% of finance leaders believe GenAI will have a significant impact on their industry in the next two years. The report highlights the growing importance of AI in treasury management, with 60% of respondents citing improved working capital as a key benefit of implementing GenAI solutions. Companies such as SAP and Oracle are already investing heavily in GenAI technology to support financial reporting and decision-making.
https://www.pymnts.com/cfo/2024/68percent-of-cfos-see-genai-as-crucial-for-financial-reporting/According to NLX CEO Andrei Papancea, a significant number of retailers are planning to implement customer-facing generative AI for the holiday season, but its widespread adoption is not yet apparent in the industry.
https://www.pymnts.com/artificial-intelligence-2/2024/retailers-bet-on-ai-to-drive-holiday-sales/