Friday, 24 March, 2023

Edelweiss Group CIO to use 50% IT budget towards innovation

<p dir="ltr">Edelweiss Group is working on various ML initiatives like anomaly detection, a real-time recommendation for clients, image recognition, sentiment analysis, etc. Their focus is on how to move a large portion of the IT budget from the regular running of a business to innovation. As a percentage of the budget, they would increase spending on innovation from the current 20% to 40-50% by next year.</p> <p><br /> &nbsp;</p>