AI adoption can boost revenue by 10%, cut costs by 15% for media industry: EY

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Adoption of artificial intelligence (AI) can increase revenues by 10% and reduce costs by 15% for media and entertainment companies, EY asserted in a report published during the first edition of WAVES Summit.The global media and entertainment (M&E) industry is undergoing a dramatic transformation, driven by the proliferation of artificial intelligence.

From content creation and curation to monetisation and distribution, AI is becoming integral to how stories are told and consumed.

“Our analysis indicates that in the medium term, AI can increase…



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AI adoption can boost revenue by 10%, cut costs by 15% for media industry: EY


Adoption of artificial intelligence (AI) can increase revenues by 10% and reduce costs by 15% for media and entertainment companies, EY asserted in a report published during the first edition of WAVES Summit.The global media and entertainment (M&E) industry is undergoing a dramatic transformation, driven by the proliferation of artificial intelligence.

From content creation and curation to monetisation and distribution, AI is becoming integral to how stories are told and consumed.

“Our analysis indicates that in the medium term, AI can increase…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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