| | DECEMBER 20226CIOReviewArtificial Intelligence has been strengthening its roots in the Latin American market with the rise in internet connectivity and smart devices. From algorithms that generate vegan recipes by analyzing animal-based food products and plant databases to machines that autonomously detect poisonous gases, AI is making strides in Latin America by enabling private and public organizations to tackle critical issues. In light of these trends, the Latin American artificial intelligence market size, valued at $2.2 billion in 2021, is expected to reach $10.5 billion by 2027, at a CAGR of 28.5 percent.This growth is mainly driven by technologies like chatbots and virtual assistants, which enable companies to improve their customer services. They can significantly improve response times and lighten administrative loads, helping organizations carry out day-to-day operations quickly and more efficiently. Another significant development in the Latin American customer service-focused AI space is a machine learning system that can analyze app activity and behavioral signals to understand how apps are used in diverse locations to predict purchasing decisions.To spotlight such key developments in the industry, CIOReview illustrates how Latin American organizations are leveraging the latest developments in AI to enhance their overall performance. The edition also features thought leadership articles from Federico Masias, SVP Information Technology, Baird & Warner, Victor Palau, Chief Technology Officer at global fintech Ebury, and Bobby Prill, Director, Data Science and AI, Computational Biology and Data Sciences, and Yong Yue, Senior Director, Computational Biology and Data Sciences, Ferring Research Institute, Inc., who shed light on various trends in the AI space, including key developments in self-managed storage units, compliance in digital banking, and drug discovery.In this edition of CIOReview, we also bring the story of some of the top govt video solution providers and service companies delivering the best outcomes for their clients. In the list, Kukac stands out with its AI technology powered by IBM WATSON, which helps agricultural entrepreneurs develop organic products, increase yields, and reduce costs. Through the following pages, we aim to highlight the innovative trends and latest developments in the Latin American AI space. We would like to know your thoughts.EditorialForging Ahead with AI-Powered Customer ServiceCopyright © 2022 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.CIOReviewEmail:sales@cioreview.comeditor@cioreview.commarketing@cioreview.com December - 20 - 2022, Vol 11, Issue - 58 (ISSN 2644-237X) Published by ValleyMedia, Inc.To subscribe to CIOReviewVisit www.cioreview.com CIOReviewEditorial StaffAaron PierceCarolynn WaltersShirley FaithRussell ThomasGina ClumskyYenny TurnerTiffany HayworthAbner LawrenceVisualizersChris LynnBrian Harding*Some of the Insights are based on our interviews with CIOs and CXOsJustin Smith Managing Editoreditor@cioreview.comManaging EditorJustin Smith
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