Weekly Newsletter

18 August 2023

Weekly Newsletter

18 August 2023

Cloudflight to open office in Amsterdam

German digital solutions provider Cloudflight is expanding its presence in Amsterdam by opening a new office in the city.

Richard Gardham August 16 2023

Cloudflight Holding, a Germany-based full-service provider of industrial digital transformation solutions that provides digitisation and cloud-based services, has announced that it plans to open a new office in Amsterdam, the capital city of the Netherlands. The office will have workspace for 30.

The company already has operations in central Amsterdam, having opened an office in the city in 2021. Cloudflight was created in 2019 through the merger of custom software company Catalysts and IT analyst company Crisp Research. It now has operations in five different countries, employing more than 1,000 people.

Amsterdam has established itself as a leading European city for start-ups in recent years, although its strengths are numerous, with agritech being another growing area in which it excels.

Digitalization - a key buzzword in the financial services sector

The AI market is expected to achieve a CAGR of more than 35% between 2022 and 2030, per GlobalData estimates. The launch of ChatGPT in November 2022 sparked renewed interest in AI, whose key use cases in the financial services sector range from enhancing customer interactions through chatbots to providing better loan terms through data-driven risk assessments and the automation of laborious back-end processes. Companies in the industry must use AI technologies such as machine learning, computer vision and conversational platforms to achieve time and cost efficiencies and remain competitive.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close