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Always on the cusp of technology innovation, the financial services industry (FSI) is once again poised for wholesale transformation, this time with Generative AI. GenAI-powered financial services use cases Across the sector, GenAI is empowering innovation and enabling new work patterns.
It has become a strategic cornerstone for shaping innovation, efficiency and compliance. As enterprises scale their digital transformation journeys, they face the dual challenge of managing vast, complex datasets while maintaining agility and security. In 2025, data management is no longer a backend operation.
It allows tourism companies to anticipate demand, optimize resource management, and improve sustainability, he says.And in an environment where speed, precision, and personalization are essential, its vital to adopt solutions to improve the customer experience and be on the front foot to new market changes.
How does a business stand out in a competitive market with AI? For others, it may simply be a matter of integrating AI into internal operations to improve decision-making and bolster security with stronger fraud detection. Above all, robust governance is essential.
AI a primary driver in IT modernization and data mobility AI’s demand for data requires businesses to have a secure and accessible data strategy. Key challenges include designing and deploying AI infrastructure, with priorities such as data security (53%), resilience and uptime (52%), management at scale (51%), and automation (50%).
The main commercial model, from OpenAI, was quicker and easier to deploy and more accurate right out of the box, but the open source alternatives offered security, flexibility, lower costs, and, with additional training, even better accuracy. Meta originally went to market with a number of smaller models, says Sarer.
AI, once viewed as a novel innovation, is now mainstream, impacting just about facet of the enterprise. Over the next 12 months, IT leaders can look forward to even more innovations, as well as some serious challenges. The pace of change in the global market and technology landscape demands organizations that can adapt quickly.
Innovate Shane McDaniel, CIO for the City of Seguin, Texas, says his city has grown by about 35% since the 2020 census. McDaniel says this work also creates a strong launchpad for more IT innovation in the upcoming year. Were embracing innovation, he explains. Heres what they resolve to do in the upcoming 12 months.
For Du, this investment in Oracle’s sovereign cloud infrastructure is a strategic move to ensure that the UAE’s public sector embraces AI and cloud services within a framework that upholds data sovereignty and national security. We see huge potential in the UAE’s ICT market, and we’re committed to pushing the boundaries of what’s possible.”
According to IDC’s Worldwide AI and Generative AI Spending Guide (August 2024) , the global AI market is expected to surge from US$235 billion in 2024 to US$632 billion by 2028. Tencent Cloud stands to benefit, particularly in APAC, where market size is predicted to grow from US$45.4 billion in 2024 to over US$110 billion by 2028.
The world must reshape its technology infrastructure to ensure artificial intelligence makes good on its potential as a transformative moment in digital innovation. Chief Marketing Officer, recently engaged in an extensive discussion on exactly how photonics technology could help meet the power demands of AI.
The more strategic concern isn’t just the cost— it’s that technical debt is affecting companies’ abilities to create new business, and saps the means to respond to shifting market conditions. Rather than discuss “legacy systems,” talk about “revenue bottlenecks,” and replace “technical debt” with “innovation capacity.”
In a global economy where innovators increasingly win big, too many enterprises are stymied by legacy application systems. Maintaining, updating, and patching old systems is a complex challenge that increases the risk of operational downtime and security lapse.
Lastly, voluntary frameworks have been proposed by many countries such as Singapore and Japan, to encourage AI innovation. China follows the EU, with additional focus on national security In March 2024 the Peoples Republic of China (PRC) published a draft Artificial Intelligence Law, and a translated version became available in early May.
You know, the personal transport device that flopped in the marketplace and became synonymous with mall security guards. Instead, we need to focus on developing a culture of innovation around AI that shapes the technology with society and business front and center. Instead, it needs to be coupled with innovation. The Segway.
Its first customers include Aurora Innovation, which makes self-driving software for commercial trucks, and game developer Niantic, which is building a 3D map of the world. Data labeling in particular is a growing market, as companies rely on humans to check out data used to train AI models.
This collaboration marks a significant step in driving innovation in cloud services, particularly in the MENA region. By exploring the use of confidential computing, Core42 and AMD aim to address the increasing demand for secure, compliant cloud infrastructures, especially in regions with strict data sovereignty regulations.
From customer service chatbots to marketing teams analyzing call center data, the majority of enterprises—about 90% according to recent data —have begun exploring AI. Ensuring effective and secure AI implementations demands continuous adaptation and investment in robust, scalable data infrastructures.
Divestitures can also help companies zero in on their potential and market relevance, the blog authors note. In May, electronic design automation firm Synopsys announced a sale of its security testing software business for $2.1 The sale allows the company to focus on AI-driven engineering, the company said.
To drive change, a reworking of what defines CIO/IT success is needed, with a focus on strategic business goals, innovation, and market differentiation. Of the top seven metrics, only two — innovation and profit growth — are directly tied to digital transformation goals. It’s a case of “you get what you measure.”
For example, in my 2017 “ State of Digital Transformation ” report, I learned that only 37% of businesses viewed digital transformation as an investment in the fight against market evolution and disruption. They must secure executive sponsorship and tie AI investments to executive vision for business model transformation and innovation.
While poised to fortify the security posture of organizations, it has also changed the nature of cyberattacks. From prompt injections to poisoning training data, these critical vulnerabilities are ripe for exploitation, potentially leading to increased security risks for businesses deploying GenAI.
You pull an open-source large language model (LLM) to train on your corporate data so that the marketing team can build better assets, and the customer service team can provide customer-facing chatbots. As the next generation of AI training and fine-tuning workloads takes shape, limits to existing infrastructure will risk slowing innovation.
Once synonymous with a simple plastic credit card to a company at the forefront of digital payments, we’ve consistently pushed the boundaries of innovation while respecting tradition and our relationships with our merchants, banks, and customers. Back then, Mastercard had around 3,500 employees and a $4 billion market cap.
INE Security is proud to announce that it has been named a winner in the prestigious 2024 SC Awards, named Best IT Security-Related Training Program. This designation underscores INE Security’s commitment to excellence and leadership in the cybersecurity industry.
We spoke with Siddhartha Gupta, Global Head of Application Modernization on Azure at Tata Consultancy Services (TCS) , about this trend and what financial services organizations need to do to improve their capacity for agility and innovation. They must adopt innovations as soon as they become available.
For organizations seeking productivity and innovation gains, a best practice is to prioritize use cases based on value, feasibility, and breadth. Next, explore potential new workflows or processes that genAI can create to improve productivity, increase innovation, and/or provide competitive differentiation.
While 2023 saw its emergence as a potent new technology, business leaders are now grappling with how to best leverage its transformative power to grow efficiency, security, and revenue. For example, courses offered by INE Security provide comprehensive training that covers both traditional cybersecurity skills and newer AI-based tools.
Years into digital transformation, and decades into the IT function itself, many CIOs still fall short when it comes to innovation. Tech debt, budget constraints, and overloaded staff schedules are among the top reasons IT leaders cite for scuttled innovation attempts. Otherwise, they won’t support and fund even promising work.
INE Security is pleased to announce that it has been recognized as a 2024 SC Award finalist in the Excellence Award category for Best IT Security-Related Training Program. We are honored to be recognized as a finalist in the SC Awards for our commitment to excellence in IT security training,” said Dara Warn, CEO of INE Security. “We
The volume of security incidents has increased in the past year for 61% of organisations. The print infrastructure is not immune to security risks – on average, paper documents represent 27% of IT security incidents. Fortunately, print security leaders are mitigating risks.
There’s a security issue.” That’s why Discover® Financial Service’s product security and application development teams worked together to shift security left by integrating security by design and conducting early security testing often to identify vulnerabilities prior to hitting deployment.
That’s great, because a strong IT environment is necessary to take advantage of the latest innovations and business opportunities. Security weaknesses arise Security and risk vulnerabilities are important signs that modernization is immediately necessary. Technology continues to advance at a furious pace.
While some welcome guardrails for the correct use of AI tools , others warn of a bureaucratic monster associated with it and fear that the rules could slow down further innovation. The AI Act offers the opportunity to protect against the negative effects of artificial intelligence and at the same time to promote innovation.
By Chet Kapoor, Chairman & CEO at DataStax Along with the exciting possibilities of generative AI (genAI), there have been concerns around job (in)security and displacement. We believe choosing the latter is imperative – because the benefits of genAI can only be realized when combined with human creativity and innovation.
In addition, innovative AI applications such as driver assistance, smart navigation and predictive maintenance are being used to increase comfort and safety. Well-founded specialist knowledge is necessary for truly effective, secure and legally compliant implementation. How should these be marketed?
For CIOs leading enterprise transformations, portfolio health isnt just an operational indicator its a real-time pulse on time-to-market and resilience in a digital-first economy. This means creating environments that enable innovation while ensuring system integrity and sustainability.
Current strategies to address the IT skills gap Rather than relying solely on hiring external experts, many IT organizations are investing in their existing workforce and exploring innovative tools to empower their non-technical staff. the worlds leading tech media, data, and marketing services company.
Technology has shifted from a back-office function to a core enabler of business growth, innovation, and competitive advantage. Senior business leaders and CIOs must navigate a complex web of competing priorities, such as managing stakeholder expectations, accelerating technological innovation, and maintaining operational efficiency.
During the Tencent Global Digital Ecosystem Summit, held at the Shenzhen World Exhibition & Convention Center from September 5-6, Tencent unveiled a slew of cloud and Artificial Intelligence (AI) offerings, proprietary innovations, and global solutions for enterprises to advance their digital transformation efforts.
Innovators have the unique ability to see what’s possible, bringing together in new ways, acclimating to change and thriving within it, and creating true transformation. Few people are true innovators, but it’s those characteristics that make an innovator worthy of the title “Outlier.” Jason Peoples is one of those rare people.
One Identity proudly announces it has been named a winner in the Hot Company: Privileged Access Management (PAM) category in the 12th annual Cyber Defense Awards by Cyber Defense Magazine (CDM), the industrys leading information security magazine. Ackerman Jr.
It began with the opening keynote, which asked the question: “The world of Artificial Intelligence is exhilarating and often exhausting, and the pace of innovation can seem impossible to keep up with. In fact, Gartner believes that cost is as big an AI risk as security or hallucinations. But what if you don’t have to?”
As it stands today, most Generative AI tools do not have concrete data security policies for user-provided data. Allow the safe and secure use of popular AI tools by supplying the necessary safeguards for blocking sensitive data from being uploaded or posted intentionally or inadvertently. Generative AI
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