AI's impact on emerging risk management trends
AI is exploding, particularly as large language models (LLMs) have infiltrated everyday life. Almost every new mainstream product seems to promote some usage of AI, and industry after industry is being transformed by its capabilities. But despite AI’s potential, some sectors have been slow to adopt it. Risk management is one of them. Fortunately, that is starting to change.
According to a 2023 Deloitte study, only 1.33 percent of insurance companies had invested in AI. Data from this year indicates a shift is underway. In Conning’s 2024 survey, 77 percent of respondents indicated that they are in some stage of adopting AI somewhere within their value chain. This may sound a bit nebulous -- some stage, somewhere -- but it represents a sizable jump from the 61 percent of respondents the prior year. Additionally, 67 percent of insurance companies disclosed they are currently piloting LLMs.
Artificial Intelligence: Convenience at the cost of privacy?
We live in an age that is witnessing the rise of Artificial Intelligence. Many companies have begun incorporating AI features in their operating systems and apps, whether we like it or not.
AI assistants are not new per se, the likes of Apple's Siri, Google Assistant, Amazon's Alexa have existed for over a decade. But, the emergence of Open AI's ChatGPT changed how people view digital assistants. Chatbots offer a more interactive experience, you can text them like would a friend, access a history of your chats, and get relevant results. This was something that the old-gen couldn't provide, contextual interaction.
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Transforming quality assurance in healthcare using GenAI
The global MedTech software market is projected to reach $598.90Bn by 2024 growing 5.3 percent annually due to increased R&D investments. As the market shifts towards tech-first patient care, MedTech software must meet quality and regulatory standards to ensure effective care and patient safety, making Quality Assurance (QA) critical throughout the Software Development Life Cycle (SDLC). QA ensures reliability, functionality, and adherence to industry standards with MedTech companies dedicating 31 percent of their software budget to QA and testing.
Artificial Intelligence (AI) tools have enhanced healthcare QA efficiency -- GenAI is notably reducing manual testing, improving software usability, and enhancing code quality. AI adoption is expected to make software testing more autonomous, boosting QA productivity by nearly 20 percent, with GenAI tools projected to write 70 percent of software tests by 2028.
Tweak your settings in X if you don't want Elon Musk using your data to train Grok AI
Artificial intelligence is underpinned by the data used to train it, and even in this early stage of the game this has already proved controversial. In addition to complaints about the use of copyrighted content to train AIs, concern has also been voiced about the use of personal data.
Elon Musk, unsurprisingly, wants a slice of the AI pie, and is looking to train up the Grok AI model. The social platform formerly known as Twitter, X, is being used as a source of training data, meaning that your tweets (sorry, posts) are, by default, being sucked up for this very purpose.
How to optimize AI at the edge and retain data sovereignty
Artificial intelligence (AI) is fundamentally transforming the way businesses operate and the value they can deliver to customers. Industry body techUK cites estimates that the UK’s GDP could be up to 10 percent higher by 2030 thanks to AI adoption. But first there are major cost, efficiency and data governance challenges to solve. This is where edge computing comes into its own -- offering a fast, resilient and cost-effective way to run transformative AI applications. Even better, it can help organizations to meet requirements around sustainability and data sovereignty.
The key will be finding a database platform that can seamlessly support both traditional cloud and edge computing environments in this context.
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The top challenge when implementing AI for business: Lack of high-quality data
AI growth and adoption in the UK are surging, with the market valued at more than £16.8 billion and expected to reach £801.6 billion in the next decade. Approximately 15 percent of UK businesses are already using AI technologies such as data management and analysis, natural language processing, machine learning, and computer vision. And across the pond in the US, AI is expected to contribute a significant 21 percent net increase to US GDP by 2030, showcasing its substantial impact on the economy.
Growth in any new technology is never without its challenges. For AI, these include ensuring data privacy, addressing ethical concerns, and navigating the complexity of integrating with existing IT infrastructure. Data quality is central to resolving these challenges. To be useful, the data used for AI must be high-quality, well-structured, and from trusted sources. These properties are the foundation for all AI models and determine their effectiveness and reliability.
The potential opportunities and challenges of decentralized identity in mitigating AI threats
In an age where cyber threats are becoming increasingly sophisticated, the management and verification of digital identities are at a critical juncture. As various sectors rapidly evolve, decentralized identity (DCI) systems emerge as a revolutionary approach to managing and verifying user identities. These autonomous systems promise to change how we access and use online services. However, many organizations need help with adopting this promising technology.
A recent survey by Ping Identity, which included responses from 700 IT decision-makers worldwide, highlights these challenges. In the UK, 82 percent of IT decision-makers see value in decentralized identities for their customers and employees, yet only about a third (34.5 percent) currently offer this option. A significant reason for this gap is the need for more clarity about the benefits, with 31 percent of respondents unsure what advantages decentralized IDs would bring.
Why you need data guardrails, not guidelines [Q&A]
Often described as the lifeblood of an organization, data drives business operations and decision-making. But while the raw data itself is valuable, it’s the intelligence and insights that can be gleaned from it that truly fuel innovation and growth. This vital intelligence is the foundation on which organizations build long-term strategies, optimise processes, and identify new opportunities.
However, with IoT and AI creating volumes of data at an unprecedented rate, it has come to a point where many large enterprises have data lakes and warehouses overflowing with untapped potential.
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Microsoft brings new archive format support, Copilot improvements and new emoji to Windows 11 with the KB5040442 update
This month’s update for Windows 11 is pretty impressive. There are the typical bug fixes that you would expect, but there are also lots of additions and improvements to the operating system.
Like Windows 10, Windows 11 Copilot now offers a more app-like experience, and there is the very welcome return of the Show Desktop button on the taskbar. Other improvements mean that it is now possible to create 7-Zip and Tape Archive (TAR) files using the context menu, and there is newly added support for Emoji 15.1. But that’s just for starters.
Microsoft releases KB5040427 update to fix bugs and make significant changes to Copilot in Windows 10
Copilot being added to Windows 10 was something of a surprise for an operating system that is very much breathing its last. And more than just bringing the AI-powered assistant to Windows 10, Microsoft is continuing to update it with big changes.
The release of the KB5040427 update for Windows 10 this Patch Tuesday is a good example. Microsoft has used this update to fix lots of OS bugs -- including an infuriating taskbar niggle – and also tweaked Copilot to make it function like an app.
Anticipating tomorrow's threats: AI, evolving vulnerabilities, and the 'new normal'
Modern cybersecurity leaders are expected to balance an almost comical number of responsibilities. Threat intelligence, vulnerability management, asset tracking, identity management, budgeting, third-party risk -- and that’s just what the company is willing to put in the job description.
To be a cybersecurity expert is to spend your entire career deepening your well of knowledge in one or a few domains. To be a cybersecurity leader, on the other hand, is to spend your career attempting to drink an ocean through a straw. What makes this moment in cybersecurity so interesting is that generative artificial intelligence (AI) brought a fundamental change to both the ocean and the straw.
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