Remove 2022 Remove Big data Remove Financial Services Remove Government
article thumbnail

AI Governance: Break open the black box

IBM Big Data Hub

Furthermore, 59% of executives claim AI can improve the use of big data in their organizations, facts about artificial intelligence show. ( IBM Global AI Adoption Index 2022.). Customers, employees and shareholders expect organizations to use AI responsibly, and government entities are demanding it.

article thumbnail

How to responsibly scale business-ready generative AI

IBM Big Data Hub

in 2022 and it is expected to be hit around USD 118.06 This is especially true in highly regulated industries such as financial services and healthcare where the tolerance is very low for unethical, biased decisions based on incomplete or inaccurate data and models can have detrimental repercussions.

Retail 64
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Turning climate risks into business opportunities 

IBM Big Data Hub

In some business sectors, such as financial services, fast-moving consumer goods and healthcare, business interruptions can have a significant detrimental impact on daily life. Their state governments must order electricity for their citizens in advance, and they used to predict demand manually by using spreadsheets.

Risk 60
article thumbnail

The Economy of Things: the next value lever for telcos

IBM Big Data Hub

The number of connected things surpassed the number of connected humans for the first time in 2022. Telcos can also play the role of data providers as well as data marketplace and brokerage operators within the ecosystem. Data ownership redraws value models EoT data owners provide behavior, usage and interaction context.

IoT 51
article thumbnail

Modernizing payments without disrupting legacy checks systems

IBM Big Data Hub

The Australian government is officially phasing out checks by 2030 as part of a wider range of payment reforms for the digital era. In circumstances like this, financial institutions still need to process checks quickly and securely during the transition period, as checks remain a legacy payment system for the time being.

article thumbnail

Network Encryption Keeps Our Data in Motion Secure for Business Services

Thales Cloud Protection & Licensing

As global data is predicted to grow by more than 100% from 2022 to 2026, making it a top target for cybercriminals, businesses must prioritize cybersecurity solutions that offer protection without affecting network performance or management. These solutions encrypt data as it moves across networks for maximum security and performance.

article thumbnail

NEW TECH: How ‘cryptographic splitting’ bakes-in security at a ‘protect-the-data-itself’ level

The Last Watchdog

Tech consultancy IDC recently estimated that global spending on security-related hardware, software and services is growing at a compound annual growth rate of 9.2% billion by 2022. As I came to understand it, this new approach leverages multi-factor secret sharing algorithms previously only used by government entities.