Tag: Artificial Intelligence (AI)

Artificial Intelligence (AI) and machine learning algorithms have fast-tracked automation in South Africa’s insurance industry. However, these solutions also introduce unique cybersecurity vulnerabilities. Specifically, adversarial attacks can compromise the accuracy of risk assessments, bypass fraud detection and disrupt claims processing. Without proper digital security in place, this can lead to compliance violations and severely damage the reputation of local insurers.

Recruitment has long been one of the most resource-intensive and inefficient business processes. High agency fees, administrative burden, and hiring decisions based predominantly on subjective assessment have left organisations struggling with both the cost and quality of their hiring outcomes.

With the rise of Artificial Intelligence (AI) and the relentless pace of modern technology, life is becoming faster and more digital. Ironically, it is also becoming more isolating. As human interactions are increasingly replaced by screens and algorithms, the need for genuine, meaningful connection has never been more urgent. But in a world racing toward automation, could the simple act of serving others be the key to restoring our sense of belonging?

As industries continue to undergo rapid digital transformation, the question on everyone's mind is, "Will AI take my job?". The answer isn’t as simple as a yes or no. Artificial Intelligence (AI) is changing the job landscape, but rather than replacing humans outright, it’s creating new opportunities. While some traditional tasks may be automated, entirely new roles are emerging that require unique skills in AI, data and digital expertise.

The expansion of the current data centre landscape is certainly making history. Its growth is almost reminiscent of time-lapse photography. In this scenario, we - the subjects - stand still while the data centre builds move around us at remarkable speed. Statistics support this observation. Database Trends and Applications cites that the global data centre market is expected to grow at a compound annual growth rate (CAGR) of 10.30% from 2024 to 2032.

Artificial intelligence (AI) has become embedded in systems that power organisations, industries and people’s daily lives. Generative AI (GenAI), in particular, is reshaping how organisations operate. In doing so, the technology is driving efficiencies and unlocking new opportunities. However, with this potential comes significant risk.

In recent years, corporate governance has become a hot topic following scandals like Steinhoff, Tongaat Hulett and many others. Despite increased attention, significant and material progress in improving governance practices across organisations remains alarmingly scarce.

In 2016 Klaus Schwab, Executive Chairman of the World Economic Forum reflected on the intersection of technology and humanity. Schwab expressed concern about how technology like smartphones could affect our compassion and connection with others, possibly depriving us of meaningful engagement.

Two-thirds of professionals (63%) have admitted that one of the leading reasons for leaving a previous employer is that they did not have a ‘connection’ with their management or leadership team. A further 68% stated that their exit was due to ‘empty promises’ from management. Professionals feel that leaders who fail to act on commitments erode trust.

AI is going to change your world – but don’t panic. As Artificial Intelligence (AI) becomes more widespread in the workplace and society, it raises important questions. What impact will it have on your job, your life and the world around you?