Tag: Artificial Intelligence (AI)

COVID-19 cannot take all the blame for the disruptions taking place in the global economy. The pandemic and resultant lockdown simply provided a conduit for highlighting the failings across industries in South Africa, whether that is healthcare, public transport, education, or others.

Closing the Gap is an accessible overview of the 4th Industrial Revolution (4IR) and the impact it is set to have on various sectors in South Africa and Africa. The book explores the previous industrial revolutions that have led up to this point and outlines South Africa’s position been through each one.

Up until a few years ago, digital transformation was not high on the agenda for most finance chiefs. Though they recognised that IT was important, most CFOs thought of digital as a technology play, a channel strategy or a customer experience concern.

It’s safe to say the pandemic has sparked a record demand for tech products and solutions. Though business leaders have been talking about digital transformation for years, COVID-19 has been the catalyst for them to stop talking and start implementing.

Artificial Intelligence (AI), Machine Learning (ML), and Advanced Analytics have become hot buzzwords in the business world. But for many business analysts and business owners they are nothing more than that – just words. Many companies feel an urgent need to apply these concepts but are at a loss as to how and where to implement them, and what true value can be gained.

Our latest findings on State of Cyber Resilience shows that cyberattacks on insurers have more than doubled (from 240 to 519 attacks, on average), illustrating the current cyber climate for insurers: It’s volatile. This number is more than twice as much as the cross-industry cyber resilience leaders in the survey and over three times more than their banking peers.

Artificial intelligence (AI) is maturing rapidly as an incredibly powerful technology with seemingly limitless application. It has demonstrated its ability to automate routine tasks, such as our daily commute, while also augmenting human capacity with new insight.

When we published our 2020 Technology Vision trends report in February, COVID-19 was not yet a global pandemic. Now, everything has changed. This pandemic is the greatest challenge the world has faced in decades, yet rather than slowing innovation, it is amplifying it to historic levels.

Fuel forecourt retailers or convenience shops are highly vulnerable to disruption. Although their operations have always provided a convenience-driven competitive advantage, they now have a lot more to grapple with. South African consumers are more tech-savvy and time-strapped, demanding greater relevance and convenience from service providers, all within a tighter economy and rising fuel costs.

Organisations using personal data in artificial intelligence applications need to manage it carefully to ensure they remain compliant with POPIA.