Tag: digital infrastructure

Conversations about the war for talent in financial services have persisted for many years. Competition to attract skilled individuals has always been intense, with high demand for talented professionals. This competition has intensified recently as hiring activity accelerates to meet today's significant challenges.

As artificial intelligence (AI) continues to supercharge every aspect of business and society, South Africa stands at a critical juncture. Rather than fearing job displacement, we can harness AI to drive widespread growth and prosperity. By fostering local innovation, investing in AI education, and creating a conducive regulatory environment, we can empower citizens and businesses alike.

In the heart of South Africa's vibrant township economy, valued at an estimated R750 billion, a transformative shift is taking place. Small to medium-sized businesses are flourishing as the adoption of cashless transactions grows. Despite the widespread availability of banking services, with eight out of ten South African adults having a bank account, cash remains the dominant form of payment.

At the end of March, a critical security breach was discovered within the upstream source code of XZ Utils, a collection of open-source tools and libraries for the XZ compression format. The breach affected versions 5.6.0 and 5.6.1 and spanned nearly three years. The potential disastrous implications of this breach, and any other, underscore the importance of continued vigilance in patching all software used in a business environment.

There has been a remarkable shift to digital payments in South Africa and the rest of Africa in recent years. To put this into perspective, McKinsey anticipated that electronic payments would accelerate by an estimated 150% to reach $40 billion in revenues and 188 billion in transaction volumes between 2020-2025.

In the fast-evolving landscape of cybersecurity, the intersection of technology and security has become imperative. Within this dynamic realm, application programming interfaces (APIs) have risen to prominence as a linchpin in fortifying our digital defences.

Property technology (commonly known as proptech) is on the rise globally. The escalating significance of proptech within the industry is underscored by its staggering projected market value - poised to reach $86.5 billion by 2032.

With its burgeoning technology landscape, Africa stands poised at a confluence of innovation and partnership characterised by rapid digital transformation and a desire for sustainable growth – setting the stage for a vibrant channel ecosystem.

Safeguarding your data is a business imperative. Regardless of size or industry, confidentiality is vital for maintaining the trust and positive public standing your organisation has earned. But, in an increasingly regulated and privacy-conscious world, the concerns around a misstep are not limited to your business’ reputation alone – between fines from data protection bodies and potential settlement fees, the fiscal impact of a data leak can be enormous

The next generation of mobile networks, combined with technologies like Artificial Intelligence (AI), cloud, and edge, will be exponentially different. Advanced networks such as 5G have the potential to unlock unprecedented opportunities for business transformation and growth.