Shortage in cross-sector talents for AI and healthcare. Global recruitment group Hays recently released the 2021 report “The Inside Story of Technology in China“, which states that China is leading the global AI industry with over 60 per cent of big data experts currently working in China. With more emerging…
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Average total cost of a data breach increased by nearly 10 per cent year over year. Data breaches now cost surveyed companies USUS$4.24 million per incident on average – the highest cost in the 17-year history of IBM’s annual Cost of a Data Breach Report. Based on in-depth analysis of real-world data…
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By Loo Siew Yee assistant MD (Policy, Payments & Financial Crime) at MAS. Technology can be a powerful enabler in the fight against money laundering. The right solutions support financial institutions, and I will refer to them as FIs, to more sharply and quickly detect higher risk customers and activities,…
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From 2023 onwards, AI services is forecast to become the fastest growing category. Worldwide revenues for the artificial intelligence (AI) market, including software, hardware, and services, is estimated to grow 15.2 per cent year over year in 2021 to US$341.8 billion, according to the latest release of the International Data…
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Testing Framework aims to help AI system-owners and or developers . Singapore’s Infocomm Media Development Authority (IMDA) and the PDPC are working with like-minded partners to develop a credible Minimum Viable Product (MVP) that will allow industry to achieve greater transparency around AI systems, and enable organisations to deploy AI…
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Transformation initiatives to pick up pace as enterprises look to become more resilient and thrive. Internet of Things (IoT) spending in Australia and New Zealand (A/NZ) is forecast to surpass US$14.3 billion in 2021, delivering an annual growth rate of 10.4 per cent, according to the latest release of IDC’s Worldwide…
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More than half of the organizations are still in the opportunistic stage of AI adoption . With digital transformation (DX) being a key objective, many Indian organisations in every industry are exploring AI technologies to enhance customer experience, improve operations, and enhance decision-making. “Only 8.4 per cent of the Indian…
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SGTraDex to digitalise the supply chain ecosystem. Singapore Government has announced that the country will be stepping up investments to unlock the full potential of the digital revolution through collective action. Building “digital infrastructure” for the future – SGTraDex The pandemic has accelerated the overall shift to digital. Building a…
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Skill to be obtained within the next six months Organizations plan to acquire or develop critical skills such as Artificial Intelligence/Machine Learning (AI/ML), cloud, and data analytics within their businesses in the next six months. International Data Corporation (IDC) recently published report provides an overview of Indian organisations’ skill development…
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How does AI fit into the constantly shifting world? Before the global health crisis, leaders believed in AI as a strategic investment for their line of business. Though motivation varied depending on the sub-geography within APAC and the industry, overall, this vision was driven by the promise of greater productivity,…
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