In 2024, fraud and financial crimes are rising in global banking due to an evolving economic environment and expanding technological capabilities that create new opportunities for fraudsters. In 2023, consumer-focused fraud increased, with attackers posing as energy firms, lottery companies and banks to extract sensitive information from unsuspecting victims. Inflationary pressure saw
Tag: innovation
If your organization aims for longevity, resilience is a muscle you want to build. The 5 Resiliency Rules: Speed and agility Data culture and literacy Curiosity Innovation Equity and responsibility I know resilience has been a hot topic in recent years, and for good reason – it can make or
Organizations continuously search for innovative ways to optimize their operations and elevate efficiency. One promising frontier is the integration of digital twins for predictive maintenance. However, the true potential of this technology often remains untapped, with many organizations settling for what can be described as “digital shadows.” In this exploration,
Whether for better or for worse, many people agree that generative AI is a game changer that will revolutionize the way we live and work. Optimists believe that generative AI is an opportunity to improve and expand our technological knowledge. At the same time, catastrophists fear that AI in general
The cold of winter and holiday gatherings push people indoors, causing a surge in influenza hospitalizations. Years of above-normal temperatures in southern states bring a species of mosquito that carries malaria to the US. Declining childhood immunization rates threaten to allow previously eradicated diseases like measles to become endemic again.
Artificial intelligence (AI) is revolutionizing the way medical professionals deliver care and manage patient data. By harnessing the power of advanced algorithms and machine learning, AI applications contribute to more accurate diagnostics, personalized treatment plans and streamlined administrative processes. The integration of AI into health care is helping create a
For the data scientists and developers who use analytics to extract insights from massive volumes of data, it’s easy to see the appeal of operating in a metacloud environment. After all, analytics workloads are not only resource-intensive – they’re also highly variable and differ in terms of importance and urgency.
Organizations with a passion for quality, reliability, efficiency and safety are using real-time insights generated from AI-powered predictive maintenance programs to anticipate and avoid potential issues while mitigating negative impact. A shift from reactive maintenance, or handling issues in real-time, is not just a technological evolution; it's a strategic decision.
In a global economy marked by fragile supply chains, scarce resources and rising energy costs, the spotlight is on forecasting to address these issues. In 2022, McKinsey & Company uncovered a staggering $600 billion annual food waste, equating to 33% – 40% of global food production, spotlighting the devastating consequences
AI became the unofficial word of 2023 and the craze is likely to continue into 2024 as new creative applications and uses of AI emerge across industries and sectors. But before organizations invest too many resources into foundational AI models, leadership should ensure that the organization has a firm grasp