Goto

Collaborating Authors

Emerging Technologies Like Advanced Analytics, Machine Learning and IoT Help Revolutionize Public Sector Agencies - insideBIGDATA

#artificialintelligence

Advanced analytics and other emerging technologies are revolutionizing the way governments and public service agencies are trying to address citizen demands, helping to overcome persistent challenges such as regulatory compliance, outdated legacy IT infrastructures and organizational cultures, according to a new research report from Accenture. The report, Emerging Technologies in Public Service, examines the adoption of emerging technologies across agencies with the most direct interaction with citizens or the greatest responsibility for citizen-facing services: health and social services, policing/justice, revenue, border services, pension / social security and administration. As part of the report, Accenture surveyed nearly 800 public service technology professionals across nine countries to identify emerging technologies being implemented or piloted. These technologies include advanced analytics/ predictive modeling, the Internet of Things, intelligent process automation, video analytics, biometrics/ identity analytics, machine learning, and natural language processing/ generation. The survey found that while more than two-thirds (70 percent) of public sector agencies are evaluating the potential of emerging technologies, only a small percentage (25 percent) is moving beyond the pilot phase to full implementation.


Financial firms struggling to assess risks of disruptive technologies: Accenture report

#artificialintelligence

An overwhelming majority of financial firms' risk managers don't believe they can adequately assess the risks of disruptive technologies but are open to new strategies and tools to better manage emerging threats, according to a new report by Accenture. The report, 'Accenture 2019 Global Risk Management Study', is based on a survey of nearly 700 risk management executives in the banking, insurance and capital markets sectors globally. The survey found that only 11 percent of risk managers describe themselves as fully capable of assessing the risks associated with adopting artificial intelligence (AI) across their organizations, and even fewer said they are fully capable of assessing the risks associated with robotic process automation (RPA) or blockchain (9 percent and 5 percent, respectively). The report notes that the external risk environment is becoming increasingly complex, with risk teams realizing they must adapt their approaches to contend with new threats and the heightened pace of change. For instance, nearly three-fourths (72 percent) of respondents said that complex, interconnected new risks are emerging more rapidly than ever before.


Emerging Technologies Like Advanced Analytics, Machine Learning and Internet of Things Help Revolutionize Public Sector Agencies, Accenture Report Finds

#artificialintelligence

Emerging Technologies Like Advanced Analytics, Machine Learning and Internet of Things Help Revolutionize Public Sector Agencies, Accenture Report Finds Survey results show meeting customer expectations is one of the lowest ranked priorities ARLINGTON, Va.; Nov. 15, 2016 – Advanced analytics and other emerging technologies are revolutionizing the way governments and public service agencies are trying to address citizen demands, helping to overcome persistent challenges such as regulatory compliance, outdated legacy IT infrastructures and organizational cultures, according to a new research report from Accenture. The report, Emerging Technologies in Public Service, examines the adoption of emerging technologies across agencies with the most direct interaction with citizens or the greatest responsibility for citizen-facing services: health and social services, policing/justice, revenue, border services, pension / social security and administration. As part of the report, Accenture surveyed nearly 800 public service technology professionals across nine countries to identify emerging technologies being implemented or piloted. These technologies include advanced analytics/ predictive modeling, the Internet of Things, intelligent process automation, video analytics, biometrics/ identity analytics, machine learning, and natural language processing/ generation. The survey found that while more than two-thirds (70 percent) of public sector agencies are evaluating the potential of emerging technologies, only a small percentage (25 percent) is moving beyond the pilot phase to full implementation.


Believe it or Not-Study Reveals 87 Percent of Focused Cyberattacks are Prevented

#artificialintelligence

The dependency on digital and smart technology these days is on the rise, on top of that there are issues of ransomware and distributed denial of service (DDoS), the average number of focused cyberattacks per organization has more than doubled this year compared to the previous 12 months (232 through January 2018 versus 106 through January 2017). A new research conducted by Accenture has concluded that in spite of these growing cyber threats, the organizations are demonstrating far more success in detecting and blocking them. It was revealed that despite making significant progress, only two out of five organizations are currently investing in breakthrough technologies like machine learning, artificial intelligence (AI) and automation, indicating there is even more ground to be gained by increasing investment in cyber resilient innovations and solutions. The study conducted from January to mid-March 2018 investigated focused attacks defined as having the potential to both penetrate network defenses and cause damage, or extract high-value assets and processes from within organizations. Regardless of the increased pressure of ransomware attacks, which more than doubled in frequency last year, the study disclosed that organizations are upping their game and now preventing 87 percent of all focused attacks compared to 70 percent in 2017.


A Growing Need for AI: Security Pros Waste 10 Hours a Week Due to Inadequate Software

#artificialintelligence

Almost a Third of All U.S. Businesses Were Breached in 2017 A recent LogRhythm survey of 751 IT decision makers worldwide found that the majority of respondents believe the average cyber security professional wastes as much as 10 hours a week due to inadequate software, and more than a third said their IT teams spend at least three hours a day on tasks that could be handled by better software. "The proliferation and innovation of business-enabling technology, combined with the speed of today's advanced hackers to adopt and adapt to the latest technology, is making it increasingly difficult -- if not impossible -- for security teams to evolve their rapid threat detection and response capabilities as quickly as their adversaries," LogRhythm CISO James Carder said in a statement. Survey respondents said they expect artificial intelligence (AI) to be the biggest game changer for security over the next several years. Respondents expect the greatest benefits of cloud-based AI services to be faster threat detection, superior data analysis and improved collaboration. While less than half of respondents currently use some form of AI to fight cyber threats, more than 90 percent of those that do believe it has improved the effectiveness of their cyber security operations.