The Institute of Internal Auditors (IIA) recently hosted a session on Artificial Intelligence (AI) in fraud detection. Participants of the session listened to Hatem Elsafty, partner at Mazars-Qatar. Marwan Arab AI & Machine Learning Architect with Mazars presented case studies with the'Artificial Intelligence Fraud Fight Platform (AIFF)' developed by Mazars with Pandata, provides predictive and forensic intelligence solutions for fraud detection. During the session, Elsafty explained the concept of fraud, artificial intelligence, and machine learning using real-life examples and scenarios. "We are living in an era of advanced technologies that changed the way we do business. Artificial Intelligence (AI) and the use of Big Data are two of the leading technologies that provided useful business applications to automate and significantly support the reduction of fraud and corruption," said Elsafty.

Students at Lebanese American University (LAU) participate in a hardware design workshop that leverages the tools of the fourth Industrial Revolution. We are in the midst of the greatest industrial revolution in human history. The Fourth Industrial Revolution (4ID) is an economic transformation a thousand-times wider and deeper than anything that has come before it. "The changes are so profound that, from the perspective of human history, there has never been a time of greater promise or potential peril," according to Professor Klaus Schwab, founder and executive chairman of the World Economic Forum (WEF). The 4ID is characterized by the confluence of next generation technologies like: quantum computing, artificial intelligence and machine learning, autonomous transportation and robotics, the Internet of Things, additive manufacturing including 3D printing, biotechnology, and more generally; the merging of the digital and physical worlds.