A recent report by PwC Canada has found that Canadian organizations and businesses need to focus on building skilled teams to adapt to -- and keep up with -- emerging technologies. The Digital IQ report was produced by PwC Canada, which has been conducting Digital IQ research since 2007. The 2017 edition, which was fielded September to November 2016 and includes 100 Canadian and 2,216 global respondents, provides data about what Canadian executives think about digital culture and hiring people with the right skill set. It also looks at emerging tech investments and digital strategy. Looking at the importance of addressing and adopting digital skills within organizations, the report found that only 46 percent of Canadian executives (versus 63 percent globally) rank the issue of a lack of properly skilled teams among the top barriers to getting results from digital technology.

Hospitals are still reliant on "archaic" fax machines with thousands still in use, a survey shows. Senior doctors said the continued use of the outdated technology was "ludicrous", and modern forms of communication were urgently needed. The poll, by the Royal College of Surgeons using freedom of information laws, revealed nearly 9,000 fax machines were in use across England. Newcastle upon Tyne NHS Trust topped the list, relying on 603 machines. "Alongside innovation like artificial intelligence and robot-assisted surgery, NHS hospital trusts remain stubbornly attached to using archaic fax machines for a significant proportion of their communications. This is ludicrous," said Richard Kerr, chair of the Royal College of Surgeons' Commission on the Future of Surgery.

Fraugster, a German and Israeli startup that has developed Artificial Intelligence (AI) technology to help eliminate payment fraud, has raised $5 million in funding. Earlybird led the round, alongside existing investors Speedinvest, Seedcamp and an unnamed large Swiss family office. The new capital will be used to add to Fraugster's headcount as it expands internationally. Founded in 2014 by Max Laemmle, who previously co-founded payment gateway company Better Payment, and Chen Zamir, who I'm told has spent more than a decade in different analytics and risk management roles including five years at PayPal, Fraugster says it's already handling almost $15 billion in transaction volume for "several thousand" international merchants and payment service providers, including (and most notably) Visa. Its AI-powered fraud detection technology learns from each transaction in real-time and claims to be able to anticipate fraudulent attacks even before they happen.

Fraugster, the young company that uses an Artificial Intelligence (AI) technology to eliminate payment fraud, has raised €4.7 million in funding. The technology learns from each transaction in real-time and can anticipate fraudulent attacks even before they happen. Online merchants lose more than €15 billion to fraudulent transactions every year. Most attempt to tackle this with anti-fraud solutions that are based on outdated technologies. However, older solutions tend to block many sound transactions, leading to false positives that cost the industry over €259 billion in 2015 alone.