Articles

The fourth annual State of Data Security Report  highlights the current state of data security amid organizations’ rapid adoption of artificial intelligence (AI) and generative AI tools. The 2024 State of Data Security Report surveyed 700 data platform and security practitioners at global cloud-based enterprise companies across the US, UK, Canada, and Australia.  

Despite a number of high-profile data breaches and continuing concerns around cyber-security, nearly two thirds of organisations don’t believe their board has sufficient understanding of current data governance challenges, according to a report released by the Governance Institute of Australia. Data Governance in Australia found a majority of respondents surveyed were not positive about how their organisation manages and protects important data, with 57% describing it as ‘average’ and 4% as ‘poor’.

In an increasingly data-driven world, organizations are constantly looking for ways to manage their information more effectively. This is where AI comes in, offering an opportunity to transform data into better decision-making tools. But, as a recent survey of IT leaders underscores, that data must be ready for AI - if it’s not accurate, accessible, and secure, organizations won’t get the desired results.

For asset owners and asset managers alike, data silos are a silent productivity killer.  The antidote is democratising data. By democratising access to data, institutional investors empower their employees and stakeholders to make timelier and more confident investment decisions, transform their operating models and deliver a superior client experience.

The Digital Transformation Agency (DTA) maintains there is still a level playing field for competing generative AI platforms within the Australian Government, despite Prime Minister Anthony Albanese announcing a six-month trial of Microsoft 365 Copilot in a meeting with CEO Satya Nadella in San Francisco.

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