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A new report published today by Panintelligence, a provider of SaaS analytics software, indicates the extent of the AI rush in the SaaS (Software-as-a-Service) industry and warns that up to two-thirds of SaaS companies currently investing in AI could be training their models on poor quality data that undermine accuracy and could lead to unfair or discriminatory outcomes.

A case has been initiated in the Federal Court by The Australian Energy Regulator (AER) against Santos, alleging the oil and gas producer breached auction record-keeping rules between March 2019 and June 2021.

AI has garnered a lot of attention in Australia and globally over the last years as businesses increasingly explore the potential to anchor their operational strategies in artificial intelligence. While big tech companies including Microsoft has stated that generative AI could add $40 billion to their top line and the generative AI market could drive an almost $7 trillion increase in global GDP, the big news is that  75% of companies expect to adopt AI technologies over the next five years and according to Deloitte, there will be seven times as much invested annually in AI by Australian businesses in 2020 compared to today.

The Robodebt Royal Commission, conducted in the wake of Australia's controversial automated debt recovery system, unveiled a troubling saga of governmental overreach and systemic failures. Like other public sector information and records management professionals, Alyssa Blackburn keenly followed the lengthy proceedings of the Commission and what it exposed in terms of inadequate practices. Alyssa, who has worked in senior roles in state and federal government agencies, is currently Director, Information Management at AvePoint. She spoke with IDM publisher and editor, Bill Dawes.

Every day, businesses generate more and more data – in fact, IDC predicts the data sphere will more than double in size between 2022 and 2026. Executives believe having a high level of data quality is essential to their success, but 75% of them don’t trust their data. Two-thirds of organizations rate themselves below average in managing information lifecycle and applying governance and compliance, according to the Association for Intelligent Information Management (AIIM).

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