ANZ has expanded its use of Copilot for Microsoft 365, deploying an additional 3,000 licenses across its workforce, transforming how ANZ employees approach their daily tasks
Much has been said and written in recent years about Artificial Intelligence (AI) and its likely impact on the world. So much in fact that, like every technology trend before it, the hype overwhelms the substance. Toxic positivity though? That seems a little harsh given that every modern business aspires to be data-driven in both strategy and execution.
Australian business must treat the protection of personally identifiable information (PII) as a priority – lest they risk up to $A50 million in penalties. PII is stored by businesses in nearly every sector. PII includes any sensitive information that can be used to identify an individual, such as their name, address, phone number or financial details like credit card and tax file numbers. If there is a data breach and this information is compromised, it could lead to disastrous privacy violations or even identity theft.
OCR Labs Global, a developer of digital ID verification (IDV) solutions, has rebranded as IDVerse. The move away from OCR (Optical Character Recognition) in the company’s name reflects how the IDV landscape has changed since 2014 when OCR Labs began operating in Australia.
At least 30% of generative AI (GenAI) projects will be abandoned after proof of concept by the end of 2025, due to poor data quality, inadequate risk controls, escalating costs or unclear business value, according to Gartner, Inc.
A new study published in Nature has raised alarm bells about the future of artificial intelligence (AI) development, warning that training AI models on AI-generated text can lead to rapid deterioration in output quality. This phenomenon, dubbed "model collapse," could potentially halt progress in large language models (LLMs) as they exhaust human-derived training data and increasingly encounter AI-generated content online.
The Victorian Office of Public Prosecutions (OPP) has implemented a new matter management system, 'Amicus', on the Appian AI Process Platform. The solution leverages Appian's data fabric and process automation technology suite to accelerate prosecutions. Using Appian, the OPP anticipates a productivity gain of over 10% annually.
Manufacturing companies are scaling back their plans to deploy to Generative AI initiatives amid increasing worry about the models sharing inaccurate information, a new study has found.
As artificial intelligence (AI) continues to reshape business landscapes, a critical challenge has emerged: how to harness AI's power while safeguarding sensitive data. Secuvy believes it has the answer with its newly unveiled AI-driven data governance and privacy platform.
