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.
In a new report, 13 of Australia’s top AI experts find that AI has the potential to augment, simplify and improve the way we live our lives. However, to reach that point the nation urgently needs to build social license and public understanding, as well as spearhead new AI research and development activity to ensure AI technology is responsibly deployed and regulated.
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’.
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 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.
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.
A week after the Australian Prudential Regulation Authority (APRA) warned it was running out of patience with Cybersecurity Non-Compliance in the financial sector, the Australian Securities and Investments Commission (ASIC) has issued results of a survey that has exposed gaps in cyber security risk management across all industries. It comes in the wake of the attack on DP World that has caused havoc at Australian ports.
A serious cyberattack has disrupted operations at several of Australia’s largest ports, causing delays and congestion. Late on Friday, port operator DP World detected an IT breach that affected critical systems used to coordinate shipping activity.
A new poll of global digital trust professionals reveals high employee usage of generative Artificial Intelligence (AI) in Australia and New Zealand (63%). Althopugh few have company policies around its use (only 11% have a formal policy), there is a lack of training (80% have no or limited training), and fears around its exploitation by bad actors (97% report being at least somewhat worried), according to Generative AI 2023: An ISACA Pulse Poll.
The Australian Signals Directorate has released its fourth ASD Cyber Threat Report, which found almost half of reported incidents came from Federal, State or Local Government. Malicious cyber activity continued to increase in frequency, cost and severity compared to the previous year.
