President appoints commission on fourth industrial revolution President Cyril Ramaphosa has appointed members of the Presidential Commission on the Fourth Industrial Revolution (4IR). © Andres Rodriguez – 123RF.com “The commission will assist government in taking advantage of the opportunities presented by the digital industrial revolution,” the Presidency said in a statement on Tuesday, 9 April 2019. The task of the commission, which will be...

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Regulating the IoT: Impact and new considerations for cybersecurity and new government regulations In 2019 we have reached a new turning point in the adoption of IoT – more markets and industries are migrating to a cloud-based infrastructure, and as the IoT continues to gain popularity and more devices and data move online, lawmakers and legislators around the globe are taking note. An often-critiqued part...

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Big data bias threatens financial services’ ethics Big data and artificial intelligence (AI) are changing financial services. In light of the rapid growth of big data, ICAEW has issued a warning over potential ethical pitfalls Data can be harvested from various sources such as social media, location data, personal photos and YouTube habits. Business models, including those for financial services, are changing to...

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The importance of big data in business BUSINESS NEWS | 11 hours ago | CAROL TREHEARN Before we start getting on the nitty-gritty details of why big data is important for businesses today, let’s take a brief look at the definition of the term itself. To put it in simple words, big data refers to humongous sets of data that can be both structured and...

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4 Ways Artificial Intelligence Can Help You Be More Strategic, Dynamic And Productive By Florian Frey, Co-Founder & Chief Customer Officer of Ruum by SAP Widespread job loss, autonomous robots, humanity being rendered virtually useless as people are thrown into the depths of poverty. This isn’t the description of some post-apocalyptic film starring Arnold Schwarzenegger or Will Smith. These are the very real fears...

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Artificial intelligence may take your job, so political leaders need to start doing theirs Over the next decade up to 40% of jobs could be replaced by automation. That’s according to a forecast from the Committee for the Economic Development of Australia. Risk of job automation by country. In New Zealand, for instance, the median worker has 39% chance of their job being automated.OECD Social,...

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