Tourism should return to pre-Covid levels this year

According to the first UNWTO World Tourism Barometer of the year, international tourism ended 2023 at 88% of pre-pandemic levels, with an estimated 1,3-billion international arrivals. The unleashing of remaining pent-up demand, increased air connectivity, and a...

Calls for advanced AI to be more inclusive, responsible

The AI Governance Alliance (AIGA) has released a series of three new reports on advanced artificial intelligence (AI), focusing on generative AI (GenAI) governance, unlocking its value and a framework for responsible AI development and deployment. The alliance brings...
Global IT spend to hit $5trn on 6,8% rise

Global IT spend to hit $5trn on 6,8% rise

Worldwide IT spending is expected to total $5-trillion in 2024, an increase of 6,8% from 2023, according to the latest forecast by Gartner. This is down from the previous quarter’s forecast of 8% growth. While generative AI (GenAI) had significant hype in 2023,...

Critical infrastructure sees most cyber incidents

A significant 18% of companies in the Middle East, Turkiye and Africa (META) region have experienced cyber incidents due to insufficient cybersecurity investment in the last two years. Alarmingly, critical infrastructure, oil & gas and energy organisations...

AI in banking set to hit $143bn by 2030

The global artificial intelligence in banking market size is expected to reach $143,56-billion by 2030, growing at a CAGR of 31,8% from 2024 to 2030. According to a new report by Grand View Research, AI’s integration in banking offers personalised financial...