AI software spend to hit $279bn by 2027

A recent forecast from International Data Corporation (IDC) shows that the worldwide artificial intelligence (AI) software market will grow from $64-billion in 2022 to nearly $251-billion in 2027 at a compound annual growth rate (CAGR) of 31,4%. The forecast for...

Seismic shift needed in education system

A “seismic shift” in the education system is required to break the cycle of poverty and inequality in South Africa. This is according to says Oppenheimer Memorial Trust (OMT) chief executive Tracey Webster, who says: “South Africa is well aware of...

Organisations face greater risks

A worrying immaturity of ERM processes and a lack of understanding by executives and boards of the strategic value of an effective risk oversight process is emerging. At the same time, a new report shows a significant increase in the level and complexity of risks...

Cost of a data breach hits an all-time high

Despite considerable investments in security technology, data breaches continue affecting companies across the globe and causing them more financial damage than ever. According to data presented by AltIndex.com, the average data breach cost has jumped by nearly $600...

Consumers want their data to be treated with more care

Consumers reveal how they expect their personal data to be shared and secured – and companies should take note that they want a more trustworthy digital experiences. An Axway survey found that, while more than 60% of Americans feel open banking is positive and...

2024 security trends focus on GenAI, CISO role

The top cybersecurity trends set to shape global enterprise in 2024 include generative AI (GenAI), boardroom discussion, sovereign cloud, vendor strategy, and insights on hiring. This is according to Margareta Petrovic, global managing partner: risk and cybersecurity...