Banks expect to hand decisions to AI – even if they can’t explain them

Banks are racing toward a future where AI no longer merely informs key credit, treasury, and risk decisions – it makes them autonomously. Yet AI governance is not keeping pace with adoption, according to new AI risk research by FT Longitude, SAS and Microsoft. Even as...

Mankind’s first journey to another star set for 2029 launch

Plans are underway for mankind’s first journey to another star – a trip that is expected to take about 80 000 years. The Fermi Explorer Mission, a nonprofit organisation, hopes to set off for Alpha Centauri by 2029. The more than 40-trillion kilometre journey is...

IT spend will breach $7trn for the first time in 2027

Worldwide IT spending is expected to reach $7,35-trillion in 2027, up 15% from 2026, according to the latest forecast by Gartner. “Collectively, the market forces are reinforcing spend around AI infrastructure, AI-enabled cloud platforms, and advanced software...

As African CEOs embrace AI, ROI is still elusive

By Kathy Gibson - African companies are in the middle of learning and adopting artificial intelligence (AI), and adapting to the changes it brings. But they are also looking beyond adoption at how to measure value from their AI investments, says Ladi Asuni, partner...

Isaac Mophatlane joins Mustek board

Isaac Mophatlane has been appointed as an independent non-executive director of Mustek, effective 1 September 2023. Mophatlane started his career at Software Connexion and became the youngest director on the board of a listed company. Together with his late brother,...

India pioneers south pole Moon landing

India’s Chandrayaan-3 spacecraft has successfully landed at the south pole of the moon. Following the soft landing, it will release a rover to explore the Moon’s surface, and conduct various experiments. The Indian Space Research Organisation (ISRO) explains that...

IT spend set to decline even more

Worldwide IT spending is now expected to decline 5,1% in constant currency terms this year to $2,25-trillion, as the economic impact of the Covid-19 pandemic continues to drive down some categories of tech spending and short-term business investments. A new update to...

SA consumers move to contactless payments

In South Africa, the number of contactless transactions grew 13-times in March 2020 compared to March 2019 in the grocery and pharmacy categories, where many day-to-day essentials are being purchased. As South Africa imposed necessary restrictions on social distancing...

10m daily malware infections in April

During April there have been over 400-million detected malware infections, which makes over 10-million cases per day. This month, the educational field experienced the largest number of malware attacks. In April, the number of global infections worldwide was...

Vehicle sales almost at a standstill

April new vehicle sales were effectively dormant as South Africa endured its first full-month of lockdown. With dealerships closed, businesses forced to work remotely and endure their own commercial challenges, and consumers stuck at home, traffic was at all-time low,...

ITU Innovation Challenges aim to rethink digital value chains

The Covid-19 pandemic demonstrates the positive impact of innovation but also reveals the uneven distribution of technology's benefits. The International Telecommunications Union (ITU) points out that communities with access to technological innovation are more...

Crisis drives need for new hiring strategies

Most organisations (86%) are incorporating new virtual technology to interview candidates due to the Covid-19 pandemic. In response to the uncertainty created by the pandemic, 82% of organisations anticipate a decline in external hiring across the next three months,...

Global UC&C revenue grows 17,7%

Worldwide revenue for the unified communications and collaboration (UC&C) market reached $38,8-billion in 2019, representing year-over-year growth of 17,7% according to the International Data Corporation (IDC) Worldwide Unified Communications & Collaboration...

Cashless ATM for SASSA grants launched

The SA Post Office (SAPO) has launched the first of its cashless ATMs that will serve as additional payment points for South African Social Security Agency (SASSA) social grants. The ATM is located within the premises of Kagiso Trading in Bojanala Local Municipality,...

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