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...

Quantum computing set for growth surge

Confidence that quantum computers will solve major problems that are beyond the reach of traditional computers - a milestone known as quantum advantage - has grown fast in the past 12 months, according to a new report by Boston Consulting Group (BCG) titled What...

Competitive advantage, customer experience drive cloud migrations

Organisations are moving to the cloud in big numbers to drive competitive strategies and provide richer customer experiences, a shift from earlier adopters that looked to the cloud primarily for operation efficiencies. As companies recognize the high stakes of a cloud...

SAIPA stands behind retirement-funding reform

Ahead of the 2016 budget speech on 24 February, the South African Institute of Professional Accountants (SAIPA) is requesting the Minister of Finance to confirm that the proposed reform measures relating to retirement funding go into effect on 1 March 2016 as...

Intel, Lady Gaga at the Grammys

Infusing Lady Gaga’s artistry with technologies from Intel, the collaboration was a diverse and multifaceted experience, demonstrating the power of technology to elevate an artist’s ability to deliver an on-stage experience in ways not imagined before.

Fraud increases when times get tough

“Right now, businesses have to look after what they have. There is no room for lost income and increased costs,” Horne says. “Your team needs to be honest to survive. A few bad apples can cost a company dearly. But you can clean up an organisation through your own good people and let an ethical culture take over.”

Labour market absorption rate slips

South Africa’s labour market absorption rate has fallen since 2001, according to the “South Africa Survey 2016”, released this month by the South African Institute of Race Relations (IRR).

The labour force absorption rate measures what proportion of the working age population has a job. According to the IRR, it is a more accurate indicator of the health of the labour market than the unemployment rate.

Don’t get caught out with a fake degree

While qualification fraud has remained consistently high in South Africa – at 16% for two consecutive years – there are circumstances where candidates are not the ones to blame, but have been scammed into thinking that their qualifications are legitimate.

SA nuclear debate not cut and dried

President Jacob Zuma’s remarks during last week’s State of the Nation address on the country’s nuclear future might seem contradictory, but this is not the case, says Dr Anthonie Cilliers of North West University’s School of Mechanical & Nuclear Engineering.

Tarsus signs up Vectra’s threat analytics

Tarsus SecureData has signed up the southern African value-added distribution for Vectra Networks, which specialises in identifying and predicting security threats on the corporate network through packet inspection based on big data analytics. Tarsus SecureData will...

New fund targets innovative ventures

South African venture capital firm Knife Capital has announced the launch of KNF Ventures, a SARS-approved section 12J venture capital company (VCC) dedicated to investing in innovation-driven ventures with proven traction. “By leveraging knowledge, networks and...

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