Digital twins market heads for $150bn by 2030
With advancements in Internet of Things (IoT), cloud, artificial intelligence (AI) and data analytics, the global market for digital twins, spanning software and services, is projected to exceed $150-billion in 2030, says GlobalData. Digital twins are becoming...
InfoSec professionals question relevance of formal education
Amid acute shortages of cybersecurity professionals, acting information security (InfoSec) experts are questioning the relevance of the formal education they received, Kaspersky's new global research shows. The survey revealed that one in two cybersecurity...
Intel debuts initiatives for AI PC developers, hardware vendors
Intel has created two new artificial intelligence (AI) initiatives as part of the AI PC Acceleration Program: the AI PC Developer Program and the addition of independent hardware vendors to the program. These are critical for enabling the software and hardware...
Westcon growth to boost Datatec revenues
Datatec has released a trading update, reporting that group revenue is expected to be approximately $5,44-billion (FY23: $5,14-billion), representing a year over year increase of 5,8%. The group reports that it built on the strong operational performance reported for...
IIoT market to hit $1,6trn by 2030
The global Industrial Internet of Things (IIoT) market size is anticipated to reach $1,69-trillion and is expected to expand at 23,2% CAGR from 2024 to 2030, according to a new report by Grand View Research. Major emphasis on predictive maintenance, automation, and...
In the AI era, SA must choose a regulatory path
As South Africa steps into the world of artificial intelligence (AI), there's a concerted effort by our government and several bodies within the ICT sector, to strike a balance between embracing the potential of AI and ensuring responsible practices. By Ayavuya Jack,...
Financial sector must comply with new IT risk regulations
South Africa's financial services companies, including insurers, have until 15 November 2024 to comply with the requirements of the new Joint Standard for IT Governance and Risk Management, issued by the Financial Sector Conduct Authority and the Prudential Authority....
The digital tightrope walk for business and human rights
AI offers unprecedented opportunities for growth and innovation but also presents significant challenges and risks, especially concerning human rights and corporate governance, write Pooja Dela-Cron, partner, and Paula-Ann Novotny, senior associate from Webber...
Be proactive to protect against payment fraud
Amid a spate of high-profile payment fraud cases in South Africa, the need for robust fraud payment prevention measures has never been more apparent, says Ryan Mer, CEO of eftsure Africa. In April 2023, three former bank employees received jail sentences of 15 years...
Do global e-commerce platforms herald a boom for SA SMEs?
The news that Amazon is eyeing the South African market is sparking predictions that a new online future is almost upon us, and the established local e-shopping scene will never be the same. The beneficiaries of a more competitive local scene are expected to be...
How to manage data governance in the era of AI
As artificial intelligence (AI) becomes increasingly integral to business operations, data governance is important to ensure the ethical and effective use of the technology. Petrus Keyter, data governance consultant, and Willem Conradie, chief technology officer of...
Energy forecasting as a service could benefit utilities and the country
Load forecasting, designed to ensure there is ample supply of electricity to meet demand, has been a focal point for utilities the world over especially during the ongoing energy crisis. In South Africa, amidst continual loadshedding, efforts have intensified to...