By David Andrzejek, head of financial services, DataStax Schrodinger’s Cat is a quantum mechanics thought experiment in which a hypothetical cat can be considered to be both alive and dead simultaneously. I can’t help but think of open banking in the United States — it’s not here, and, at the same time, it’s very much…
The US financial services industry has fully embraced a move to the cloud, driving a demand for tech skills such as AWS and automation, as well as Python for data analytics, Java for developing consumer-facing apps, and SQL for database work. The push is part of an industrywide trend toward making banking more accessible by…
Despite an evolving internet penetration rate of 47% in 2020, according to Internet World statistics, the social use of ICTs remains the main cause of digital illiteracy in Africa. Irrespective of the various ways of learning, and the abundance of information and knowledge, “use of digital in Africa remains basic and likely to favor digital…
Competition in the entertainment industry has never been as intense as it is today. For decades, the movie business in the U.S. was dominated by a handful of entertainment conglomerates, known as “The Big Five”: Disney, Universal, Paramount, Warner Bros, and Sony Pictures. But these days, an ever-blossoming field of cable networks and streaming services…
The meager supply and high salaries of data scientists have led to a decision among many companies totally in keeping with artificial intelligence ― to automate whatever is possible. Case in point is machine learning. A Forrester study found that automated machine learning (AutoML) has been adopted by 61% of data and analytics decision makers in companies…
From new Google and Facebook algorithms to GDPR, every so often a seismic change happens which can catch businesses on the backfoot. The impending loss of third party cookies is potentially one of those changes. Google announced it would phase out third-party cookies in Chrome by late 2023 in a move dubbed by some as…
There’s a cyber security arms race happening right now – and the criminals are winning. Estimates predict the cost of cybercrime will top $10.5 trillion by 2025, with financial institutions being particularly vulnerable. One study found the average cost of cybercrime to financial services companies was $18 million – 40% higher than the average cost…
The role of the CFO has evolved in recent years from the person in control of the purse strings, to the trusted right hand of the CEO. Their importance was further enhanced during the pandemic as they were often required to oversee changes in a matter of days or even hours that would normally have…
The global supply chain isn’t just bending, it’s on the verge of breaking. Pent-up demand from the lifting of lockdowns, geopolitical instability, war, problems in China, inflation and energy costs are all factors in creating an unprecedented level of supply chain instability – which pose an existential threat to companies the world over. Known as…
Humans have always gathered data to better understand the physical world around us. Today, companies are increasingly seeking to meld the digital world of data with the physical world through digital twins. Digital twins serve as a bridge between the two domains, providing a real-time virtual representation of physical objects and processes. These virtual clones…