Facial recognition tech powered by AI poses a threat to society October 24, 2019 Facial recognition software feels like it has stepped out of the realms of science fiction and into reality. Thanks to massive developments in artificial intelligence (AI), cameras and surveillance systems can now check and analyse someone’s facial features in real time. This is a profound step forward in the realms of biometric security, and major [...]
UK financial services firms leading the way on automation October 14, 2019 Financial services firms in the UK are integrating robo-advisers into their ranks faster than their global competitors in a bid to harness the technology to retain customers – or poach new ones, new research has found. While 37 per cent of UK financial services firms surveyed have implemented robotic processing automation (RPA) – a technology [...]
Lack of clarity over AI definition ‘will confuse’ regulators October 8, 2019 The lack of clarity over what technology is classed as artificial intelligence (AI) poses a major challenge to future regulation in the financial services industry, a new report has warned. Read more: UK must adapt to automation or firms will suffer, MPs warn Research by the International Regulatory Strategy Group (IRSG) found that the lack [...]
UK energy boss conned out of £200,000 in ‘deep fake’ fraud October 6, 2019 A top energy executive has been conned out of £200,000 by cyber scammers who used artificial intelligence to mimic his boss’s voice. The UK boss of an unnamed energy firm was tricked into transferring the money following a phone call from that appeared to come from his boss at the German parent company, the Mail [...]
Ex-communication: Pope warns Silicon Valley against ‘barbarous’ AI September 27, 2019 Monks worried about losing their jobs to robots got a new champion today as the pope urged tech giants to ensure they do not lead the world into a new “form of barbarism” when developing artificial intelligence. Francis called for “open and concrete” discussions on the future of technology. Read more: Two thirds of adults [...]
Gone phishing: How easy is it to fall for a fake email? September 26, 2019 Some time ago, I received an odd email allegedly from Google, saying that it had received a request to delete my Gmail account. According to the message, I had just 48 hours to cancel the request. All I had to do was click on a link and enter my account details. I had not made [...]
Death of a sales tradition: Tomorrow’s sellers can’t rely on the gift of the gab September 25, 2019 Over the course of the last decade, the art of selling has undergone a radical transformation. A key factor in this has been a shift in the buyer-seller dynamic. Buyers are changing substantially faster than sellers, with younger generations increasingly self-educating – a CSO Insights study found that 70 per cent of them now fully [...]
DEBATE: Are MPs on right that UK firms need more robots? September 19, 2019 Are MPs on the Beis committee right to say that British businesses have too few robots? YES, says Chetan Dube, chief executive at IPsoft Whether it’s a physical robot or digital colleague, MPs on the business, energy and industrial strategy (Beis) committee are absolutely right that UK businesses need to step up their automation efforts [...]
Robot rollout: Number of businesses using automation doubles in 2019 September 6, 2019 The number of businesses adopting automation at scale has doubled in the last year, though most say they have yet to assess how this could impact their employees. Roughly eight per cent of companies have deployed over 50 cases of automation this year, twice as many as in 2018, according to a report by Deloitte [...]
It’s time to give AI the human (resources) touch September 5, 2019 It is no secret that automation and artificial intelligence (AI) are changing the workplace. The debate on how wide-reaching these changes will be is one that feels never-ending, with no one truly knowing what impact it will have. The one certainty is that unless the workplace is fully behind AI and automation, it’s likely to [...]