Artificial intelligence (AI) is embraced by business leaders in Australia for its potential to enhance operational efficiencies and save costs. However, on-the-ground IT teams encounter significant challenges, including limited expertise, funding issues, and cybersecurity threats. Particularly in regulated sectors like finance and energy, companies struggle with implementing AI solutions due to existing systems' limitations. John Hanna from Neudesic Australia highlights the pressing need for skilled talent and ethical standards while suggesting that adopting AI can help analyze large data sets for threats effectively.
Artificial intelligence (AI) has gained significant traction among business leaders keen to explore ways it can drive operational efficiencies and cost savings.
However, they also face heightened cyber threats and fraud, driven by threat actors leveraging AI to become more sophisticated.
Ultimately, the breadth of data mid-market companies in finance, energy, and utilities need to deal with is beyond the capabilities of existing systems.
By adopting AI, these companies gain the capability to analyse information at scale and speed to identify and stop these threats.
#artificial-intelligence #cybersecurity #business-efficiency #implementation-challenges #data-analysis
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