The cyberattack on UnitedHealth Group, resulting in a $872 million loss to the health insurer, is just one example of the evolving cyberthreat landscape in today’s connected economy. Beyond mere operational disruptions, such incidents reveal the profound financial ramifications of cybersecurity breaches. In response to these escalating threats, organizations are...
Health systems technology firm Kontakt.io has raised $47.5 million to expand its artificial intelligence (AI) solution. “Kontakt.io enables health systems to optimize patient, staff, and resource flows, improving safety, coordination, and service delivery,” the firm said in a Tuesday (April 16) news release. “The company uses AI, the...
As PYMNTS recently reported, it may not be long before today’s self-guided household vacuum cleaners are replaced by advanced, AI-driven robots that make Roombas look like whisk brooms. This is just one example of how the next wave of technology might begin transforming our lives...
In an increasingly interconnected world, the proliferation of connected devices has become ubiquitous, reshaping the way people live, work and interact with technology. From wearable gadgets to sophisticated smart appliances, the Internet of Things (IoT) has permeated nearly every aspect of consumers’ daily routines. According to research from PYMNTS...
December 01, 2023
Artificial intelligence (AI) is giving industry 4.0 a shot in the arm. The bleeding edge computing innovation is driving future-fit efficiencies within historically fragmented and labor-intensive industries, slotting productively into the current industrial era of connectivity, advanced analytics and automation. “The Industrial 4.0 revolution was based on digitization, and it’s starting to mature now,” Prateek Kathpal, […]
January 05, 2022
In 2021, regulators and policymakers around the world launched different regulatory initiatives on a wide range of topics from FinTech to crypto, privacy and artificial intelligence. In TechREG, we expect...
May 10, 2021
Data, data everywhere – accumulating exponentially, as we have gone increasingly digital. A fact to file away under “mind-boggling stats:” We as humans create 2.5 quintillion bytes of data every...
April 26, 2021
Recent research shows that the average data breach costs financial institutions (FIs) $210 on average per compromised account, and it costs merchants $119. But on both counts, the costs of...
January 16, 2024
Microsoft and Vodafone have launched a $1.5 billion payments and AI-focused collaboration. The partnership will see the companies employ Microsoft’s generative artificial intelligence (AI) to enhance Vodafone’s customer experience, Microsoft said in its announcement Tuesday (Jan. 16). The tech giant and the telecom will also build new digital and financial services for businesses, particularly small […]
September 07, 2022
A proposed European Union bill will fine makers of “internet of things” (IOT) products if they don’t meet stringent rules aimed at cutting down on cyberattacks, the Financial Times (FT)...
May 11, 2022
Amazon has unveiled two features for the Alexa Together function on its Alexa devices designed to help older people and their caregivers. In an announcement posted on its website Wednesday...
May 06, 2022
It’s Friday, May 6 and hard to believe that it was only 24 years ago that Steve Jobs introduced the first iMac. Today, the internet of things connects smart watches...
