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How AI is Transforming Cybersecurity in 2021?

Smart Data Collective

Continue reading this post to know what is AI and how it is transforming cybersecurity for all the right reasons. As far as the importance of AI in cybersecurity is concerned, it enables cybersecurity professionals in detecting and resolving numerous security risks residing in corporate networks of different organizations proactively.

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Promising Benefits of AI in the Financial Technology Market

Smart Data Collective

According to P&S Intelligence , AI in the fintech market is expected to grow to $47 billion in 2030 from $7.7 According to fraud detection firm Feedzai, banking fraud attempts soared 159% from the final three months of 2020 to the first quarter of 2021, with the majority performed online. Cybersecurity. billion in 2020.

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Is AI Complicating Our Ability to Purchase Rare Items?

Smart Data Collective

Therefore, it should be no surprise that ecommerce brands are projected to spend $16 billion on AI solutions by 2030. One survey from Forbes found that 35% of all online purchases in 2021 were driven by product recommendations made by generative AI. AI it’s changing the ecommerce sector in countless ways.

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Why the Tech Talent Gap is Scaring CEOs Across the Globe

Cprime

In the Technology Executive Survey from October 2021, respondents cited: Difficulty finding employees. This dramatically outweighed both supply chain worries (26 percent) and cybersecurity (20 percent). million skilled workers by 2030. Stats that illustrate the global tech talent gap. Employee dissatisfaction.

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BFSI: Banking, Financial Services and Insurance

The BAWorld

from 2023 to 2030. The global cybersecurity market of BFSI is projected to reach $51.4 Globally, a total of $94 billion was invested in fintech startups in 2021. 4 billion by 2030. As of 2023, the global BFSI market was valued at a staggering $20.5 trillion and is expected to grow at a compound annual rate of 6.2%

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12 Cloud Computing Risks & Challenges Businesses Are Facing In These Days

Data Pine

billion and is expected to expand at a rate of 15.7% (CAGR) between now and 2030. Let’s start with the ever-pressing subject of cybersecurity. In an age where cybersecurity is expected to cost a collective $10.5 In fact, Grand View Research suggests that the sector’s current value stands at an excess of $368.97 Security issues.