Lifeboat Foundation

“Ruth Porat has taken an unusual path to the tech world. Before becoming the chief financial officer at Google in May 2015 (and then at Alphabet, Google’s new parent company, a few months later), she held the same post at Morgan Stanley, where among other roles she worked closely with the U.S. government to sort out the troubles at the insurance corporation AIG and the mortgage-financing agencies Fannie Mae and Freddie Mac during the 2008 financial crisis.”

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The lack of collaboration on cyber security between the senior levels of business is leaving UK firms exposed to fines and reputational damage, a study has revealed.

One in 10 C-level respondents to a survey by Palo Alto Networks said they “kind of” understand what defines an online security risk, but admitted they “still have to use Google to help explain it”.

This finding suggests that the lack of consensus on where the responsibility for cyber security lies could stem from some lack of cyber security understanding at the leadership level.

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The real question waiting to be address is how do we manage the technology to keep people safe without restricting businesses and technology progress efforts to make people’s lives better.

We look at how drones are revolutionizing the skies, and how this technology has so quickly moved from science fiction to ubiquitous reality. Airs in place of Insight on Monday, Feb 15 at 9 a.m. and 7 p.m.

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Although this article highlights the lack of awareness by some CEOs and board members on all things around Cyber Security; I do see a larger gap and risk. I do believe if a fully funded and dedicated joint task force effort among Silicon Valley, US Government, and Wall Street are not in place tackling this jointly to help the country and economy to diffuse this situation within the next 14 to 18 months that AI could fail in its delivery due to public’s concerns around trust and security.

Therefore, tech spent millions if not billions on new AI technology that businesses and consumers see no value in due to risks.

Some board executives still need help from a search engine to explain cyber security issues, warns report.

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I was waiting for this HIPAA’s new guidelines for mobile apps (focuses a lot on IAM); this is only the first wave. We will see more when more AI is launched.

Federal regulators have issued new guidance, including material to clarify for healthcare entities and software developers various scenarios where HIPAA regulations might apply to mobile health applications, including situations when patients use smartphones to collect or transmit personal health data.

See Also: 2015 Breach Preparedness and Response Study: The Results

Continue reading “New HIPAA Guidance For Mobile Apps, Health Info Exchange” »

The article entitled “Yes Robots Will Steal Our Jobs, But Don’t Worry We’ll Get New Ones” published by Rawstory is a very Interesting Article; however, again, I see too many gaps that will need to be address before AI can eliminate 70% of today’s jobs. Below, are the top 5 gaps that I have seen so far with AI in taking over many government, business, and corporate positions.

1) Emotion/ Empathy Gap — AI has not been designed with the sophistication to provide personable care such as you see with caregivers, medical specialists, etc.

2) Demographic Gap — until we have a more broader mix of the population engaged in AI’s design & development; AI will not meet the needs for critical mass adoption; only a subset of the population will find will connection in serving most of their needs.

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Lack of good Cyber Security across the net, will continue to be a key reason why AI in general will not deliver the return on new AI tech products and robots / devices. $3+ million in ranson may not be that large to mid size and large tech companies; however, it is everything to small businesses and small businesses and consumers is what keeps tech in business.

Hospital staff severely impeded in their day-to-day work.

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I believe it is wonderful to think about cognitive computing. However, as a fellow CIO & CTO, I would suggest a key priority has to be focused on Cyber Security until it is resolved; or in a better position to proactively blocker would be intruders. Without a solid Cyber Security plan and model in place and operational; your cognitive computing capabilities will be worth nothing in the end once hackers are helping themselves to your IP and other information as well as your AI machines.

The news comes from the recent IBM Institute for Business Value study, “Redefining Competition: Insights from the Global C-suite Study — The CEO perspective.” Researchers interviewed more than 5,000 C-level executives worldwide about their perspectives on a variety of technology issues, including the importance of mobile solutions, cloud computing, and the Internet of Things.

Torchbearers and Market Followers.

Continue reading “Top CEOs Focusing on Cognitive Computing” »

I agree; still a lot of work to be done in order for AI to have a huge impact around taking most of the jobs away. Besides, with new technology comes new careers.

India’s finance minister isn’t worried about jobs being lost in the country’s manufacturing sector despite warnings that industrial robots will dramatically reduce the need for factory workers in coming decades.

“I still have faith in human ingenuity, that even when jobs are lost in certain sectors … more jobs will be created because of that increased economic activity in other sectors,” Arun Jaitley told CNN’s Fareed Zakaria on Sunday at the CNN Asia Business Forum in Mumbai.

Continue reading “India’s finance minister isn’t afraid of robots” »