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News and trends

Follow latest trends in the industry.

The data economy is facing a paradox. The exponential increase in the processing of personal data has created a wide array of unprecedented possibilities to gain useful insights via artificial intelligence and machine learning. At the same time, these developments expose individuals to new privacy threats.

The convergence of Big Tech, finance, and government has enabled a new data economy. While AI is considered the next big thing, it’s only part of the story because data is the “oil” that fuels AI. The first movement in the megacycle was the General Data Protection Regulation (GDPR) when the EU championed data privacy in 2016.

Telecommunications fraud continues to impact companies globally, with a 12% increase in fraud loss reported in 2023 as compared to 2021 equating to an estimated $38.95 billion lost in 2023 representing 2.5% of telecommunications revenues.

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