Changing role of CIO

The role of the CIO is changing, according to a Gartner survey of 3,160 CIO respondents in 98 countries.

The findings revealed that the CIO role is transitioning from delivery executive to business executive, from controlling cost and engineering processes, to driving revenue and exploiting data.

Ninety-five percent of CIOs expect their jobs to change or be remixed due to digitalisation. While world-class IT delivery management is a given, it will take up less and less of the CIO’s time.

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NVIDIA invests in Deep Instinct

NVIDIA is investing in Deep Instinct, an Israeli-based startup that uses deep learning to thwart cyber attacks.

Deep Instinct uses a GPU-based neural network and CUDA to achieve 99 percent detection rates, compared with about 80 percent detection from conventional cyber security software. Its software can automatically detect and defeat the most advanced cyber attacks.

“Deep Instinct is an emerging leader in applying GPU-powered AI through deep learning to address cybersecurity, a field ripe for disruption as enterprise customers migrate away from traditional solutions. We’re excited to work together with Deep Instinct to advance this important field,” said Jeff Herbst, Vice President of Business Development of NVIDIA.

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Singapore seeks feedback on cybersecurity bill

Singapore’s Ministry of Communications and Information (MCI) and the Cyber Security Agency of Singapore (CSA) are seeking feedback on the proposed Cybersecurity Bill.

The public consultation exercise will run till August 3.

“Cyber-attacks are getting increasingly frequent, sophisticated and impactful. Globally, we have also seen a surge in the number of cybersecurity incidents, such as ransomware, cyber theft, banking fraud, cyber espionage and disruptions to Internet services. In Singapore, the recent Advanced Persistent Threat (APT) attacks targeting two of our universities, and the occurrence of the global WannaCry and Petya/Petna malware attacks which also reached our shores, serve as stark reminders of Singapore’s vulnerability to cyber threats,” noted the joint press release.

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Singapore to focus on 4 technology areas

Singapore will be focusing on four technology areas to build the foundation for its digital transformation. These are artificial intelligence (AI) and data science, cybersecurity, immersive media, and Internet of Things and future communications infrastructure.

At the opening of Infocomm Media Business Exchange at Marina Bay Sands Singapore Convention Centre, Minister for Communications and Information Dr Yaacob Ibrahim noted that “they are exciting fields with bright prospects in their own right, and they have great potential to transform other industries and enhance people’s lives”.

Artificial Intelligence and Data Science
The nation has established AI.SG, a national programme with funding of up to S$150 million to boost Singapore’s AI capabilities.

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Deep Instinct is Most Disruptive Startup

Hundreds of thousands of computers in 150 countries have been hit by the WannaCry ransomware. While users are scampering around trying to fix their computers, the top of mind question is whether this could have been avoided. And if artificial intelligence could have predicted and prevented such an attack.

At GPU Technology Conference (GTC) in San Jose, California last week, Israeli firm Deep Instinct won the Most Disruptive Startup category in NVIDIA’s Inception Award. The firm is the first to use AI to predict and prevent malware attacks.

According David Eli, Chief Technology Officer (CTO) of Deep Instinct, more than a million new malware threats are released daily, but most antivirus software focuses on known threats.

His firm’s graphics processing unit (GPU)-accelerated deep learning software detects malware in real time. Trained on hundreds of millions of files, the neural network learns to detect more threats and then uses its experience to predict new attacks.

“Winning this prize is the ultimate recognition from the deep learning industry because deep learning and NVIDIA are synonymous,” said Eli.

This is the inaugural year of NVIDIA’s Inception Awards, which recognises startups in three categories – Hottest Emerging, Most Disruptive and Social Innovation. Winners received significant cash prizes and graphics processing unit (GPU) hardware to further accelerate their activities.

Emerging out of stealth mode in November 2015, Deep Instinct’s patent-pending application of deep learning to cybersecurity results in cutting-edge capabilities of unmatched accurate detection and real-time prevention.

Leveraging the capabilities associated with deep learning, Deep Instinct provides instinctive protection on any device, platform, and operating system. Zero-day and APT attacks are immediately detected and blocked before any harm can happen to the enterprise’s endpoints, servers, and mobile devices.

“Deep Instinct relies on end-to-end deep learning for all its advanced malware detection and prevention capabilities. The deep neural network is trained on hundreds of millions of malicious and legitimate files. To handle such large-scale training, Deep Instinct developed its proprietary deep learning infrastructure directly on NVIDIA’s GPU machines,” said Eli.

“The powerful capabilities of NVIDIA GPUs enable us to perform our training at a substantially faster speed compared to CPUs: while training the Deep Instinct brain on NVIDIA’s GPUs takes a little over a single day of training, the same task on CPUs would take more than three months,” he added.

“We are thrilled to be recognised by NVIDIA for what we believe is a groundbreaking application of GPUs. Being able to leverage powerful technological capabilities to apply deep learning to cybersecurity empowers enterprises with unprecedented, real-time protection from the next unexpected attack,” said Guy Caspi, Chief Executive Officer of Deep Instinct.