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 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’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 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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