For every business that’s using AI to do something groundbreaking, there are more that, well, aren’t. Adobe’s 2018 “Digital Trends” report found that while only 15 percent of companies are currently using AI, 31 percent have it on the agenda for the next year — but that rising demand doesn’t necessarily correlate with a rise in high-quality AI products. Much of it is fluff. I learned this the hard way in 2016. We were looking to license a model for a very specific task, and it led to horror. We’re an AI company ourselves, but we focus exclusively on language understanding and NLP. One of our clients was looking to add image recognition to one of our big AI models, so we started looking for partners that were good at image recognition. And it was really hard. We ended up settling on a vendor that our client recommended.On paper, the company seemed good. The sales team showed us case studies, and I’d heard the names of the data scientists mentioned in Slack channels about machine learning. But when we actually plugged into the AI, the results were wholly unsatisfying. We should have spent more time doing due diligence and speaking with the machine learning team (or at least an informed executive). When we tried to address the problem with the sales team it became clear they had no idea what the tech did. This separation between the sales team and the engineering team is a huge problem with AI — the people selling the solutions have to understand how the AI actually works. Because AI technology is getting so much hype, many companies are pivoting to AI without any experience in the field. And when you combine the complexity of the technology with the number of people getting in on the game, it’s a recipe for disaster. It’s hard to validate what good performance looks like; there aren’t that many widely established benchmarks for AI confidence or accuracy across different verticals, and some companies are taking advantage of the confusion. And AI is complicated enough without having to sort out bandwagon hustlers. Share this:The post Think Twice About a Company When You Keep Hearing These 4 AI Buzzwords appeared first on Statii News. from http://news.statii.co.uk/think-twice-about-a-company-when-you-keep-hearing-these-4-ai-buzzwords/
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COSCO shipping has been at the receiving end of a cyber attack this week that saw its operations being hit across the world. The attack started out in the early hours of Tuesday in its U.S. office, with systems going down and certain email services getting affected. The problem spread out across the Americas over the next few days, with Canada, Panama, Argentina, Brazil, Peru, Chile and Uruguay being affected. News spread and various news outlets raised the possibility of COSCO being held up by a ransomware attack. Though COSCO’s official press releases never substantiated the claims, they neither seemed to put the concerns of a ransomware attack to the ground. The initial statementthat came out on Wednesday made no specific mention of the countries that were affected, painting them under the “America regions” and in what can be called a plain-worded explanation at best, called the issue a “local network breakdown”. The statements that followed mentioned the countries that were affected, but there still has been no word on the type of attack that the company has come under. Over the last two days, COSCO has been working with customers through its social media page and had also mentioned that the communication lines like its website, emails, EDI, and CargoSmart that remain open to the users had not been compromised. “So far, all the vessels of our company are operating as normal, and our main business operation systems are performing stably,“ said the statement. “We have and will continue to assess developments and take corresponding measures to minimize the impact of current events on business.” Following the course of events, it can be seen that though the cyber attack had spread to different centers of COSCO, it has not inflicted major damage as the company’s shipping operations go about unhindered. Then again, the larger issue at hand isn’t this isolated incident, but the frequency of such attacks in the logistics world. Share this:The post COSCO’s cyber attack and the importance of maritime cybersecurity appeared first on Statii News. from http://news.statii.co.uk/coscos-cyber-attack-and-the-importance-of-maritime-cybersecurity/
These are closely followed by distributed denial of service (DDoS) attacks (19%), financial theft (18%), and attacks on intellectual property (17%), the survey of security professionals across Europe, the Middle East, Africa and the US shows.
Nearly half of those polled (47%) see DDoS attacks as increasingly harmful to their organisation this year, up from 38% in 2017. On average, 40% of respondent organisations said they have been targeted by DDoS attacks. Almost all companies surveyed (98%) have taken steps to minimise risks from attacks exploiting the Meltdown and Spectre chip vulnerabilities, with 90% of respondents saying they believe these attacks will become the norm. Neustar’s Changing face of cyber attacks report, which examined the effects of memcached attacks and the largest DDoS attack ever recorded at 1.7Tbps, demonstrates how the different types of threat propagating today, combined with the sheer volume of attacks, can paint a discouraging picture. The report also underlines that today’s threats seldom occur in isolation. For example, a DDoS threat in one segment can divert attention from malware in another, while ransomware can be used to hasten data exfiltration. According to the report, IPv6 attacks will rise as companies adopt the new standard. Neustar thwarted what is believed to be the first IPv6 attack, which presented a new direction that attackers are likely to pursue as more and more companies adopt IPv6 and run dual IPv4/IPv6 stacks, the report said. Running IPv4 and IPv6 in parallel speeds up IPv6 network implementation, but works against consistent security, the report warns. It adds that matters are complicated even further by the fact that many security tools still do not support IPv6 or may not be configured properly, which allows attackers to bypass firewalls and intrusion prevention systems, generating malicious IPv6 traffic that these controls do not recognise. The growth of devices making up the internet of things (IoT) is paving the way for botnets, which are constantly evolving, the report said, pointing out that cyber criminals can rent or buy these botnets with ease, making these threats one of the biggest issues for enterprises today. The post Cyber security vulnerability concerns skyrocket appeared first on Statii News. from http://news.statii.co.uk/cyber-security-vulnerability-concerns-skyrocket/ As chief cybersecurity advisor, I regularly receive requests from recruiters working in the field. Acknowledging the economic forces at play, I appreciate that global demand for cyber professionals exceeds supply. Add to this the increasing rate of organizational breaches and explosion in technology and online services, and it is easy to see why demand has spiked. All of these factors have no doubt fueled a boom in the cybersecurity industry, bringing with it the problem of questionable leadership. There are those who aspire to be cyber professionals, who may even have an IT background but do not have the necessary knowledge, experience, training and time at the coal face in cyber roles. Put simply, they lack good pedigree. The next time someone wants to talk to you about “risk,” ask them if they have ever conducted a threat risk assessment or managed incident response. More than likely, the answer is no. How do we get the right cyber leadership? Let’s first consider this through recruitment of a key cyber role — the CISO (chief information security officer). Recruitment needs to start with well-constructed job descriptions and criteria. CISOs need to be able to develop and set strategic direction for cyber risk and information security. Their areas of responsibility should include: 1. Risk management/risk culture. 2. Documentation standards. 3. Relationships and communication — in particular, with senior management and industry. 4. Incident response and business continuity. 5. Third party management. 6. Compliance activities. 7. Technical capability and delivery. A must-have requirement is the ability to maintain a current understanding of the cyber threat environment for their industry and related laws and regulations and the ability to translate that knowledge to identify risk and develop actionable plans to protect the business. Share this:The post Cybersecurity And The New CISO: The Leadership Enigma appeared first on Statii News. from http://news.statii.co.uk/cybersecurity-and-the-new-ciso-the-leadership-enigma/ SummaryTenable Holdings is an IPO with great prospects, combining cloud and security. Lack of internal expertise and a very real risk of cybersecurity threats result in corporations using the company’s platform in a big way. I like the rapid growth and justifiable forward sales and billing multiples, yet require the current momentum to cool off before potentially buying a modest stake. This idea was discussed in more depth with members of my private investing community, Value In Corporate Events. Tenable Holdings (TENB) has gone public in an IPO which was well-received by investors, being attracted to reasonable forward billings multiples, which are combined with very strong growth. Hence shares have risen 50% on their opening day, if you include the fact that the offer pricing took place above the preliminary offering range. This move has killed most of the immediate appeal in my eyes, although I continue to reserve a spot for Tenable on my watchlist. Tenable trades at justifiable revenue multiples, and growth is very strong, although I am not that happy with the lack of operating leverage displayed so far, so I’m not chasing the current momentum. Understanding And Reducing Cybersecurity RiskTenable provides solutions for a new category which the company calls Cyber Exposure. This category is all about managing and measuring cybersecurity risks in today’s era. Today’s corporations are rapidly updating and modernising their IT (infrastructure). Key trends include the fact that employees work from home and corporations move into the cloud, which results in companies having less control and visibility over these assets. This is a potentially dangerous combination with cyber attacks being on the rise. This threat is no longer just confined to IT, as actual industrial applications are being connected to the same networks as well, resulting in potential disruptions not only to the office functionality but also actual production. Tenable has essentially built a platform which the company itself compares to a command center. This platform allows IT staff to monitor digital security, and shows actual performance through live metrics and data streams, giving staff a road map on which threats to act upon. The post Tenable – Cybersecurity Play, Safe Investment? appeared first on Statii News. from http://news.statii.co.uk/tenable-cybersecurity-play-safe-investment/ The fall of SAP Anywhere, an e-commerce front end that arrived in the U.S. in 2016 with some fanfare, may have raised questions about SAP’s commitment to SMBs. However, with SAP boasting 60,000 Business One customers and with no plans to sunset Business ByDesign, the end of SAP Anywhere may help clarify the SAP SMB message. According to experts, SAP’s plans for Business Onemay prove to be what resonates with this market, even though Business ByDesign is also being pushed as a contender. Business One is becoming more of a real platform, with a more modular microservices architecture, according to Cindy Jutras, president of the Mint Jutras consulting firm. “This will be a big plus for partners who develop add-ons as extensions,” she said, noting that instead of customizing Business One, partners can use plug-and-play extensions. This can also benefit customers who won’t have to deal with custom code. SAP SMB messaging for Business One is clearerAdditionally, SAP seems to have clarified some of its messaging around Business One. The company stopped using the Business All-in-One tag, which was never a separate product, but a software package consisting of SAP ERP with best practices and templates built in, according to Jutras. Internally, SAP has merged Business One and Business ByDesign so they are handled by one team, but the vendor does not plan to merge the products, according to Luis Murguia, senior vice president and general manager of Business One and Business ByDesign. The intention is to simplify the way partners work with SAP and allow resellers whose customers are reaching the limits of Business One to offer Business ByDesign with less hassle, he said. Business ByDesign may need more of a pushHowever, Business ByDesign is still in a gray area and may not even be necessary for the SAP portfolio, according to Jutras. “If they do with S/4HANA what they’re talking about doing in terms of bringing it to the cloud … I’m wondering if that will crowd Business ByDesign out of the niche,” she said. Share this:The post Renewed push for Business One could boost SAP SMB strategy appeared first on Statii News. from http://news.statii.co.uk/renewed-push-for-business-one-could-boost-sap-smb-strategy/ Among technology stocks, the name SAP (SAP) has never exactly been one of the most popular. Stocks like Amazon (AMZN) and Netflix (NFLX) are “hot names” in the internet space (though perhaps not the latter after the most recent earnings report), while Microsoft (MSFT) has dominated the majority of hype for the software space ever since Satya Nadella took the helm and refocused the company away from Windows and onto cloud services. While we’ll acknowledge that SAP’s push into the cloud has been behind that of Microsoft, the entire group of large-cap software companies have been slower to change. Microsoft spent years building out its cloud services in Office 365 and CRM tools like Microsoft Dynamics and Microsoft PowerBI, while Oracle was a noticeable laggard in transitioning its backend database and frontend applications to a cloud-based consumption model. SAP is not alone in this regard. Yet while Microsoft’s stock continues to soar to new heights, especially after the Redmond giant’s Q4 earnings release last week, SAP has largely traded flat. While investors in SAP have been impatient for it to get off the ground, I still find the stock to be extremely attractive, both in terms of its relative valuation to peers as well as for exposure to one of the Eurozone’s largest companies. On both an earnings and revenue basis, SAP trades at a substantial discount to Microsoft, which has risen 24% year-to-date while SAP has barely remained above flat: The post SAP: It’s Still All About The Cloud appeared first on Statii News. from http://news.statii.co.uk/sap-its-still-all-about-the-cloud/ Business software provider SAP said revenue from of its C/4Hana suite, which includes Hybris e-commerce and CallidusCloud sales management software, increased 65% in the second quarter.Hybris Commerce, for years a leading name in B2B and retail e-commerce software for large, complex organizations, has all but disappeared as a brand name in SAP SE’s product information. The same goes for CallidusCloud, the cloud-based sales management software suite, including configure-price-quote technology for online sales of complex business and industrial products. CEO Bill McDermott is looking to expand SAP’s cloud-based services to challenge rivals such as Salesforce.com and Oracle. But the market presence of Hybris and CallidusCloud—now SAP Commerce Cloud and SAP Sales Cloud, respectively—continues as a growth driver within their new home, SAP’s C/4Hana suite of cloud-based “customer experience” software. SAP doesn’t break out revenue for its Commerce and Sales products in C/4Hana, which also includes cloud software for marketing, customer service and data management. For the second quarter ended June 30, Germany-based SAP said its revenue from its C/4Hana suite increased 65% year over year to 242 million euros (US$282 million). SAP also reported strong revenue growth in its internet-based Business Network Group, which includes the SAP Ariba procurement network and related software, Concur travel and expense software, and Fieldglass workforce management software. Business Network revenue increased 21% year over year in the second quarter to 688 million euros (US$803 million). The value of all commerce transacted through the SAP Business Network, including more than 180 countries, is about $2.4 trillion annually, SAP says. SAP SE is betting big on its cloud business for future sales growth, raising its outlook even as concerns remain about whether new bookings can keep pace. Last week it raised its guidance both for this year and for 2020, citing accelerating cloud sales. New cloud bookings, a keenly watched metric because it indicates future revenue growth, increased 29%—off the pace of 40% overall sales growth in the cloud segment. Article Credit: Digital Commerce 360 Share this:The post SAP Hybris lives on, if not under its brand name appeared first on Statii News. from http://news.statii.co.uk/sap-hybris-lives-on-if-not-under-its-brand-name/
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Privacy & Cookies Policy Go to Source The post Homeland Security warns businesses of Oracle and SAP ERP vulnerabilities appeared first on Statii News. from http://news.statii.co.uk/homeland-security-warns-businesses-of-oracle-and-sap-erp-vulnerabilities/ If you’re planning on buying a new car, you may want to consider adding a GAP insurance policy. There’s a lot of different types of insurance you can take out on your vehicle, but GAP insurance can prove particularly useful. It doesn’t have to be a new car, but this type of insurance does tend to give back more to those who do buy brand new vehicles. Here, you’ll discover exactly what GAP insurance is and the types of things it covers. What is GAP insurance? The majority of insurers will typically provide cover for the Actual Car Value (ACV). However, as you may already know, cars depreciate in value over time. This means, what you paid for the vehicle and what it’s worth at the time of your claim could be totally different. If the insurer only pays out for the current value of the car, you could find yourself unable to afford to replace the car. GAP insurance is there to make up the difference. So, however much you’re short from what you paid for the car, the GAP insurance policy will cover you. What does it cover? When you take out GAP insurance from a provider such as ALA, it provides cover for your entire vehicle. It also pays out if your vehicle is stolen and cannot be recovered. If you owe money on car finance, it provides the negative equity required to pay off the finance before you can get a new vehicle. What doesn’t it cover? There are some things GAP insurance doesn’t cover so it’s worth being aware of these when making your decision of whether or not to take it out. Firstly, it doesn’t cover damage to property or bodily injuries. It purely pays for damages to the vehicle. It also won’t cover deductible costs, death or engine failure. It only pays out if you suffer a total vehicle loss, whether that be via an accident or theft. So, you won’t be able to claim for loss of wages, funeral costs or medical expenses. Overall, GAP insurance can be a great add-on policy to have. This is especially true if you are buying a new car as they tend to lose a third of their value the minute you drive them. If you couldn’t afford to replace the vehicle if something were to happen, GAP insurance is definitely a policy you’ll want to have. Share this:The post What is GAP Insurance and What Does it Cover? appeared first on Statii News. from http://news.statii.co.uk/what-is-gap-insurance-and-what-does-it-cover/ |
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