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In today's rapidly evolving business landscape, the integration of artificial intelligence (AI) has become increasingly prevalent. This blog explores the utilization of AI within organizations, with a specific focus on ISO 4201 standards and their significance in AI management. Mel Blackmore, the esteemed founder and CEO of Blackmores and Carbonology LTD, shares valuable insights into her career journey and the pivotal role of AI in shaping modern business practices.

Introduction to AI Managemen

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When assessing new ventures, a meticulous approach is crucial. For senior executives and investors, Heptalysis offers a robust, detailed tool for evaluating potential business investments into new ventures.  By breaking down the essential components of a business, this model enables investors to make informed decisions.

The Heptalysis framework is a strategic template for scrutinizing new ventures. It provides a detailed analysis of seven critical elements, offering a holistic view of a startup’

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Technology has always been a powerful influence in transforming business sectors on a global scale. Among different advancing domains, the aftermarket industry is benefiting from tech evolution as well. From internal collaboration to overall consumer interaction and service structure, so much has changed drastically in the past few years.

It is safe to say that the aftermarket sector has revived itself remarkably since the onset of COVID-19. However, there is more for automotive OEMs and dealersh

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A best-practice Enterprise Risk Management (ERM) program requires input and collaboration from multiple stakeholders across the organization. From operational staff completing risk assessments and control checks to board members who are using risk data to make important decisions regarding the direction of the business – everyone has an important role to play.

Download this eBook to learn how risk teams can engage the entire organization in the risk management process to capture sufficient data

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Audits are the building blocks of improvement for businesses that continuously work in the direction of streamlining customer experience. Simply put, auditing routines provide a definitive overview of gaps in a service structure. Sometimes, OEMs spend entire days reviewing the performance of dealers while serving their end customers.

However, these traditional means of service auditing don’t quite amount to any benefit for manufacturers or dealers. First of all, the process of reviewing audit rep

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Imagine you are building a world class risk management team for a non-financial company, who would you hire? In  my risk management team I need a researcher, a decision analyst, a quant and a culture ambassador.

The researcher

I need someone to spend time scouring through reports, news articles, and regulatory updates to identify emerging risks and trends. This demands a keen eye for detail and a deep understanding of the industry. The researcher must be able to connect the dots between seemingl

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Risk management is an essential part of running a successful manufacturing facility, including risks, security and facility sustainability. Creating a space that is safe, healthy, and secure is critical, but with climate change policies changing, ensuring the long-term success of a facility also requires sustainable changes that reduce the environmental impact of a facility.

In this article, we will address the common risks and challenges of the manufacturing industry as well as the key strategie

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Imagine a set of information built from every problem you have encountered along with its solution. It can work more like an encyclopedia of a diverse range of issues that your target users can browse every time it reoccurs. This set of info can also be tailored as an internal knowledge base system to help new team members of an enterprise catch the drift of business services and products.

The market for knowledge base software solutions covers a vast arena of the technology sector with widely-us

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A study published in the Annals of Oncology found that a deep learning algorithm achieved a 95% accuracy rate in detecting melanoma from skin lesion images, outperforming a panel of 58 dermatologists whose average accuracy was 86.6%.  In another study published in Nature, a deep learning system was able to identify breast cancer from mammograms with greater accuracy than radiologists. The AI system demonstrated a reduction of 1.2% (UK set) and 5.7% (US set) in false positives, and 2.7% (UK set)

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In a consumer-centered landscape, OEMs are rapidly looking to adopt efficient means of collaboration to align with evolving engagement expectations. Even if you provide the most in-demand aftermarket product or service, the experience of your customers and stakeholders will perpetually impact the growth of your business.

Being the core of the aftermarket domain, renowned original equipment manufacturers are required to maintain a multi-dimensional presence among a vast pool of dealers, distributo

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Green Hydrogen Market is Set to Rise at a CAGR of Roughly 51.23% in the Coming Years, 2024-30

According to the recently published research report by MarkNtel Advisors, the Global Green Hydrogen Market is estimated to grow at a CAGR of around 51.23% during the forecast period, i.e., 2024-30. The market for green hydrogen saw a noteworthy rise across the world in the historical years owing to the rising consciousness regarding environmental sustainability, strict rules endorsing eco-friendly practi

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In a constantly evolving market landscape, the strategies that work in the short term may not hold up in the long run. This blog explores the intersection of market dynamics and artificial intelligence in investment, drawing insights from a conversation with Andrew, the CEO and co-founder of Level Fields, an AI-driven fintech application.

Introduction to the Changing Market Dynamics

The market is ever-changing, requiring investors to constantly adapt their strategies to navigate through volat

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The introduction sets the stage by discussing the growing influence of AI in shaping electoral processes worldwide. It introduces the key speaker, Matthew Krayton, and outlines the primary focus of the conversation on detecting AI-generated content and safeguarding elections.

Evolution of Technology in Elections

The evolution of technology has significantly impacted the electoral landscape, bringing both opportunities and challenges. In recent years, the proliferation of misinformation throug

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Did you know more than 70% of companies fail to evaluate the loss of revenue caused by product returns? In fact, many businesses don’t realize the significance of automation in parts return management. For OEMs, effective return management is the need of the hour as it streamlines the process for dealers and their internal operation teams.

Managing the return of spare parts comes with a plethora of challenges, especially when it is already under warranty. From verifying the malfunction of the par

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Public Private Partnerships are key to mitigating rising data breaches, experts say

Cybersecurity leaders set to appear at GISEC Global 2024 discuss operations and challenges as data breaches surpass 30 billion records in 2024

Dubai, United Arab Emirates: As the international cybersecurity community gears up for GISEC – the Middle East and Africa’s largest and most impactful cybersecurity super-connector that will take place from 23 to 25 April at Dubai World Trade Centre – experts are weighing in

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Ethiopia, 14th August 2024The International Center for Strategic Alliances proudly presents the 15th Edition Connected Banking Summit – Innovation and Excellence Awards 2024; Ethiopia in Addis Ababa, scheduled for August 14th, 2024. Under the theme Under the theme “Bolstering the Economy with Digitization and Financial Inclusion”. Esteemed global executives, experts, and leaders will convene to drive the banking industry forward into a new era of innovation and excellence.

This summit, in coll

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We have compiled a monthly roundup of high-profile IS incidents that were reported in May. The latest issue includes details about vengeful employees and contractors, leaks at the world's largest companies  and unpatched vulnerabilities.

I DIDN'T SIGN UP FOR THIS! 

What happened: Dropbox Sign e-signature platform fell victim to a cyberattack.

How it happened: unknown attackers managed to compromise the Dropbox Sign service account and use it to gain access to the platform's internal automated syste

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In recent years, there has been a notable increase in warranty fraud costing the entire industry USD 600 million as per a report from ASW. In fact, many promising brands lose 2-4% share of their profits due to such occurings, resulting in a palpable revenue decline.

In a consumer-first marketplace where businesses are striving to keep their customers happy, it can be very difficult to identify fraud and take action against it. Therefore, OEMs require a robust warranty management system to not onl

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In a recent interview with Emanuel Daniel, an esteemed author and financial expert, the discussion revolved around the transformative power of digital assets in the banking industry. Emanuel shed light on the evolving landscape of banking, emphasizing the crucial role of cryptocurrencies and digital assets in shaping the future of finance.

Introduction to Digital Assets and Banking

The modern financial landscape has undergone a significant transformation with the rise of digital assets. These d

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The key to achieving sustainable growth in a competition-ridden market landscape is to know your target customers and evolve accordingly. There are plenty of tools and techniques used by businesses to analyze the behavior of their users and upscale their products to deliver a better experience. Among these engagement strategies, there is multilingualism with an exceptionally vast scope for thriving businesses.

As per CSA research on language preferences, 40% of consumers don’t buy from platforms

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