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In fact, in 2020–2022, the financial sector was the second-most attacked sector, topped only by the retail and manufacturing sector. million) for the financial sector – 33% more than the average across all sectors. In turn, financial institutions heavily depend on ICT to be able to provide those services to begin with.
He noted that whilst the growing emergence of Big Tech in financialservices has already made life easier for consumers, it remains unclear how valuable their data will become in financial markets. The FCA also sets out its next steps.
.” When observing its potential impact within industry, McKinsey Global Institute estimates that in just the manufacturing sector, emerging technologies that use AI will by 2025 add as much as USD 3.7 trillion in value.
The fact that your ECC version will go onto extended maintenance in 2025 is not the main reason, is it?”. “No, So it’s not too late to think about including a purpose-built data management solution to reduce the data related risk in your project” “What exactly do you mean by data related risk?”.
. “Seven out of 10 UK consumers and two-thirds, on average, around the world would stop doing business with a brand that suffers a breach of users’ financial or personal data. ” [link]. The data era is shifting: From creation to storage to readiness – Information Age, 27 November 2018. ” [link].
By 2025, Gartner predicts that 45% of organizations worldwide will have experienced attacks on their software supply chains. The news has already captured some very high-profile incidents, including attacks on an American retailer, a software vendor, and more recently a multinational investment and financialservices bank.
Looking to the Future With 2025 just around the corner, the future of AI and its impact on consumers and trust promises to be an exciting journey, crammed with advancements and, no doubt, challenges too. In retail, the future will see even more personalized experiences for consumers, and shopping taken to a whole new level of experience.
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