IT Insights

Metaverse maybe a moneymaker for enterprises by 2027

Gartner predicts that over 40% of large enterprises worldwide will leverage Web3, AR cloud, and digital twins in metaverse-based projects to increase their revenue by 2027. A complete metaverse is expected to be device-independent and evolve as a single and broadly accessible platform like the web. It will have its own virtual economy which is enabled by digital currencies and non-fungible tokens (NFTs). Gartner also predicts that more than half of the global population will be daily active users of multiple superapps in five years.

ICO warns against using biometrics for ‘emotional analysis’

The U.K. Information Commissioner’s Office (ICO) has warned organizations against using biometric technologies to conduct emotion analysis as the developments in the biometrics and emotion AI market are immature. Facial recognition and emotion analysis technologies are often powered by AI algorithms and rely on an array of personal and biometric data to sense, learn about and interact with human emotional life. However, ICO is concerned that incorrect analysis of data could result in inaccurate assumptions and judgments about a person and lead to discrimination.

System Updates

Oracle cloud infrastructure team explains how new technologies, data centers help NetSuite customer

With a fundamental goal of offering practical value to customers with AI applications, Oracle Cloud Infrastructure (OCI) has developed the NetSuite Machine Learning Program for customers to share their needs and actual data with the team to better train and improve the applications. OCI has also enabled new capabilities through additional automation and enhanced security. The team builds cloud data centers with a reusable model, allowing the destruction of virtual machines with a push of a button to mitigate threats like malicious code on a computer, and leverages its ML capabilities to detect and address threats faster.

Microsoft 365 at ignite—re-energize your workforce in the office, at home, and everywhere in between

Microsoft is launching a Teams Premium offering with more personalization, AI functionality, and security features built-in to simplify meeting management. The new features include personalized highlights created by a virtual assistant, AI-powered live caption translation for 40 spoken languages, confidentiality labels and watermarks for sensitive data, and more. Besides introducing Teams Live Share for participants to annotate and collaborate directly in the meeting window, Microsoft has also created Teams Mesh avatars which allow users to have a physical presence in virtual meetings when they do not want to turn on their cameras.

Cybersecurity Announcements

The human factor of cybersecurity: what's putting you at risk

Since post-pandemic cyber-attacks are on the rise, it is mandatory for any organization continuously strengthen its cybersecurity posture. Most cybersecurity strategies focus on automated protection and mitigation, however, with the rise of social engineering attacks, phishing-as-a-service and malware infections, every individual has a role to play in cybersecurity and protecting ourselves from cybercriminals. Enterprises can utilize AI in employee training and employ user and entity behavior analytics (UEBA) to recognize normal user behaviors and spot suspicious activities.

How the software supply chain security is threatened by hackers

A software supply chain attack occurs when a threat actor infiltrates downstream users’ systems by compromising a software vendor’s legitimate app with a changed source code. The risks associated with vulnerable software, including leaking credentials, corruption of data, and installation of malware, have never been higher due to the mass reuse of open-source components and the increased access to sensitive data by the supplier. As traditional security methods cannot fully address the grey areas of software supply chains, organizations are introducing security into all stages of the development lifecycle.