Technology Trends for 2023
Predicting the future now is a thankless job. However, we will still try to determine key trends which will continue to change the IT world in 2023. Read about six of them by the link.
Predicting the future now is a thankless job. However, we will still try to determine key trends which will continue to change the IT world in 2023. Read about six of them by the link.
How to launch digital mortgage lending products. The case of Freedom Holding Group
A mortgage is a major banking product nowadays. But the process of approving is usually quite outdated. The leading fintech company of Kazahstan Freedom Holding Group decided to change it and design a digital mortgage service. A user only has to fill out a questionnaire and share their name and phone number. This data is enough to profile the customer and make a decision on the approval or rejection of a loan application in a couple of minutes.
We asked Vadim Atamanenko, CIO at Freedom Holding Group, about how the digital montage service actually works. Watch the case by the link.
A mortgage is a major banking product nowadays. But the process of approving is usually quite outdated. The leading fintech company of Kazahstan Freedom Holding Group decided to change it and design a digital mortgage service. A user only has to fill out a questionnaire and share their name and phone number. This data is enough to profile the customer and make a decision on the approval or rejection of a loan application in a couple of minutes.
We asked Vadim Atamanenko, CIO at Freedom Holding Group, about how the digital montage service actually works. Watch the case by the link.
CIO yesterday, today, tomorrow: from a do-everything performer to business partner
It's no surprise that a CIO is often the one who has to do wonders. As an expert, they are expected to know all the nuances and can solve the most challenging issues. However, with bigger authority comes greater accountability. And it’s not always easy to find common ground in business issues. So, what does a modern CIO look like?
Read by the link.
It's no surprise that a CIO is often the one who has to do wonders. As an expert, they are expected to know all the nuances and can solve the most challenging issues. However, with bigger authority comes greater accountability. And it’s not always easy to find common ground in business issues. So, what does a modern CIO look like?
Read by the link.
The only thing that we’d like to take from 2022 is key AI news.
▪️ The survey on the state of AI from McKinsey's QuantumBlack demonstrates that business adoption of the technology has doubled in the last five years.
▪️ Research team from Disney has revealed a new aging/de-aging tool that can make an actor look convincingly older or younger, without the need for weeks of complex and expensive visual effects work.
▪️ Google is now trying to change that paradigm for its Google Sheets online spreadsheet program with the help of ML.
▪️ Planetary scientists discussed how new ML techniques have changed the way we learn about our solar system, from planning for future mission landings on Jupiter's icy moon Europa to identifying volcanoes on tiny Mercury.
Read more in the Global CIO’s news digest.
▪️ The survey on the state of AI from McKinsey's QuantumBlack demonstrates that business adoption of the technology has doubled in the last five years.
▪️ Research team from Disney has revealed a new aging/de-aging tool that can make an actor look convincingly older or younger, without the need for weeks of complex and expensive visual effects work.
▪️ Google is now trying to change that paradigm for its Google Sheets online spreadsheet program with the help of ML.
▪️ Planetary scientists discussed how new ML techniques have changed the way we learn about our solar system, from planning for future mission landings on Jupiter's icy moon Europa to identifying volcanoes on tiny Mercury.
Read more in the Global CIO’s news digest.
How to scale cloud-based projects and outsource IT services
One day, Abdulaziz Sattarov, a Member of the Board of Universalbank, realized that the company had problems with timely launches and the CIO constantly postponed deployments due to a lack of data servers and their high cost. But the vehicle was not the only problem the bank suffered from talent deficit. There were only 100 experienced IT directors for the whole of Uzbekistan. Digitalization was at stake.
Fortunately, the strategy was developed after research. Universal bank moved all data to the cloud and outsourced As a result, it takes only 30 minutes to create a new server. Furthermore, production has become five times cheaper.
Watch the case presentation by the link.
One day, Abdulaziz Sattarov, a Member of the Board of Universalbank, realized that the company had problems with timely launches and the CIO constantly postponed deployments due to a lack of data servers and their high cost. But the vehicle was not the only problem the bank suffered from talent deficit. There were only 100 experienced IT directors for the whole of Uzbekistan. Digitalization was at stake.
Fortunately, the strategy was developed after research. Universal bank moved all data to the cloud and outsourced As a result, it takes only 30 minutes to create a new server. Furthermore, production has become five times cheaper.
Watch the case presentation by the link.
Dangerous evolution. The main cyber threats of 2023
Group-IB is a company specializing in cyber security. In January, it maned the leading cyber risks of 2023.
▪️ Ransomware programs are deemed the number one cyber threat for businesses.
▪️ The market for access to corporate networks is expected to grow.
▪️ Moreover, data stolen using info-stylers becomes the main way to access the networks of the attacked organizations.
▪️ The anti-record of 2022 for the number of leaks of databases of Russian companies may be broken. Targeted phishing attacks on company employees may increase substantially.
Read more by the link.
Group-IB is a company specializing in cyber security. In January, it maned the leading cyber risks of 2023.
▪️ Ransomware programs are deemed the number one cyber threat for businesses.
▪️ The market for access to corporate networks is expected to grow.
▪️ Moreover, data stolen using info-stylers becomes the main way to access the networks of the attacked organizations.
▪️ The anti-record of 2022 for the number of leaks of databases of Russian companies may be broken. Targeted phishing attacks on company employees may increase substantially.
Read more by the link.
Global CIO announced the results of Project of the Year 2022
Congratulations to companies from Kazakhstan, Uzbekistan, Azerbaijan, Belarus, Armenia and Turkey took part in the contest.
▪️ The best IT project implemented in Uzbekistan: Extreme ERP: Uzbekistan.
▪️ The best IT training project: Educational projects for fintech specialists with Uzcard
▪️ The best project to enter a foreign - 2 months to launch stores in Uzbekistan
▪️ The best IT project implemented in Kazakhstan: Building a corporate data management platform
▪️ The best IT project in Belarus: Development of 1C:ERP integrated enterprise management system for a large aircraft repair plant
▪️ Best IT project implemented in Armenia: International expansion of Wink video service (commercial launch of Wink video service in the Republic of Armenia)
Once again, congratulations to all the winners of the 2022 Project of the Year contest.
Congratulations to companies from Kazakhstan, Uzbekistan, Azerbaijan, Belarus, Armenia and Turkey took part in the contest.
▪️ The best IT project implemented in Uzbekistan: Extreme ERP: Uzbekistan.
▪️ The best IT training project: Educational projects for fintech specialists with Uzcard
▪️ The best project to enter a foreign - 2 months to launch stores in Uzbekistan
▪️ The best IT project implemented in Kazakhstan: Building a corporate data management platform
▪️ The best IT project in Belarus: Development of 1C:ERP integrated enterprise management system for a large aircraft repair plant
▪️ Best IT project implemented in Armenia: International expansion of Wink video service (commercial launch of Wink video service in the Republic of Armenia)
Once again, congratulations to all the winners of the 2022 Project of the Year contest.
AI news January 2023: ChatGPT, an AI model of Muse, an Earth AI on the moon
The start of the year is rather active with all that news around ChatGPT and its ‘cans and can nots’.
We tried to avoid this topic and to look for more modest news. Since there is a lot happening the market of AI and data analytics without chatbots.
However, we will take a short look at the news from big guys who are focused…, well, on ChatGPT.
Read more by the link.
The start of the year is rather active with all that news around ChatGPT and its ‘cans and can nots’.
We tried to avoid this topic and to look for more modest news. Since there is a lot happening the market of AI and data analytics without chatbots.
However, we will take a short look at the news from big guys who are focused…, well, on ChatGPT.
Read more by the link.
👍1
CIO yesterday, today, tomorrow: from a do-everything performer to business partner
CIOs/Marketing teams play an extremely important role in a company. New technologies bring on great stir in the market. As vendors go out of their way to showcase their benefits, it's no surprise that CIOs are often expected to do wonders from an expert who can help with all complicated issues. However, the greater their authority, the greater their responsibility. And it is not always easy to find common ground in business matters. So, what should a modern CIO look like?
Read more by the link.
CIOs/Marketing teams play an extremely important role in a company. New technologies bring on great stir in the market. As vendors go out of their way to showcase their benefits, it's no surprise that CIOs are often expected to do wonders from an expert who can help with all complicated issues. However, the greater their authority, the greater their responsibility. And it is not always easy to find common ground in business matters. So, what should a modern CIO look like?
Read more by the link.
Personal PR for CIO: internal and external
▪️ Kirill Alifanov shared lifehacks on how, using simple communication tools, which will help to be more efficient both within companies and in the industry as a whole. Why is PR needed in such a high-tech industry as IT? How often do you need to do PR and what does it include?
▪️ Starting his career in information technology, Kirill gained a unique 20-year professional experience in building and developing complex IT systems. As an IT director, he created and implemented IT strategies for various large companies.
Read more by the link.
▪️ Kirill Alifanov shared lifehacks on how, using simple communication tools, which will help to be more efficient both within companies and in the industry as a whole. Why is PR needed in such a high-tech industry as IT? How often do you need to do PR and what does it include?
▪️ Starting his career in information technology, Kirill gained a unique 20-year professional experience in building and developing complex IT systems. As an IT director, he created and implemented IT strategies for various large companies.
Read more by the link.
👍1
LinkedIn has released monthly job market report for January 2023
Despite all the layoffs in IT companies, researchers call the situation fairly stable, see windows of opportunity and predict an improvement in the economy in 2024. The massive job cuts are reflected in the LinkedIn feed, with posts mentioning the words “layoffs”, “recession” and “open for work” actually increasing over the past few months. “Recession” was mentioned 7.7% more often in the 4 weeks from December 26, 2022 to January 22, 2023 compared to the previous 4 weeks, and 184% more often compared to the period from April 4 to May 1, 2022, when, as noted in the commentary, economic uncertainty began to rise.
Read more at the link.
Despite all the layoffs in IT companies, researchers call the situation fairly stable, see windows of opportunity and predict an improvement in the economy in 2024. The massive job cuts are reflected in the LinkedIn feed, with posts mentioning the words “layoffs”, “recession” and “open for work” actually increasing over the past few months. “Recession” was mentioned 7.7% more often in the 4 weeks from December 26, 2022 to January 22, 2023 compared to the previous 4 weeks, and 184% more often compared to the period from April 4 to May 1, 2022, when, as noted in the commentary, economic uncertainty began to rise.
Read more at the link.
Global CIO invites CIOs to take part in the international Top 100 IT Leaders ranking
The Global CIO community announces the launch of the Top 100 IT Leaders project, an international ranking of digital transformation leaders. We invite CIOs from Kazakhstan, Uzbekistan, Kyrgyzstan, Armenia, Georgia, Azerbaijan, and Turkey to participate in this ranking, and we also will be glad to see members from other countries.
Applications are open from March 6 to April 15, 2023. CIOs, CDTOs, CDOs, CEOs, and managers leading digital transformation in companies of various industries can take part.
What are the benefits of being ranked?
▪️Firstly, this is an excellent opportunity to talk about your professional competencies, achievements, and successes.
▪️Secondly, this is a great way to talk about the company you work for and see what your colleagues are doing.
▪️Thirdly, it is an ideal place for networking and interaction with colleagues.
Read more at the link.
The Global CIO community announces the launch of the Top 100 IT Leaders project, an international ranking of digital transformation leaders. We invite CIOs from Kazakhstan, Uzbekistan, Kyrgyzstan, Armenia, Georgia, Azerbaijan, and Turkey to participate in this ranking, and we also will be glad to see members from other countries.
Applications are open from March 6 to April 15, 2023. CIOs, CDTOs, CDOs, CEOs, and managers leading digital transformation in companies of various industries can take part.
What are the benefits of being ranked?
▪️Firstly, this is an excellent opportunity to talk about your professional competencies, achievements, and successes.
▪️Secondly, this is a great way to talk about the company you work for and see what your colleagues are doing.
▪️Thirdly, it is an ideal place for networking and interaction with colleagues.
Read more at the link.
French Government Proposes AI-Assisted Video Surveillance for 2024 Paris Olympics
In a first for France, the government is proposing the use of automated video camera surveillance during the 2024 Paris Olympics. The system would rely on AI algorithms to detect any suspicious or abnormal activity among the crowds, which are expected to exceed 13 million visitors. The AI algorithms would analyze footage from fixed CCTV cameras or drones and automatically flag any behavior deemed suspicious or abnormal, alerting the police to take action.
However, this proposal has sparked protests from several rights movements, who argue that it is a move towards stricter police control.
In a first for France, the government is proposing the use of automated video camera surveillance during the 2024 Paris Olympics. The system would rely on AI algorithms to detect any suspicious or abnormal activity among the crowds, which are expected to exceed 13 million visitors. The AI algorithms would analyze footage from fixed CCTV cameras or drones and automatically flag any behavior deemed suspicious or abnormal, alerting the police to take action.
However, this proposal has sparked protests from several rights movements, who argue that it is a move towards stricter police control.
AI Takes the Field: Revolutionizing Professional Sports Analytics at the 2023 Super Bowl
▪️During the 2023 Super Bowl, professional teams showcased their increasing reliance on AI for data analytics. The NFL's Next Gen Stats utilized a range of IoT devices to track player movements, including speed, acceleration, and distance traveled. Additionally, personalized fan experiences were enhanced through features like Player Matchup View.
▪️AI also played a role in identifying viewer demographics based on geography, broadcast time, and team performance. The use of AI in sports analytics is quickly becoming a game-changer, revolutionizing the way we understand and enjoy professional sports.
▪️During the 2023 Super Bowl, professional teams showcased their increasing reliance on AI for data analytics. The NFL's Next Gen Stats utilized a range of IoT devices to track player movements, including speed, acceleration, and distance traveled. Additionally, personalized fan experiences were enhanced through features like Player Matchup View.
▪️AI also played a role in identifying viewer demographics based on geography, broadcast time, and team performance. The use of AI in sports analytics is quickly becoming a game-changer, revolutionizing the way we understand and enjoy professional sports.
The first participants of the Top 100 IT Leaders have registered
The longlist of the ranking has already included IT leaders from Kazakhstan, Uzbekistan, Azerbaijan and Turkey. We are looking forward for more applications from CIOs, CDTOs, CDOs, CEOs and digital transformation managers worldwide.
The goal of the Top 100 IT Leaders project is to introduce real experts and executives with significant experience in creating innovative products and managing projects in digital transformation who are leading the digitalization process in the world to the IT industry.
You can apply yourself or recommend a worthy candidate on the website: https://globalcio.com/top100/rating/. Participation is free.
📣 Do not miss an opportunity to tell about your professional achievements!
The longlist of the ranking has already included IT leaders from Kazakhstan, Uzbekistan, Azerbaijan and Turkey. We are looking forward for more applications from CIOs, CDTOs, CDOs, CEOs and digital transformation managers worldwide.
The goal of the Top 100 IT Leaders project is to introduce real experts and executives with significant experience in creating innovative products and managing projects in digital transformation who are leading the digitalization process in the world to the IT industry.
You can apply yourself or recommend a worthy candidate on the website: https://globalcio.com/top100/rating/. Participation is free.
📣 Do not miss an opportunity to tell about your professional achievements!
Cloudflare is offering its clients free access to post-quantum encryption
▪️ Cloudflare, one of the world's largest content delivery networks, is offering post-quantum cryptography to all its clients for free.
▪️ Post-quantum cryptography is encryption that cannot be defeated by quantum computers. The company believes privacy should be a fundamental human right and post-quantum security should become the new baseline for the internet.
▪️ Cloudflare has been working on post-quantum encryption standards since 2018 and claims that over 99% of websites that support post-quantum cryptography are its clients. The company has already protected over 1 billion HTTP requests since 2019.
▪️ In May 2022, US President Joe Biden signed a national security memorandum requiring government agencies and urging the private sector to prepare for the emergence of quantum computers, which will be able to break encryption in the future.
▪️ Cloudflare, one of the world's largest content delivery networks, is offering post-quantum cryptography to all its clients for free.
▪️ Post-quantum cryptography is encryption that cannot be defeated by quantum computers. The company believes privacy should be a fundamental human right and post-quantum security should become the new baseline for the internet.
▪️ Cloudflare has been working on post-quantum encryption standards since 2018 and claims that over 99% of websites that support post-quantum cryptography are its clients. The company has already protected over 1 billion HTTP requests since 2019.
▪️ In May 2022, US President Joe Biden signed a national security memorandum requiring government agencies and urging the private sector to prepare for the emergence of quantum computers, which will be able to break encryption in the future.
Continuing from yesterday's post, we highly recommend watching a short YouTube video about the issue of post-quantum cybersecurity.
Currently, users' data is securely protected by RSA-algorithm encryption, which cannot be hacked by even the most powerful supercomputers in a million years. However, quantum computers have the potential to break this encryption within the next twenty years. It would only take thousands of physical qubits to determine multiples of the RSA code.
Although modern quantum computers, such as IBM's 400-qubit processor, are not yet powerful enough to achieve this, it doesn't mean that users' information is completely safe. Malefactors could employ a long-term strategy of "store now, decrypt later," which could prove remarkably effective.
The video by Veritasium explains how quantum computers could be used to break information security and why engineers need to think in terms of 1000-dementional space to avoid potential security breaches.
Currently, users' data is securely protected by RSA-algorithm encryption, which cannot be hacked by even the most powerful supercomputers in a million years. However, quantum computers have the potential to break this encryption within the next twenty years. It would only take thousands of physical qubits to determine multiples of the RSA code.
Although modern quantum computers, such as IBM's 400-qubit processor, are not yet powerful enough to achieve this, it doesn't mean that users' information is completely safe. Malefactors could employ a long-term strategy of "store now, decrypt later," which could prove remarkably effective.
The video by Veritasium explains how quantum computers could be used to break information security and why engineers need to think in terms of 1000-dementional space to avoid potential security breaches.
Scientists decide whether we are alone in the universe
They use machine detection to identify eight previously undetected "enquiry signals" from about five nearby stars.
The team worked on the Breakthrough Listen project, a privately funded project looking for technological developments among the 1 million nearby stars, 100 nearby galaxies, and other Milky Ways.
As part of the project, they applied the algorithm to a preliminary study collected by the Green Bank Telescope in the US. Already analyzed are 150 terabytes of data representing observations of 820 nearby stars.”
They use machine detection to identify eight previously undetected "enquiry signals" from about five nearby stars.
The team worked on the Breakthrough Listen project, a privately funded project looking for technological developments among the 1 million nearby stars, 100 nearby galaxies, and other Milky Ways.
As part of the project, they applied the algorithm to a preliminary study collected by the Green Bank Telescope in the US. Already analyzed are 150 terabytes of data representing observations of 820 nearby stars.”
Two technological marathons on industrial digitalization will be held in Almaty at once
Tech Garden is organizing two technological marathons on industrial digitalization in Almaty: Mining Day 2.0 and Oil&Gas Day. The event will take place on March 29 at the MOST business incubator. Representatives from the industrial sector, IT companies, and the scientific community will gather to discuss tasks and proposed solutions. Tasks for the marathons are already available on the Smart Industry Management Platform, and IT companies with experience in implementing digital technologies at industrial enterprises can participate. The purpose of the marathons is to demonstrate advanced domestic developments in the digitalization of industry (Industry 4.0) and identify additional needs.
Tech Garden is organizing two technological marathons on industrial digitalization in Almaty: Mining Day 2.0 and Oil&Gas Day. The event will take place on March 29 at the MOST business incubator. Representatives from the industrial sector, IT companies, and the scientific community will gather to discuss tasks and proposed solutions. Tasks for the marathons are already available on the Smart Industry Management Platform, and IT companies with experience in implementing digital technologies at industrial enterprises can participate. The purpose of the marathons is to demonstrate advanced domestic developments in the digitalization of industry (Industry 4.0) and identify additional needs.
Business world brought us two inspiring cases from Australia
South Australia’s Department for Education has been using Microsoft products for improving education and develop outcomes for young South Australians.
Its System Performance division uses a platform edAnalytics Hub by a tech provider Exposé to leverage the full power of data analytics for educational purposes. Woolworths is expanding the rollout of its self-checkouts using cameras and artificial intelligence in stores across Australia. The self-checkouts use camera vision and AI to detect when items aren't scanned correctly. If a product is not scanned a short video is replayed for the customer on the self-checkout and the customer has an opportunity to rescan it.
It was first trialed at one of Woolworths’ store a year ago but is now being used at more than 250 stores in three Australian states.
South Australia’s Department for Education has been using Microsoft products for improving education and develop outcomes for young South Australians.
Its System Performance division uses a platform edAnalytics Hub by a tech provider Exposé to leverage the full power of data analytics for educational purposes. Woolworths is expanding the rollout of its self-checkouts using cameras and artificial intelligence in stores across Australia. The self-checkouts use camera vision and AI to detect when items aren't scanned correctly. If a product is not scanned a short video is replayed for the customer on the self-checkout and the customer has an opportunity to rescan it.
It was first trialed at one of Woolworths’ store a year ago but is now being used at more than 250 stores in three Australian states.
5 Best Practices for a Successful Master Data Management Strategy
Master data is an essential aspect of any modern business, but it can be challenging to manage effectively. Global CIO delves into the fundamentals of MDM and found the five practices unlocking the full potential of data.
Master data is an essential aspect of any modern business, but it can be challenging to manage effectively. Global CIO delves into the fundamentals of MDM and found the five practices unlocking the full potential of data.
❤2