Although organisations have been embarking on digital transformation programmes, in the majority of instances, the outcomes have been underwhelming and have not had the anticipated impact. Why is that the case? We discuss five key reasons for these failures.
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Cyber insurance is no longer as alien as it had been just a few years ago, but the threat landscape is incredibly dynamic thus causing the cyber insurance industry to continually adjust and redefine its posture. Although we spoke with Max Pragnell, of Gallagher Insurance Brokers, just about a year ago, a lot has changed. In this conversation, he discusses, among other things: key changes that have occurred in the cybersecurity and cyber insurance space; how cascading failures (across organisations, subsidiaries or business units, for example) from a single attack are being handled; and “data breach insurance” and what cyber insurance coverage may be available.
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Although there have been longstanding efforts by Caribbean countries to digitally transform their governments, it is questionable the degree of success that has been realised when the Average Joe is likely to be of the view that public sectors across the region are less open than they had previously been. Moreover, the focus on Open Data and Open Government also seemed to have stalled, though they are critical in supporting greater transparency and accountability and reducing corruption in the public sector.
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Within organisations, the odds are that employees are using Artificial Intelligence (AI) to assist them in certain tasks and activities. However, the use of AI in organisations could have far-reaching consequences, and it may be prudent to have a policy in place that guides its use.
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According to Grand View Research, the global mobile app market was valued at USD 206.85 billion in 2022 and is expected to grow at a compound annual growth rate of 13.8% between 2023 and 2030. However, mobile app development no longer seems to be a focus of Caribbean businesses or software developers. Have we missed that boat?
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