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Developments in AI and IMF Positions Can Make Bitcoin Legally Tender

Smart Data Collective

In March 2014, the IMF held a meeting with central bankers and financial regulators from over 25 countries to discuss the implications of Bitcoin. In July 2014, the IMF itself recognized Bitcoin as a “convertible virtual currency.” Experts can also use AI technology to mitigate security risks with bitcoin.

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How To Improve Incident Response Time for Data Breaches

Smart Data Collective

Take the Marriott data breach in 2014, for example. An extremely good principle and starting point would be to honestly quantify the cybersecurity risk in your organization. Organizations should have strategies and procedures in place for making risk-related choices that represent the organization’s risk tolerance for data theft.

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7 famous analytics and AI disasters

CIO Business Intelligence

The patients who were lying down were much more likely to be seriously ill, so the algorithm learned to identify COVID risk based on the position of the person in the scan. The algorithm learned to identify children, not high-risk patients. In 2014, Amazon started working on AI-powered recruiting software to do just that.

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Can Predictive Analytics Help Traders Navigate Bitcoin’s Volatility?

Smart Data Collective

The good news is that predictive analytics technology can reduce risk exposure for these investors. They can still minimize the risks by using predictive analytics strategically. Gox hack in 2014 and the collapse of the Silk Road marketplace in 2013. Investors must be aware of this risk when considering investing in bitcoin.

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Energy leader Petrobras sails toward sustainability with new supply chain solution

CIO Business Intelligence

Without the real-time data visibility necessary to make informed decisions, Petrobras was facing an upsurge in risks and disruptions. With users able to monitor plant operations, maintenance teams have the ability to assess equipment performance, lower the risk of unplanned downtime and rapidly identify potential problems.

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Stablecoins: Solving the cryptocurrency volatility crisis

O'Reilly on Data

However, the dominant way to pay for smart contract-based goods and services has been with volatile cryptocurrencies, adding currency risk to businesses that operate on more stable national currencies such as dollars, yuan, or euros. With the rise of stablecoins, businesses incur smaller currency risks and transaction fees.

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SAP faces probe in the US over alleged price fixing in government contracts

CIO Business Intelligence

The investigation centers on more than $2 billion worth of SAP technology purchased by US government agencies since 2014. With the DOJ scrutinizing potentially illegal practices, SAP risks significant financial penalties and reputational damage that could affect future federal contracts.

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