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Jane Fraser emphasized that the focus of Citi s technology investments extends beyond transformation, targeting digital innovation, new product development, improvements in client experience, and vital areas supporting infrastructure such as cloud and cybersecurity.

While IT investment has decreased in the last year, cybersecurity spending has stayed consistent as businesses and governments seek to protect their systems from hackers. The business anticipates revenue growth of 23% to 24.5% in fiscal year 2024, up from 22%23.5% before, and an adjusted core profit margin of 18%20%, up from 17%19% previously.

Market trends driving the digital transformation market are predominantly characterized by the integration of the Internet of Things (IoT), the proliferation of mobile technology, and the increasing importance of cybersecurity. IoT s role in connecting various devices and systems is fundamentally altering how businesses operate, leading to more efficient and automated processes.

In the current phase of India s spacetech journey, the emergence of a collaborative alliance among private players, akin to the transformative handinhand evolution witnessed in the late 1980s through NASSCOM, holds the potential to propel the nation to unprecedented heights

Sectors like business services, finance, healthcare, and education are poised for significant impact. According to NASSCOM, As of May 2023, the Indian Generative AI landscape had more than 60 startups dedicated to offering solutions and services to their customers spread across various industry verticals.

Information warfare and cybersecurity threats could affect electoral campaigns and outcomes across 45 countries this year, a report by the World Economic Forum (WEF) has revealed, adding that artificial intelligence poses one of the biggest threats to the coming elections in 2024.

Amid the growing threat of deepfakes flooding online, cybersecurity firm McAfee announced its AI powered Deepfake Audio Detection technology. The AI powered tool, Project Mockingbird, was unveiled at the Consumer Electronics Show in Las Vegas. McAfee

In a recent survey conducted by The Association of National Exchanges Members of India (ANMI), consisting of over 900 exchange brokers and members, it has been revealed that 82.3 percent of Indian stockbrokers are planning to invest in cybersecurity measures to bolster the resilience of their businesses against cyber threats.

With Generative AI acceleration, 70 per cent of startup founders are intending to embed Artificial Intelligence in their solutions, finds NASSCOM. (File Image: DC) Chennai: Notwithstanding the funding winter, over 60 per cent of tech startups reported an increase in profitability in 2023.

Hummingbirds AI, a leading innovator in the field of vision AI and cybersecurity, is thrilled to announce the launch of its latest product, Guacamole Browser, at the AI Cyberwar event. This surprise unveiling was attended by senior executives, thought leaders, and AI enthusiasts.