The cost of a data breach has risen 15% over the last 3 years, and ransomware costs have jumped 13% in the last year.

President Biden has directed government agencies to develop new rules on protecting privacy and security, preventing intellectual property theft, reducing bias and more in banks' use of artificial intelligence models.

Insurtechs launching an ethical AI consortium to set guidelines for AI use and actuaries considering the pros and cons of the new technology are among the ways AI is changing insurance.

Panelists emphasized the significance of a comprehensive data strategy and ethical AI use, along with the industry's potential for innovation.

New data from UKG reveals how far workplaces have yet to go in regards to making employees part of the decision making process.

Strategy executive Michael Mahaffey spoke about how the insurer's digital transformation is an ongoing effort, and the accelerated evolution of technology he sees.

New data from Avanade suggests that a widening skills gap is what companies need to address in the wake of AI.

Adopting data profiling and machine learning could propel the industry into a future of enhanced efficiency, better risk assessment and superior customer experiences.

Mind Foundry has raised $22 million in funding, the latest sign of growing demand to deploy AI.

Transformative technologies are increasing productivity and job satisfaction, as well as providing workers with essential upskilling.