ChatGPT was synonymous with Generative AI some time back, prompting me to explore its impact on the payments industry in a previous blog. However, it’s crucial to acknowledge that Generative AI is the encompassing circle in the Venn diagram, with ChatGPT being one of the circles nested within it. Today, let’s delve into the broader perspective of how Generative AI is poised to revolutionize the payments landscape.
Following the popularity of ChatGPT, AI (Artificial Intelligence) chatbots have become a trend in various fields. The application of these chatbots for organizations to provide immediate and accurate solutions is limitless. One such field is healthcare, where these health bots would play a vital role in helping patients by providing real-time virtual assistance whenever and wherever needed.
Customer services now constitute one of the key distinguishing factors of banks in an ever-changing environment. With increasing customer requirements, banks must adopt and incorporate novel technological methods to provide customized services. A very promising technology in this regard is generative AI. Generative AI in core banking systems will enable banks to transform their customer services by increasing efficiencies and building meaningful customer relationships.
In the world of data-driven decision-making, effective visualization is a cornerstone for translating complex data into actionable insights. Data visualization is a technique that makes information visually appealing by highlighting patterns and trends in the data and enabling readers to get new insights quickly. Different ways of visualization help the leadership team in their day-to-day decision-making.
Mastering container orchestration is the key to scaling applications seamlessly in today’s dynamic digital realm. By leveraging sophisticated platforms like Kubernetes or Docker Swarm, businesses streamline the management of complex application architectures, ensuring efficient resource allocation, fault tolerance, and automated scaling.
In 2022, Marriott, the renowned global hotel and resort company, fell victim to a cunning social engineering attack. During this security breach, cyber attackers successfully exfiltrated a staggering 20 gigabytes of highly sensitive customer data, including personal information and credit card numbers. In that very year, InterContinental Hotels Group (IHG) found itself in the crosshairs of a cyberattack that effectively crippled its booking systems and rendered its mobile apps inoperative.
On many occasions, your mobile phone may be out of network coverage. Or you may be traveling in a remote area without network connectivity. In this digital era, don’t you think you should be given the option to pay digitally in such situations, even when there is a network issue? Being able to pay digitally is far better than the need to carry cash for payments, but that is a separate topic on which we can have a particular blog later.
Generative artificial intelligence represents a category of AI that utilizes generative models to produce text, images, or other forms of media. These models grasp the intricacies and structure of their input training data, enabling them to generate new data with similar characteristics. In insurance, generative AI plays a pivotal role in expediting digitization processes.
Burp CO2 is a valuable addition to the renowned Burp Suite web proxy and application testing program, accessible via Portswigger. To unlock the capabilities of the CO2 extension, it is essential first to install Burp Suite. This extension is a multifaceted tool designed to enhance specific tasks within web penetration testing.
30% of Critical Infrastructure Organizations Will Experience a Security Breach by 2025 – Gartner Gartner’s insight underscores the critical need for organizations to reassess their cybersecurity approaches and learn from past disasters, such as the Colonial Pipeline security incident. This highlights the importance of increased vigilance and readiness within the energy industry, spurred by earlier wake-up calls.
