The proliferation of online data has led to a heightened risk of security breaches, leaving our confidential information vulnerable to malicious exploitations. Norton's research shows that the cost of recovering from a standard data breach is approximately $3.86 million, with businesses taking an average of 196 days (equivalent to 6 and a half months) to detect such breaches.
Moreover, our widespread online accounts, frequently protected by weak passwords, give away personal information such as bank account details, medical records, birthdates, social security numbers, and passport information.
Ferreting out a reliable cybersecurity protocol, therefore, is more important than ever before.
Does blockchain cybersecurity ring a bell? It is the new innovative technology that various industries are adopting to fight this ever-increasing need for security.
Congregating Artificial Intelligence (AI) to this powerful synergism can play a significant role by delivering valuable insights that enable companies to recognize potential threats. By acting on these insights, companies can mitigate response times and tailor to security best practices.
We are quite aware of the role of AI, IoT, cybersecurity, and blockchain in digital transformation now. While each of these technologies has unique benefits, when used in conjunction with one another, they can create a powerful synergism that can revolutionize the way businesses operate.
As always, the team Aicorespot put on an interesting panel discussion on the synergism of these advanced technologies in digital transformation, with real-time industry examples.
Here is a sneak-peak at our takeaways from the interactive discussion.
Synergism of AI, Blockchain, IoT, and Cybersecurity
The powerful synergism of these advanced technologies can transform the way businesses operate.
Let us understand with a real-time scenario: By using AI to analyze data collected from IoT devices, businesses can gain valuable insights into their operations. This, in turn, can help businesses optimize their processes and improve their services.
Further, Blockchain can be used to create a secure, tamper-proof record of these transactions. It can increase transparency and reduce the risk of fraud.
Finally, cybersecurity can ensure that these transactions are secure and protected from cyber threats.
In the telecom industry,
IoT technology can be leveraged to monitor network equipment and predict potential failures. AI can then analyze network data to identify congestion, optimize network traffic, and provide 24/7 customer support through chatbots and virtual assistants.
Blockchain technology can further enhance the security and transparency of telecom transactions by providing a secure and transparent record of communications, preventing fraud, ensuring accurate billing, and enabling new IoT applications and services.
Also, cybersecurity measures can protect sensitive customer data and secure their networks from cyber-attacks.
Overall, the combination of IoT, AI, blockchain, and cybersecurity has the potential to revolutionize many industries and enable businesses to operate more efficiently, securely, and sustainably.
However, it is important to ensure that these technologies are implemented responsibly and ethically, and that appropriate measures are taken to protect individuals' privacy and security.
To learn more about the conglomeration of these advanced technologies in business enhancement, watch this video of the Aicorespot panel discussion with InfoVision’s Chief Business Officer – Asia-Middle East-India, Mr. Rajendra Magadum as the moderator for the event.
To witness more such panel discussions, keep an eye out for AiCorespot updates. Stay Abreast with technology with InfoVision.