12 Jun 2024
zally updates
It's a well-known fact that hackers don't just 'hack'; they often gain access by logging in.
In today's digital landscape, cyber resilience and compliance are paramount, particularly as hacking techniques become increasingly sophisticated. Recently, at Climb24, this topic was explored in depth on a panel discussion.
Hosted by: Alban Tramard, CISO of zally
Panellists:
Patrick Smith, Founder and CEO of zally
Kumi Thiruchelvam, COO & Investor at My Voice AI
Stewart Boutcher, CTO of Veracity Trust Network
Here are the key insights from the panel discussion:
Early Incorporation of Compliance
Compliance should begin from day one, especially from the perspective of a cybersecurity company/development team.
The moment interactions with external parties begin, vulnerabilities emerge, making proactive compliance essential.
Importance of Security Awareness
Education and awareness about security risks can equip people with the skills needed to prevent breaches from occurring.
The human factor is the weakest in cybersecurity, emphasising the need for ongoing security awareness and training.
Intellectual Property Protection
Protecting intellectual property (IP) is essential when raising funds and maintaining a competitive advantage.
Quality Equals Security
People want to know that they're working with a company that isn’t going to suffer if there is a breach.
Reputation is important in this industry.
Mitigation Strategies
No system can be entirely risk-free, therefore mitigation strategies and exercises are essential.
Continuous improvement and adaptation are necessary to stay ahead of potential threats, including AI-driven attacks.
Need-to-Know Basis
Restricting access to sensitive information to only those who require prevents information being overshared.
People, Process, Technology
All three elements are crucial in ensuring cybersecurity, highlighting the need for a holistic approach.
Authentication and Identity Verification
Effective authentication methods are key to ensuring security without compromising user experience.
Verifying the identity of individuals accessing systems is fundamental to cybersecurity measures.
Balancing Security with User Experience
Intensive security measures can cause too much friction for users.
This discussion highlights the significance of cyber resilience and compliance in safeguarding businesses against evolving threats. As we navigate an increasingly digital world, prioritising security and proactive compliance measures is crucial.
Thank you to Climb24 for having zally on the panel.
The technology industry is growing year-on-year. Understanding the impact of AI and new developments on the
industry is key for businesses to stay competitive and increase efficiency. Patrick Smith, our founder and CEO,
joined a panel at the "Digital Leadership Report" event hosted by Harvey Nash. He was joined by Nick Woods -CIO of
MAG (Airports Group), and Christopher Williamson - Technology Director of N Brown Group. Together, they discussed
issues in cybersecurity, artificial intelligence, and business transformation.
Here are the key takeaways:
Intellectual Property Issues:
There is uncertainty around IP ownership when engineers use generative AI to create code.
Clear legal guidelines are needed to determine who owns the rights to IP generated with AI tools.
Business Transformation:
Companies are undergoing transformations to boost revenue while adapting to new technologies.
M Brown, a retailer, has returned to profitability by improving margins and focusing on financial services,
despite a drop in sales.
Investments in new platforms and solutions are expected to bring long-term benefits.
AI and Operational Efficiency:
AI is being utilised to enhance operational efficiency, especially in infrastructure-heavy industries like
aviation.
For instance, AI is used for precise planning at airports, potentially leading to significant revenue increases.
Revenue Generation Focus:
Increasing revenue is a top priority, influencing the projects and decisions of companies.
There is a focus on aligning technology initiatives with business goals to drive financial performance.
Leadership and Board Insights:
Boards are concentrating on risk, cost, revenue, and sustainability.
Technology is seen as a key enabler for achieving strategic goals, including reducing carbon footprints in
industries like aviation, where sustainability is a key topic.
AI Adoption in Organisations:
Effective AI use depends on how data is utilised, not just its volume.
Smaller organisations can compete by being agile and focusing on data quality and application.
AI excellence requires robust data governance, and early adoption can provide a competitive advantage.
Skill Development and Education:
Continuous education and skill development in AI are crucial for all staff, not just technical teams.
Business transformation programs should incorporate AI as a tool, integrating it into broader strategic
initiatives.
Gender Diversity in Tech:
There are ongoing challenges in increasing female representation in tech roles, particularly in deep tech areas
like cybersecurity and AI.
Leadership must create supportive environments and actively encourage women to apply for tech positions.
Hybrid Work Models:
Hybrid working models are recognised as beneficial for work-life balance and productivity.
Organisations are focusing on creating office environments that employees want to return to, rather than mandating
office presence.
The insights shared underscored the importance of strategic technology adoption. From enhancing cybersecurity
measures to leveraging AI and driving business transformation, the discussion highlighted actionable steps for
businesses to stay competitive in the digital age. By embracing these strategies, organisations can effectively
navigate the challenges and opportunities presented by the ever-evolving digital landscape.
Thank you to Harvey Nash for having us on the panel.
https://www.flipoff.co.uk/flip-1-0 .The technology industry is growing year-on-year. Understanding the impact of
AI and new developments on the industry is key for businesses to stay competitive and increase efficiency. Patrick
Smith, our founder and CEO, joined a panel at the "Digital Leadership Report" event hosted by Harvey Nash. He was
joined by Nick Woods -CIO of MAG (Airports Group), and Christopher Williamson - Technology Director of N Brown
Group. Together, they discussed issues in cybersecurity, artificial intelligence, and business transformation.
Here are the key takeaways:
Intellectual Property Issues:
There is uncertainty around IP ownership when engineers use generative AI to create code.
Clear legal guidelines are needed to determine who owns the rights to IP generated with AI tools.
Business Transformation:
Companies are undergoing transformations to boost revenue while adapting to new technologies.
M Brown, a retailer, has returned to profitability by improving margins and focusing on financial services,
despite a drop in sales.
Investments in new platforms and solutions are expected to bring long-term benefits.
AI and Operational Efficiency:
AI is being utilised to enhance operational efficiency, especially in infrastructure-heavy industries like
aviation.
For instance, AI is used for precise planning at airports, potentially leading to significant revenue increases.
Revenue Generation Focus:
Increasing revenue is a top priority, influencing the projects and decisions of companies.
There is a focus on aligning technology initiatives with business goals to drive financial performance.
Leadership and Board Insights:
Boards are concentrating on risk, cost, revenue, and sustainability.
Technology is seen as a key enabler for achieving strategic goals, including reducing carbon footprints in
industries like aviation, where sustainability is a key topic.
AI Adoption in Organisations:
Effective AI use depends on how data is utilised, not just its volume.
Smaller organisations can compete by being agile and focusing on data quality and application.
AI excellence requires robust data governance, and early adoption can provide a competitive advantage.
Skill Development and Education:
Continuous education and skill development in AI are crucial for all staff, not just technical teams.
Business transformation programs should incorporate AI as a tool, integrating it into broader strategic
initiatives.
Gender Diversity in Tech:
There are ongoing challenges in increasing female representation in tech roles, particularly in deep tech areas
like cybersecurity and AI.
Leadership must create supportive environments and actively encourage women to apply for tech positions.
Hybrid Work Models:
Hybrid working models are recognised as beneficial for work-life balance and productivity.
Organisations are focusing on creating office environments that employees want to return to, rather than mandating
office presence.
The insights shared underscored the importance of strategic technology adoption. From enhancing cybersecurity
measures to leveraging AI and driving business transformation, the discussion highlighted actionable steps for
businesses to stay competitive in the digital age. By embracing these strategies, organisations can effectively
navigate the challenges and opportunities presented by the ever-evolving digital landscape.
Thank you to Harvey Nash for having us on the panel.
