Tag: SAS
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The explosion of generative AI has accelerated the need for data literacy in what was already a fast-paced, data-driven world. Data literacy is no longer a nice-to-have skill but a must-have in any field. To help more people develop these critical skills, SAS has launched its second, free Data Literacy e-learning course, Data Literacy in…
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SAS, a vendor of analytics and artificial intelligence (AI) solutions, underscores the urgency of eliminating bias through the use of ethical AI in response to the growing concerns around automated claim processing in the health care sector. As an example, the South African healthcare industry has recently been wrestling with allegations of bias in the algorithms medical…
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The world has seen unprecedented artificial intelligence (AI) advances since AI and analytics company SAS launched its responsible innovation efforts one year ago. Amid this rapid disruption, SAS has increased efforts to bring trustworthy AI to customers, including a first-of-its-kind ethical AI healthcare lab in the Netherlands. SAS also expanded its Data Ethics Practice by integrating its successful Data…
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The supply chain has been significantly disrupted with shortages and geopolitical events requiring companies to think differently about how best to manage their operational environments. This is where digitisation plays a critical role as it delivers the tools and data required to build agility and resilience into supply chains. “Of course, the journey to digitisation…
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Retail success in a highly interconnected, data-driven world requires a balance of multiple dimensions, including providing value to customers at the right time and in the right place, while also reducing friction, and increasing engagement. This is according to some of the findings in the ‘Future of retail’ e-book that contains insights from retail and consumer packaged…
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Even though financial concerns remain a significant obstacle for companies in implementing new anti-fraud technologies, 60% of businesses expect an increase in their anti-fraud technology budgets in the next two years. This is according to the latest anti-fraud technology study conducted by global analytics leader SAS in partnership with the Association of Certified Fraud Examiners (ACFE).…
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More than half (62%) of companies across the Middle East and Africa (MEA) plan to increase their investments in solutions to improve the customer experience (CX) by up to 50% by 2024. 22% even plan to increase spending by up to more than double for technologies such as analytics, personalisation, and smart assistants. These are…
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Insurers’ use of predictive analytics to fight fraud has reached an all-time high, according to the latest insurance fraud technology study by the Coalition Against Insurance Fraud and analytics and AI leader SAS. The State of Insurance Fraud Technology study reveals that 80% of insurers use predictive modelling to detect fraud, up from 55% in 2018. In…
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By Mark Lambrecht According to media reports, analysed data for South Africa suggests that the current wave of infections (wave 3) is expected to end around the end of August 2021, but that estimates indicate the fourth wave could start around 2 December – comparable to wave 3 with an expected new variant of the…
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Citing the analytics and AI leader’s “ability to continually adapt its offering to market changes and new technologies,” Chartis Research has named SAS as a RiskTech Quadrant Category Leader in model risk management (MRM). Among 26 solutions evaluated by the analyst firm, SAS scored “high” in all evaluation criteria, including these completeness of offering categories: Model coverage Governance…
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The digital economy, and with it an increasing demand for the Fourth Industrial Revolution (4IR) skills identified by the World Economic Forum in 2016, is here. And while there can be no doubt that digital transformation presents a massive opportunity for economic growth in Africa, it is critical to ensure that this growth is inclusive…
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SAS, the US-based provider of Analytics and AI solutions, has announced its intention to be ready for an initial public offering (IPO) by 2024. Under the leadership of its co-founders, Jim Goodnight and John Sall, SAS has achieved the financial strength, brand equity and market leadership to make this move. To become IPO-ready, SAS will…
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Decision-makers are concerned about how the use of artificial intelligence (AI) technology can negatively impact their brand and result in a loss of stakeholder and customer trust. In fact, research has shown that 56% of executives globally have slowed down their AI adoptions because of such fears. These concerns have given rise to the concept of Responsible…
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Procurement fraud accounts for 16% of the economic crime experienced by South African corporates. Many business leaders are also expecting this to become even more disruptive over the coming 24-months. Continuous monitoring is therefore necessary to help modernise the procurement process and mitigate the risk of fraud. “The King IV Report and the importance of ongoing governance…
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Despite ongoing discussions around minimising the risk of bias in the technology, artificial intelligence (AI) can help address some of Africa’s most pressing issues. Whether it is in healthcare, education, sustainability, or even social development in general, Kelly Lu, Lead on Advanced Analytics and Artificial Intelligence, SAS in South Africa, believes that AI can be…