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A recent survey by Hitachi Vantara reveals that 48% of BFSI companies prioritize data security when deploying AI. The survey, which included insights from 231 global IT and business leaders, highlighted that 84% of respondents view data loss as catastrophic. Concerns about AI-enabled attacks and internal mistakes further emphasize the need for robust security measures.
Despite the urgency of security concerns, 36% of leaders acknowledge the importance of data quality for successful AI implementation. The rapid evolution of AI is challenging traditional data infrastructures, necessitating a balance between security, accuracy, and sustainability. Establishing reliable AI frameworks is crucial for maintaining trust and operational integrity in the BFSI sector.
• 48% of BFSI companies prioritize data security in AI implementation.
• 84% of leaders consider data loss catastrophic for their businesses.
Data security is crucial for protecting sensitive information from breaches and attacks.
AI-enabled attacks refer to cyber threats that utilize artificial intelligence to exploit vulnerabilities.
Data quality is essential for ensuring accurate AI predictions and maintaining customer trust.
Hitachi Vantara provides data solutions and emphasizes the importance of data security in AI.
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