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In its recently released blueprint, Info-Tech Research Group is providing insurers with a comprehensive framework to tackle the growing challenges of data privacy in the age of AI. In the resource, the global research and advisory firm recommends AI training, strong data governance, and proactive risk management to help insurers safeguard personally identifiable information (PII) while using AI for underwriting, claims processing, and customer engagement. TORONTO , Dec. 13, 2024 /PRNewswire/ - As AI adoption continues to accelerate, the insurance industry is under increasing pressure to safeguard personally identifiable information (PII) against sophisticated data privacy risks. Global research and advisory firm Info-Tech Research Group explains in a newly published industry resource that traditional system safeguards and outdated legacy systems are proving insufficient to address the complexities of modern AI-driven processes, leaving insurers exposed to regulatory and technological vulnerabilities. To help insurers tackle these pressing challenges, Info-Tech Research Group's blueprint, Safeguard Your Data When Deploying AI in Your Insurance Systems , offers a strategic framework for integrating privacy-preserving AI solutions. The firm's resource features research insights and tools that will equip IT leaders in the insurance sector to strengthen compliance, mitigate risks, and protect PII while maintaining system performance. "Insurers handle vast amounts of data, from health records to financial histories, fed into AI systems that promise accuracy and efficiency but pose privacy concerns," says Arzoo Wadhvaniya , research analyst at Info-Tech Research Group . "A single breach could compromise thousands of customers' personal information, causing severe reputational and financial damage. It is not just about what AI can do; it is about ensuring it is done securely and ethically." In the blueprint, Info-Tech explains that traditional data safeguarding methods in the insurance industry are increasingly ineffective, as legacy systems often lack the flexibility to meet modern demands. The firm's research findings suggest that unfamiliarity with integrated AI technologies can lead to confusion among employees when assessing risks and determining appropriate applications. Complex regulatory requirements, which may not align with AI-driven processes, further heighten compliance challenges. To address these issues, Info-Tech recommends AI training programs to help employees understand associated risks and foster a culture of security and compliance. "Regulatory frameworks demand strict compliance, yet AI introduces complexities that make this harder. Insurers must ensure AI respects customer consent, limits data usage, and mitigates bias. Otherwise, the consequences could be costly in terms of both fines and lost trust," explains Wadhvaniya . Info-Tech's new resource provides IT leaders in the insurance industry with actionable strategies to address critical risks associated with generative AI. The firm emphasizes the importance of identifying insurance-specific risks and adopting a continuous improvement approach supported by metrics and a risk-based strategy aligned with a privacy framework tailored to organizational needs. The research highlights three key risks tied to generative AI: The firm advises the industry to take a proactive stance, implementing robust data governance practices, ensuring transparency, and fostering customer trust in the responsible use of AI. By leveraging insights from this blueprint, insurance companies can effectively address growing data privacy challenges while adopting advanced AI technologies for underwriting, claims processing, and customer engagement. For exclusive and timely commentary from Arzoo Wadhvaniya, an expert in IT strategies, and access to the complete Safeguard Your Data When Deploying AI in Your Insurance Systems blueprint , please contact pr@infotech.com . About Info-Tech Research Group Info-Tech Research Group is one of the world's leading research and advisory firms, proudly serving over 30,000 IT and HR professionals. The company produces unbiased, highly relevant research and provides advisory services to help leaders make strategic, timely, and well-informed decisions. For nearly 30 years, Info-Tech has partnered closely with teams to provide them with everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations. To learn more about Info-Tech's divisions, visit McLean & Company for HR research and advisory services and SoftwareReviews for software buying insights. Media professionals can register for unrestricted access to research across IT, HR, and software and hundreds of industry analysts through the firm's Media Insiders program. To gain access, contact pr@infotech.com . For information about Info-Tech Research Group or to access the latest research, visit infotech.com and connect via LinkedIn and X . View original content to download multimedia: https://www.prnewswire.com/news-releases/insurers-urged-to-safeguard-data-amid-rising-ai-adoption-and-privacy-risks-says-info-tech-research-group-302331530.html SOURCE Info-Tech Research GroupFrench President Emmanuel Macron on Friday named centrist ally Francois Bayrou as prime minister, after a historic parliamentary vote ousted the previous government last week. Mr Bayrou, 73, a crucial partner in Macron’s centrist alliance, has been a well-known figure in French politics for decades. His political experience is seen as key in efforts to restore stability as no single party holds a majority at the National Assembly. Mr Macron’s office said in a statement that Mr Bayrou “has been charged with forming a new government”. During the handover ceremony, Mr Bayrou said that “no one knows the difficulty of the situation better” than he does. “I’ve taken reckless risks all along my political life to raise the issue of debt and deficits in the most important elections,” he said. France is under pressure from the European Union’s executive body and financial markets to reduce its colossal debt, estimated to reach 6% of its gross domestic product this year. “I know that the risks of difficulties are much greater than the chances of success,” Mr Bayrou said, adding that he hopes to lead the country towards a “needed reconciliation”. “I think this is the only possible path to success,” he said. The new prime minister is expected to hold talks with political leaders from various parties in the coming days in order to choose new ministers. Former prime minister Michel Barnier resigned last week following a no-confidence vote prompted by budget disputes in the National Assembly, leaving France without a functioning government. Mr Macron in an address to the nation vowed to remain in office until his term ends in 2027. Mr Macron’s centrist alliance does not have a majority in parliament and Mr Bayrou’s Cabinet will need to rely on moderate lawmakers from the left and the right to be able to stay in power. Some conservatives are expected to be part of the new government. Mr Macron’s strategy aims at preventing far-right leader Marine Le Pen from holding “make or break” power over the government. Ms Le Pen helped oust Mr Barnier by joining her National Rally party’s forces to the left to pass the no-confidence motion last week. Mr Bayrou’s appointment is also in line with Mr Macron’s efforts to build a non-aggression pact with the Socialists so that they commit not to vote against the government in any future confidence motion. Mr Bayrou leads the centrist Democratic Movement, known as MoDem, which he founded in 2007. In 2017, he supported Mr Macron’s first presidential bid and became a weighty partner in the French president’s centrist alliance. At the time, he was appointed justice minister, but he quickly resigned from the government amid an investigation into the MoDem’s alleged embezzlement of European Parliament funds. Mr Bayrou this year was cleared in the case by a Paris court, which found eight other party officials guilty and sentenced the party to pay a fine. Mr Bayrou became well known to the French public when he was education minister from 1993 to 1997 in a conservative government. He was three times a candidate for president: in 2002, 2007 and 2012.WASHINGTON: US President-elect Donald Trump filed a brief Friday urging the Supreme Court to pause a law that would ban TikTok the day before his January 20 inauguration if it is not sold by its Chinese owner ByteDance. “In light of the novelty and difficulty of this case, the court should consider staying the statutory deadline to grant more breathing space to address these issues,” Trump’s legal team wrote, to give him “the opportunity to pursue a political resolution.” Trump was fiercely opposed to TikTok during his 2017-21 first term, and tried in vain to ban the video app on national security grounds. The Republican voiced concerns — echoed by political rivals — that the Chinese government might tap into US TikTok users’ data or manipulate what they see on the platform. US officials had also voiced alarm over the popularity of the video-sharing app with young people, alleging that its parent company is subservient to Beijing and that the app is used to spread propaganda, claims denied by the company and the Chinese government. Trump called for a US company to buy TikTok, with the government sharing in the sale price, and his successor Joe Biden went one stage further — signing a law to ban the app for the same reasons. Trump has now, however, reversed course. At a press conference last week, Trump said he has “a warm spot” for TikTok and that his administration would take a look at the app and the potential ban. Earlier this month, the president-elect met with TikTok CEO Shou Zi Chew at his Mar-a-Lago residence in Florida. Recently, Trump told Bloomberg he had changed his mind about the app: “Now (that) I’m thinking about it, I’m for TikTok, because you need competition.” “If you don’t have TikTok, you have Facebook and Instagram — and that’s, you know, that’s Zuckerberg.” Facebook, founded by Mark Zuckerberg and part of his Meta tech empire, was among the social media networks that banned Trump after attacks by his supporters on the US Capitol on January 6, 2021. The ban was driven by concerns that he would use the platform to promote more violence. Those bans on major social media platforms were later lifted. In the brief filed on Friday, Trump’s lawyer made it clear the president-elect did not take a position on the legal merits of the current case. “President Trump takes no position on the underlying merits of this dispute,” John Sauer wrote in the amicus curiae — or “friend of the court” — brief. “Instead, he respectfully requests that the court consider staying the act’s deadline for divestment of January 19, 2025, while it considers the merits of this case, thus permitting President Trump’s incoming Administration the opportunity to pursue a political resolution of the questions at issue in the case.” A coalition of free speech groups — including the American Civil Liberties Union — also filed a separate brief to the Supreme Court opposing enforcement of the law, citing censorship concerns. “Such a ban is unprecedented in our country and, if it goes into effect, will cause a far-reaching disruption in Americans’ ability to engage with the content and audiences of their choice online,” the rights groups’ filing read, in part. The US apex court agreed last week to hear TikTok’s appeal against Biden’s move to force its owner to divest from it or face a ban. With oral arguments scheduled for January 10, the case would have to be heard at a breakneck speed. TikTok argues that the law, the Protecting Americans from Foreign Adversary Controlled Applications Act, violates its First Amendment free speech rights. AFP, among more than a dozen other fact-checking organizations, is paid by TikTok in several countries to verify videos that potentially contain false information.
Nexigen Communications’ investment of $4.35m in Campbell County could bring 75 new jobs
Trump is named Time's Person of the Year and rings the New York Stock Exchange's opening bell NEW YORK (AP) — President-elect Donald Trump rang the opening bell at the New York Stock Exchange after being recognized by Time magazine as its person of the year. The honors Thursday for the businessman-turned-politician are a measure of Trump’s remarkable comeback from an ostracized former president who refused to accept his election loss four years ago to a president-elect who won the White House decisively in November. At the stock exchange, Trump was accompanied by his wife, Melania Trump, daughters Ivanka and Tiffany and Vice President-elect JD Vance. Trump grinned as people chanted “USA” before he opened the trading day and raised his fist.
Stock market today: Wall Street slips as the 'Magnificent 7' weighs down the marketMastercard Finalizes Acquisition of Recorded Future
Salesforce, Inc. (CRM) Barclays 22nd Annual Global Technology Conference (Transcript)LASIK Eye Surgery Devices Market Set for Exceptional Growth in the Forecast 2024-2032 12-20-2024 06:20 PM CET | Health & Medicine Press release from: Cognate Insights LASIK Eye Surgery Devices Market Latest Market Overview The global LASIK (Laser-Assisted in Situ Keratomileusis) eye surgery devices market was valued at approximately USD 3.5 billion in 2024 and is projected to grow at a steady compound annual growth rate (CAGR) of 5.2% from 2024 to 2032. LASIK surgery is one of the most commonly performed vision correction procedures globally, contributing to the demand for advanced LASIK eye surgery devices. The growing prevalence of refractive eye disorders, such as myopia, hyperopia, and astigmatism, along with increasing consumer awareness of LASIK surgery benefits, is driving the market. Technological advancements in laser precision, improved surgical outcomes, and the availability of minimally invasive options further enhance market growth prospects. The LASIK Eye Surgery Devices Market has experienced steady growth in recent years and is expected to continue expanding at a strong pace from 2024 to 2032. This analysis offers a comprehensive overview, providing valuable insights into key trends and developments within the LASIK Eye Surgery Devices industry. These findings equip business leaders with the necessary knowledge to devise more effective strategies and enhance profitability. Furthermore, the report serves as a useful resource for new and emerging businesses, helping them make informed decisions as they navigate the market and seek growth opportunities. Major Players of LASIK Eye Surgery Devices Market are: Johnson & Johnson Vision (U.S.) - Revenue: USD 4.1 billion (2023) Alcon (Switzerland) - Revenue: USD 8.7 billion (2023) Bausch + Lomb (Canada) - Revenue: USD 3.8 billion (2023) Carl Zeiss Meditec (Germany) - Revenue: USD 2.3 billion (2023) Ziemer Ophthalmic Systems (Switzerland) - Revenue: USD 550 million (2023) Get Latest PDF Sample Report @ https://www.cognateinsights.com/request-sample/lasik-eye-surgery-devices-market-research Our Report covers global as well as regional markets and provides an in-depth analysis of the overall growth prospects of the market. Global market trend analysis including historical data, estimates to 2024, and compound annual growth rate (CAGR) forecast to 2032 is given based on qualitative and quantitative analysis of the market segments involving economic and non-economic factors. Furthermore, it reveals the comprehensive competitive landscape of the global market, the current and future market prospects of the industry, and the growth opportunities and drivers as well as challenges and constraints in emerging and emerging markets. Global LASIK Eye Surgery Devices Market Landscape and Future Pathways: North America: United States Canada Europe: Germany France U.K. Italy Russia Asia-Pacific: China Japan South Korea India Australia China Taiwan Indonesia Thailand Malaysia Latin America: Mexico Brazil Argentina Korea Colombia Middle East & Africa: Turkey Saudi Arabia UAE Korea Speak to Our Analyst for A Discussion on The Above Findings, And Ask for A Discount on The Report @ https://www.cognateinsights.com/check-discount/lasik-eye-surgery-devices-market-research Key drivers and challenges influencing the LASIK Eye Surgery Devices market: Regional Analysis: The report involves examining the LASIK Eye Surgery Devices market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets. Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the LASIK Eye Surgery Devices market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends. Company Analysis: Report covers individual LASIK Eye Surgery Devices manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies. Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards LASIK Eye Surgery Devices This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application. 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Mr Bayrou, 73, a crucial partner in Macron’s centrist alliance, has been a well-known figure in French politics for decades. His political experience is seen as key in efforts to restore stability as no single party holds a majority at the National Assembly. Mr Macron’s office said in a statement that Mr Bayrou “has been charged with forming a new government”. During the handover ceremony, Mr Bayrou said that “no one knows the difficulty of the situation better” than he does. “I’ve taken reckless risks all along my political life to raise the issue of debt and deficits in the most important elections,” he said. France is under pressure from the European Union’s executive body and financial markets to reduce its colossal debt, estimated to reach 6% of its gross domestic product this year. “I know that the risks of difficulties are much greater than the chances of success,” Mr Bayrou said, adding that he hopes to lead the country towards a “needed reconciliation”. “I think this is the only possible path to success,” he said. The new prime minister is expected to hold talks with political leaders from various parties in the coming days in order to choose new ministers. Former prime minister Michel Barnier resigned last week following a no-confidence vote prompted by budget disputes in the National Assembly, leaving France without a functioning government. Mr Macron in an address to the nation vowed to remain in office until his term ends in 2027. Mr Macron’s centrist alliance does not have a majority in parliament and Mr Bayrou’s Cabinet will need to rely on moderate lawmakers from the left and the right to be able to stay in power. Some conservatives are expected to be part of the new government. Mr Macron’s strategy aims at preventing far-right leader Marine Le Pen from holding “make or break” power over the government. Ms Le Pen helped oust Mr Barnier by joining her National Rally party’s forces to the left to pass the no-confidence motion last week. Mr Bayrou’s appointment is also in line with Mr Macron’s efforts to build a non-aggression pact with the Socialists so that they commit not to vote against the government in any future confidence motion. Mr Bayrou leads the centrist Democratic Movement, known as MoDem, which he founded in 2007. In 2017, he supported Mr Macron’s first presidential bid and became a weighty partner in the French president’s centrist alliance. At the time, he was appointed justice minister, but he quickly resigned from the government amid an investigation into the MoDem’s alleged embezzlement of European Parliament funds. Mr Bayrou this year was cleared in the case by a Paris court, which found eight other party officials guilty and sentenced the party to pay a fine. Mr Bayrou became well known to the French public when he was education minister from 1993 to 1997 in a conservative government. He was three times a candidate for president: in 2002, 2007 and 2012.AMOLED panel technology is poised to secure 43% of total display market revenue by 2028, according to a recent forecast by Omdia. This marks a substantial increase from its 34% market share in 2022, suggesting a transformative period in display technology adoption. The rise of AMOLED comes at the expense of traditional TFT LCD technology, which is projected to see its market dominance decline to 55% by 2028, down from 65% in 2022. This transition is driven by AMOLED’s superior features, including better picture quality, energy efficiency, and flexible design capabilities, according to Omdia. Several key factors are accelerating this market evolution: Samsung Display and LG Display are strengthening their market positions through substantial R&D investments in AMOLED technology. Chinese manufacturers have overtaken South Korean companies in Gen 8.6 OLED fab investments, particularly focusing on IT applications The LCD TV sector is countering OLED competition by emphasizing ultra-large displays (80 inches or larger). Falling AMOLED panel prices are making the technology more accessible in mid-range and lower-end markets Looking ahead, emerging technologies such as MicroLED, LEDoS, and OLEDoS are expected to capture approximately 5% of the total display market by 2031. These technologies show promise in specific applications, with MicroLED targeting large displays and high-resolution TVs, while LEDoS and OLEDoS are positioned for smaller devices like smartwatches and AR/VR equipment, according to Omdia. Despite AMOLED’s rising prominence, TFT LCD technology is expected to maintain a significant market presence, particularly in mid-range and budget segments, where its lower production costs continue to offer competitive advantages.
RICHMOND, Va.--(BUSINESS WIRE)--Dec 12, 2024-- The Board of Directors of NewMarket Corporation (NYSE: NEU) (the “Company”) approved a new share repurchase program authorizing management to repurchase up to $500 million of the Company’s outstanding common stock through December 31, 2027, as market conditions warrant and covenants under the Company’s existing debt agreements permit. The new repurchase program will replace the Company’s existing $500 million repurchase program approved by the Board of Directors in October 2021, which will expire on December 31, 2024. Under the new program, the Company may conduct share repurchases in the open market, in privately negotiated transactions, through block trades or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The new program does not require the Company to acquire any specific number of shares and may be terminated or suspended at any time. NewMarket Corporation is a holding company operating through its subsidiaries Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), and American Pacific Corporation (AMPAC). The Afton and Ethyl companies develop, manufacture, blend, and deliver chemical additives that enhance the performance of petroleum products. AMPAC is a manufacturer of specialty materials primarily used in solid rocket motors for the aerospace and defense industries. The NewMarket family of companies has a long-term commitment to its people, to safety, to providing innovative solutions for its customers, and to making the world a better place. Some of the information contained in this press release constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although NewMarket’s management believes its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that actual results will not differ materially from expectations. Factors that could cause actual results to differ materially from expectations include, but are not limited to, the availability of raw materials and distribution systems; disruptions at production facilities, including single-sourced facilities; hazards common to chemical businesses; the ability to respond effectively to technological changes in our industries; failure to protect our intellectual property rights; sudden, sharp, or prolonged raw material price increases; competition from other manufacturers; current and future governmental regulations; the loss of significant customers; termination or changes to contracts with contractors and subcontractors of the U.S. government or directly with the U.S. government; failure to attract and retain a highly-qualified workforce; an information technology system failure or security breach; the occurrence or threat of extraordinary events, including natural disasters, terrorist attacks, wars and health-related epidemics; risks related to operating outside of the United States; political, economic, and regulatory factors concerning our products; the impact of substantial indebtedness on our operational and financial flexibility; the impact of fluctuations in foreign exchange rates; resolution of environmental liabilities or legal proceedings; limitation of our insurance coverage; our inability to realize expected benefits from investment in our infrastructure or from acquisitions, or our inability to successfully integrate acquisitions into our business; the underperformance of our pension assets resulting in additional cash contributions to our pension plans; and other factors detailed from time to time in the reports that NewMarket files with the Securities and Exchange Commission, including the risk factors in Part I, Item 1A. “Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2023 and Part II, Item 1A. “Risk Factors” of our Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024, which are available to shareholders at www.newmarket.com . You should keep in mind that any forward-looking statement made by NewMarket in the foregoing discussion speaks only as of the date on which such forward-looking statement is made. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. We have no duty to, and do not intend to, update or revise the forward-looking statements in this discussion after the date hereof, except as may be required by law. In light of these risks and uncertainties, you should keep in mind that the events described in any forward-looking statement made in this discussion, or elsewhere, might not occur. View source version on businesswire.com : https://www.businesswire.com/news/home/20241210821417/en/ CONTACT: FOR INVESTOR INFORMATION CONTACT: William J. Skrobacz Investor Relations Phone: 804.788.5555 Fax: 804.788.5688 Email: investorrelations@newmarket.com KEYWORD: VIRGINIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: CHEMICALS/PLASTICS ENERGY MANUFACTURING OIL/GAS SOURCE: NewMarket Corporation Copyright Business Wire 2024. PUB: 12/12/2024 05:01 PM/DISC: 12/12/2024 05:02 PM http://www.businesswire.com/news/home/20241210821417/en