Latest news with #ECI
Techday NZ
2 hours ago
- Business
- Techday NZ
Financial sector ramps up GenAI use but skills & risks remain
New research from Nutanix has revealed that financial services organisations are broadly adopting generative AI (GenAI), with implementations extending well beyond chatbot applications into areas such as fraud detection, cybersecurity, and customer experience. The findings are based on the company's seventh annual global Financial Services Enterprise Cloud Index (ECI) survey, which assessed enterprise cloud adoption, containerisation, and GenAI trends among IT and DevOps decision-makers across the sector. Almost every respondent reported current use of GenAI, including for customer support and content development. Widespread adoption and expanding use cases While initial industry enthusiasm for GenAI focused on front-line tools such as chatbots, the research highlights that organisations are increasingly applying it to core operations such as automation, fraud detection, and enhancing client engagement. Nutanix noted that solutions are being used to automate workflows, generate content, and deliver customer support at scale. However, the rapid uptake of these technologies is exposing several industry-wide challenges. Most respondents expressed concerns about their readiness to operate GenAI applications securely and at scale, with particular anxiety about data privacy and security risks. "Financial services organisations are turning to containers and hybrid cloud not just as technology upgrades, but as strategic enablers of customer value," said Lee Caswell, SVP of Product and Solutions Marketing at Nutanix. "This year's ECI report highlights how these technologies are delivering measurable ROI by powering GenAI applications that enhance fraud detection, strengthen cybersecurity, and elevate customer engagement. For financial institutions, containers and hybrid cloud have become essential tools to drive innovation, agility, and trust in a rapidly evolving digital landscape. "But AI and how organisations want to use it is also changing very rapidly. While GenAI remains a part of their activities, beyond the findings in the report, our customers are telling us they have moved to adopt agentic AI and are looking to harness its potential across their organisations and in how they interact with their customers." Infrastructure and skills lag behind The majority of survey respondents admitted that the foundational requirements to scale GenAI are not yet fully in place. In total, 97% said their organisations need to do more to secure their GenAI models and applications, and 92% agreed their infrastructure must be modernised to support cloud-native applications and containers. Containerisation and tools such as Kubernetes are already widely deployed, especially for GenAI workloads. Nevertheless, organisations continue to wrestle with issues such as application portability and the persistence of data silos across their operations. Talent shortages hinder scaling A further significant barrier for the sector is the ongoing shortage of skilled IT personnel capable of deploying GenAI from development into production environments. Nearly all respondents (98%) cited difficulty in scaling up due to insufficient expertise and integration challenges, prompting 62% to say they are actively hiring for GenAI-related roles. Many organisations highlighted the urgent need for training and upskilling existing staff. Mixed outlook for returns While the long-term expectations for GenAI remain positive, the immediate financial outlook is less certain. Just under 40% of those surveyed anticipated possible GenAI-related losses over the next year, while 58% expect to see returns on investment within one to three years. This highlights that many organisations see the value of GenAI as a longer-term play but are seeking more reliable ways to track and measure its impact. Security and compliance front of mind With increasing reliance on data-driven systems, security and compliance are rising priorities across the sector. The majority of respondents - 96% - said GenAI is already reshaping how they set data security and privacy policies. Furthermore, 90% raised concerns about security throughout the IT vendor ecosystem, pointing to the growing complexity of safeguarding data and applications in cloud environments. The ECI study was conducted by UK-based researcher Vanson Bourne in autumn 2024, polling 1,500 IT and platform engineering leaders from a range of firm sizes and regions globally, including North and South America, EMEA, and Asia-Pacific-Japan.
Hans India
2 hours ago
- Politics
- Hans India
TDP for third-party audits of electoral rolls under CAG
Vijayawada: TDP proposed several reforms to the Election Commission of India (ECI) to improve the accuracy and transparency of electoral rolls in Andhra Pradesh. In a letter submitted to Chief Election Commissioner Gyanesh Kumar, TDP Parliamentary Party leader Lavu Krishna Devarayalu urged the ECI to initiate the Special Intensive Revision (SIR) process in the state early, even though Assembly elections are due only in 2029. The TDP recommended third-party audits of voter rolls under the Comptroller and Auditor General (CAG), annual AI-driven tools to detect duplication, migration, and deceased entries in real time, and a reasoned order with prior notice for any voter deletion. It also sought standardisation of door numbers, Aadhaar-based verification for rectifying duplicate EPIC numbers, and the replacement of ink-based verification with biometric methods. The party called for the active participation of Booth Level Agents (BLAs) from all recognised parties, pre-publication of draft rolls, and publishing district-wise voter addition/deletion data on the ECI portal. A real-time public dashboard to track voter grievances and timelines for their resolution was also suggested, along with penalties for misconduct by Electoral Registration Officers (EROs) and District Election Officers (DEOs). To avoid partisan influence, the party proposed rotation of BLOs and EROs and the appointment of a state-level Ombudsman under the ECI. It emphasised the need for targeted re-enrollment of migrant workers, tribals, the elderly, and homeless citizens by accepting temporary address declarations with minimal documentation. TDP clarified that the SIR must be focused solely on electoral roll correction and not linked to citizenship verification. It urged procedural clarity stating that the burden of proof lies with the objector, not the voter, and that voters must be given notice, time to respond, and allowed stage-wise verification instead of instant deletion.
Scoop
4 hours ago
- Business
- Scoop
Nutanix Study Finds Financial Services Fast-Tracking GenAI Adoption—but Long-Term Gains Hinge On Infrastructure & Talent
Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, announced the findings of its seventh annual global Financial Services Enterprise Cloud Index (ECI) survey and research report, which measures enterprise progress with cloud adoption in the industry. The research showed that nearly all the financial services organisations surveyed are currently leveraging GenAI applications or workloads today, with a focus on real-life applications gravitating towards customer support and content development. Despite widespread GenAI adoption, financial services organisations are struggling to keep pace. Most cite a skills gap needed to manage GenAI with existing infrastructure. Moreover, 97% of respondents admit they could do more to secure their GenAI models and applications. 'Financial services organisations are turning to containers and hybrid cloud not just as technology upgrades, but as strategic enablers of customer value,' said Lee Caswell, SVP of Product and Solutions Marketing at Nutanix. 'This year's ECI report highlights how these technologies are delivering measurable ROI by powering GenAI applications that enhance fraud detection, strengthen cybersecurity, and elevate customer engagement. For financial institutions, containers and hybrid cloud have become essential tools to drive innovation, agility, and trust in a rapidly evolving digital landscape. 'But AI and how organisations want to use it is also changing very rapidly. While GenAI remains a part of their activities, beyond the findings in the report, our customers are telling us they have moved to adopt agentic AI and are looking to harness its potential across their organisations and in how they interact with their customers.' The report surveyed financial services leaders on GenAI adoption, Kubernetes, and container use, and where they're running mission-critical applications today—and where they plan to run them next. Key findings include: GenAI Adoption Is Widespread but Not Without Risk: Nearly all industry respondents report using some form of GenAI today, with current use cases focused on customer support, content generation, and automation. However, data privacy and security stand out as the top concerns, with 97% agreeing their organisations must do more to secure GenAI models and applications. Infrastructure Modernisation Is Needed for GenAI Success: 92% of respondents say their current infrastructure requires improvement to fully support cloud native applications and containers. Although containerisation and Kubernetes are already in use, particularly for GenAI workloads, application portability and data silos persist as major hurdles. IT Talent Shortage Could Slow Momentum: Nearly all respondents (98%) face challenges scaling GenAI from development to production, citing lack of skilled personnel and integration issues. While 62% of respondents are actively hiring for GenAI expertise, training and upskilling remain critical priorities. Return on Investment (ROI) is a Priority but It's a Long Game: 39% of respondents anticipate potential GenAI-related losses in the next 12 months, while 58% expect gains within one to three years. This suggests that financial services leaders are embracing a longer-term view of GenAI success but also underscores the need for better tools to measure GenAI ROI. Security and Compliance Will Continue to be Important: The majority (96%) of respondents say GenAI is reshaping their data security and privacy priorities. Additionally, 90% express concern about data security in the broader IT vendor ecosystem, further highlighting the complexity of securing AI deployments. For the seventh consecutive year, Nutanix commissioned a global research study to learn about the state of global enterprise cloud deployments, application containerisation trends, and GenAI application adoption. In the Fall of 2024, U.K. researcher Vanson Bourne surveyed 1,500 IT and DevOps/Platform Engineering decision-makers around the world. The respondent base spanned multiple industries, business sizes, and geographies, including North and South America; Europe, the Middle East and Africa (EMEA); and Asia-Pacific-Japan (APJ) region. To learn more about the report and findings, please download the full Financial Services Nutanix Enterprise Cloud Index, here and read the blog here. About Nutanix Nutanix is a global leader in cloud software, offering organisations a single platform for running applications and managing data, anywhere. With Nutanix, companies can reduce complexity and simplify operations, freeing them to focus on their business outcomes. Building on its legacy as the pioneer of hyperconverged infrastructure, Nutanix is trusted by companies worldwide to power hybrid multicloud environments consistently, simply, and cost-effectively. Learn more at or follow us on social media @nutanix.
NDTV
9 hours ago
- Politics
- NDTV
BRS Urges Poll Body To Delete Certain Symbols Resembling Party's "Car"
Hyderabad: BRS Leaders Boinipally Vinod Kumar and Soma Bharat Kumar met the State Election Commissioner on Tuesday seeking deletion of certain identical symbols from the list of free symbols as they are similar, identical and look alike to the Election Symbol of 'Car' of the Bharat Rashtra Samithi. They submitted a request to remove symbols resembling the BRS party's "Car" symbol from the list of free symbols for local elections. The leaders explained the damage caused to BRS in the 2023 assembly elections by symbols resembling the car, such as the "Chapati Roller," "Camera," and "Ship." In a letter to the State Election Commissioner, the BRS stated, "We, the Bharat Rashtra Samithi (BRS), a recognised state Political Party in Telangana, submit this representation regarding the misuse of identical symbols during Elections. Our party has been represented by the symbol 'CAR' for more than the last two decades and has successfully formed the Government in the State of Telangana twice since its formation on June 2, 2014. Over time, our party has earned the confidence and affection of the people through fulfilling promises made to the voters." "The present Bharat Rashtra Samithi (BRS) party was initially a Registered Party with Election Commission of India (ECI) as Telangana Rashtra Samithi (TRS). However, since the General Body of Telangana Rashtra Samithi party decided to change its name as Bharat Rashtra Samithi (BRS), we accordingly appealed to the ECI to change Telangana Rashtra Samithi (TRS) as Bharat Rashtra Samithi (BRS) in its records," the letter stated. The letter stated that the change of name was initiated by the Party because it intended to go National by contesting elections across the country. "The BRS Party has been successful in fulfilling the promises made to the voters of the State and thus earned the confidence and affection of the people and voters of the State. Unfortunately, this situation made it possible for our opponents to employ dubious methods to damage our prospects in the Elections. In this process, the opponents of our party have taken advantage of such identical symbols, which are available in the list of free symbols, to confuse the voters in choosing and recognising the BRS Symbol Car on the Ballot Papers," the BRS said in its letter. "In view of the facts, circumstances and reasoning explained above and in lieu of the damage caused to the BRS Party, we earnestly pray your authority to immediately delete the above identical symbols to 'CAR' from the List of Free Symbols in-order to prevent using them in the upcoming Ordinary Elections to the MPTC/ZPTC Elections to be held in Telangana and other elections to State Legislatures and Parliament to be conducted throughout the country," BRS added in the letter.
The Hindu
10 hours ago
- Politics
- The Hindu
TDP seeks procedural clarity, safeguards against wrongful deletions in electoral roll management
The Telugu Desam Party (TDP) has submitted a detailed representation to the Election Commission of India (ECI) on Tuesday, proposing a series of reforms aimed at strengthening electoral roll management and enhancing transparency in the democratic process. Making a significant reference to the upcoming Special Intensive Revision (SIR), the party emphasised the need for procedural clarity, safeguards against wrongful deletions, and respect for prior voter inclusion. The TDP leaders also suggested that the SIR process should be conducted with sufficient lead time, ideally not within six months of any major election, to ensure confidence and administrative preparedness. Stressing that the exercise should not be conflated with citizenship verification, the party has sought early initiation of the SIR in Andhra Pradesh. In a meeting convened by Chief Election Commissioner Gyanesh Kumar with all parties, TDP Lok Sabha floor leader Lavu Sri Krishna Devarayalu highlighted Andhra Pradesh's exemplary voter turnout of 81.86% in the 2024 general elections, far exceeding the national average of 65.79%. He urged the ECI to ensure this democratic momentum continues through timely, inclusive, and tech-driven voter roll revisions. In the meeting, TDP leaders, including the party's Andhra Pradesh unit president Palla Srinivasa Rao and MPs participated. Key suggestions by TDP The TDP has suggested that the SIR should be conducted with sufficient lead time, ideally not within six months of any major election, to ensure administrative preparedness Annual third-party audits under the supervision of CAG to identify anomalies in electoral rolls Use AI-driven tools for de-duplication, migration and deceased entries real time A time-bound grievance redressal mechanism at BLOs or EROs Standardise door numbers nationwide to strengthen electoral roll verification The other key suggestions of the party include annual third-party audits under the supervision of Comptroller and Auditor General (CAG) of India to identify anomalies in electoral rolls, use Artificial Intelligence (AI)-driven tools for de-duplication, migration and deceased entries in real time, ensure a time bound grievance redressal mechanism at the Block Level Officers (BLOs) or Electoral Registration Officers (EROs) and standardise door numbers nationwide as a policy measure to strengthen electoral roll verification. The TDP also suggested that Aadhaar-based EPIC number verification would help in removing duplication and replace the ink-based verification process with a biometric verification process. Participation of Parties The TDP suggested that the ECI should mandatorily involve Booth Level Agents (BLAs) from all recognised parties throughout the revision process and make pre-publication sharing of draft rolls with BLAs compulsory to enable real-time verification. The district-wise data on voter additions and deletions should be published with explanations on the ECI portal and a real-time public dashboard for tracking voter grievances and their resolution should be set up, the TDP leaders said. Legal Reforms and Accountability The TDP has also called for stricter accountability of election officials. It suggested to enforce statutory timelines and penalties for inaction or misconduct by EROs or District Election Officers (DEOs), empower the State election watch committees to function with observer status during roll revision, mandatory rotation of Block Level Officers (BLOs)/Electoral Registration Officers (EROs) to prevent local influence or partisan misuse and appoint a State-level Ombudsman under ECI to handle unresolved political grievances related to the electoral rolls. It has also suggested the ECI to conduct targeted re-enrollment campaigns for migrant workers, tribal groups, elderly people, and homeless citizens, and permit temporary address declarations with basic documentation to prevent disenfranchisement of mobile populations.
