On Friday, December 8, 2023, the European Parliament and Council reached political agreement on the European Union’s Artificial Intelligence Act (“EU AI Act“). The EU seeks to create a comprehensive legal framework for the regulation of AI systems across the EU – with the aim of ensuring that AI systems are “safe” and “respect fundamental
A November class-action lawsuit implicated soccer star Cristiano Ronaldo, alleging his endorsement of the CR7 non-fungible token (NFT) collection misled buyers into acquiring potentially unregistered securities. Initially highly valued, these NFTs have sharply declined, causing significant financial losses for investors. The $4.3 billion penalties against Binance Holdings Ltd. from the U.S. Justice Department in early
Natural Language Processing (NLP) gives the machines the ability to read, understand and derive meaning from human languages. Nearly 90% of data generated today from various channels is unstructured such as email, social media, news feeds & blogs, text and OTT messages, audio, video and more. Some of the real-world applications of NLP include sentiment
The California Consumer Privacy Act (CCPA) is a significant privacy law enacted in California, USA, designed to enhance consumer privacy rights and protections for residents of California. It was passed in June 2018 and came into effect on January 1, 2020. Reason for the Privacy Regulation: The CCPA was passed to address concerns surrounding the
The General Data Protection Regulation (GDPR) is a comprehensive privacy regulation enacted by the European Union (EU) to safeguard the personal data and privacy rights of individuals. After its passage through the EU parliament in 2016, the regulation went into full effect on May 25, 2018. GDPR was established to address growing concerns about the
A Data Catalog is a crucial component within the realm of Data Governance that serves as a centralized inventory or repository containing detailed metadata and information about an organization’s data assets. It acts as a comprehensive reference guide or index, enabling users to easily discover, understand, and access available data resources within an organization. In
Data Governance refers to the framework and set of processes that ensure high data quality, accessibility, security, and usability within an organization. It involves defining policies, procedures, and responsibilities to manage data assets effectively throughout their lifecycle. The primary goal of Data Governance is to establish controls and guidelines for managing data as a valuable