IQ Office/TigerGraph

I’ve been working in the field of artificial intelligence for about 40 years now, and for most of that time, ‘AI’ was seen as something of an esoteric pursuit to which no-one really paid much attention.

But everything changed almost exactly a year ago to the day when OpenAI released ChatGPT, which captured people’s imaginations across the world.

There’s a presumption that artificial intelligence means that computer programs are intelligent in their own right. This is simply not true.

AI only acts on information that it’s been given. This means there’s no real ‘intelligence’ in AI at all. Rather, AI learns from data and uses that to make predictions.

Because it does not have intelligence of its own, there are some clear examples where AI gets things wrong.

A recent customer success story illustrates the benefits of moving to IQ Cloud, Intech Solutions’ hosted web service for handling large volumes of address validation and geocoding processes.

Companies of all sizes and complexity, both in Australia and internationally, are either getting on board with digital transformation or risking being left behind in an increasingly cloud-focused world.
Intech Solutions delivered such a transformation for one notable client of ours in 2023, who provided some helpful feedback for other organisations considering this move.

There’s a well-known saying: “Can’t see the forest for the trees”, the meaning of which is easily understood. That is, if you focus too much on the small details, you won’t see the big picture. It’s a helpful maxim for life and business.
But what if you find yourself in a situation where the tiny details are incredibly important? What if you find your business has become the victim of fraudulent activity?
The nature of fraud is that it is all about deception – hiding wrongdoing in the details of business communications and transactions by someone trying to make illicit financial gains.

The thorny issue of money laundering hit the headlines again recently with an announcement from Austrac that it was set to bring court action against SkyCity Entertainment Group after the regulatory agency found “systemic failures” in the casino operator’s approach to anti-money laundering (AML).

Amongst an extensive list of allegations, one key point stood out. Austrac said SkyCity “did not have a transaction monitoring program to monitor transactions and identify suspicious activity that was appropriately risk-based or appropriate to the nature, size, and complexity of SkyCity.”

While online fraud continues to become more sophisticated, so too does the technology to detect it.

Modern day fraudsters and money launderers operate predominantly in the digital world, and for this reason the TigerGraph Graph Database has been designed to provide the deep, ultra-quick analyses of large datasets that is needed for real time fraud detection.

In a world that is doing business online at increasing volumes and speeds, a system that can filter out fraud in real-time will build all the trust you’ll ever need to succeed.

Correlation tells you how numbers interacted in the past, but it doesn’t tell you the structure of that data. After a shock, the ability for data leaders to forecast future scenarios is so much harder, as you can’t just draw on previous trends.  This panel will examine:  What will the post-COVID business look like?  To what

While online fraud continues to become more sophisticated, so too does the technology to detect it.

Modern day fraudsters and money launderers operate predominantly in the digital world, and for this reason the TigerGraph Graph Database has been designed to provide the deep, ultra-quick analyses of large datasets that is needed for real time fraud detection.

In a world that is doing business online at increasing volumes and speeds, a system that can filter out fraud in real-time will build all the trust you’ll ever need to succeed.

TigerGraph, the only scalable graph database for the enterprise, and Intech Solutions, a leading provider of information quality solutions, recently announced a multi-year deal with the Australian Taxation Office (ATO).

A graph database and graph analytics, provided by TigerGraph and implemented by the ATO with support from Intech, will help the ATO detect intricate and multi-layered relationships between individuals and organizations, supporting the ATO’s efforts to reduce tax avoidance.