Latest news with #Deloitte
Irish Independent
9 hours ago
- Business
- Irish Independent
Survey records fall in hotel rooms and student places built last year
An analysis of the development landscape in Ireland, it found just 895 purpose-built student bedspaces were built, down from 1,630 the previous year, and the lowest level since Deloitte started the data series in 2016. In the hotels sector, 1,360 new rooms were added, a decrease of 17pc annually. Among the arrivals were the Ruby Molly, Leinster Hotel and NYX Hotel in Dublin, plus The Moxy and a Premier Inn in Cork, the Radisson Red in Galway and Ravenport Resort in Wexford. At the end of the first quarter of this year, 4,060 rooms were under construction, mostly in the capital city. Several large hotel projects commenced construction, including at Dublin Airport, where 410 rooms are being delivered by Accor and The Arora Group. That hotel, which is due to open at the end of next year, will operate as the first Sofitel Hotel in Ireland. Overall, 1,410 new hotel rooms are due to be added this year. These will include the recently reopened Mercantile Hotel in Dublin, with 105 rooms, and the CitizenM, St Patrick's Hotel, also in Dublin, with 245. The Point A Hotel in the Liberties will provide 95. A further 2,510 hotel beds are due to be delivered in 2026. In terms of student accommodation, the Crane Survey says all the delivery was in the country's two biggest cities, with 620 at Novel Bottleworks, on the former Coca-Cola bottle factory on the Carrigrohane Road, Cork and 190 at The Residence in Prussia Street, Dublin. The remainder were in Blackhall Place, Stoneybatter, where a refurbishment added an additional 80 beds. At the end of Q1 this year, there were 1,400 student places under construction across six schemes in Galway, Dublin, Limerick and Kildare. This stems from government funding announced last year, in which €100m was allocated to deliver accommodation at UCD, DCU and Maynooth, where 115 bedspaces are under construction and due to be delivered for the 2025/2026 academic year. Galway should get the largest increase in student accommodation, with construction under way across three schemes totalling 840 spaces. This would give a 16pc boost to the city's stock. The Deloitte survey points out there were 206,365 full-time students enrolled in third-level institutions in Ireland in the last academic year, a growth of 9pc since before the Covid pandemic. While the number of domestic students increased only slightly, the number of international students is up by 33pc during the same period. They account for almost one in five of the student population. 'In the medium term, enrolments in third-level students in Ireland are expected to peak at 240,000 full-time students in 2030, due to factors including domestic demographics and increased international enrolments,' the report says.
Techday NZ
11 hours ago
- Business
- Techday NZ
Most firms overestimate AI governance as privacy risks surge
Kiteworks has released its AI Data Security and Compliance Risk Survey, highlighting gaps between AI adoption and governance maturity in the Asia-Pacific (APAC) region and globally. The survey, based on responses from 461 cybersecurity, IT, risk management, and compliance professionals, reveals that only 17% of organisations have implemented technical controls that block access to public AI tools alongside data loss prevention (DLP) scanning. Despite this, 26% of respondents state that over 30% of the data employees input into public AI tools is private, and 27% confirm this figure specifically for the APAC region. These findings appear against a backdrop of rising incidents; Stanford's 2025 AI Index Report recorded a 56.4% year-on-year increase in AI privacy incidents, totalling 233 last year. According to the Kiteworks survey, only 40% of organisations restrict AI tool usage via training and audits, 20% rely solely on warnings without monitoring, and 13% lack any specific policies, leaving many exposed to data privacy risks. A disconnect between adoption and controls "Our research reveals a fundamental disconnect between AI adoption and security implementation," said Tim Freestone, Chief Strategy Officer at Kiteworks. "When only 17% have technical blocking controls with DLP scanning, we're witnessing systemic governance failure. The fact that Google reports 44% of zero-day attacks target data exchange systems undermines the very systems organisations rely on for protection." The survey indicates a persistent overconfidence among organisations regarding their AI governance maturity. While 40% of respondents say they have fully implemented an AI governance framework, Gartner's data shows only 12% of organisations possess dedicated AI governance structures, with 55% lacking any frameworks. Deloitte's research further highlights this gap, showing just 9% achieve 'Ready' level governance maturity despite 23% considering themselves 'highly prepared'. This discrepancy is compounded by industry data indicating that 86% lack visibility into AI data flows. EY's recent study suggests that technology companies continue to deploy AI at a rapid pace, with 48% already using AI agents and 92% planning increased investment—a 10% rise since March 2024—with 'tremendous pressure' to justify returns, thereby elevating incentives to adopt AI quickly but at the expense of security. "The gap between self-reported capabilities and measured maturity represents a dangerous form of organisational blindness," explained Freestone. "When organisations claiming governance discover their tracking reveals significantly more risks than anticipated according to Deloitte, and when 91% have only basic or in-progress AI governance capabilities, this overconfidence multiplies risk exposure precisely when threats are escalating." Legal sector and policy awareness According to survey data, the legal sector exhibits heightened concern about data leakage, with 31% of legal professionals identifying it as a top risk. However, implementation lags are evident, with 15% lacking policies or controls for public AI use and 19% relying on unmonitored warnings. Only 23% of organisations overall have comprehensive privacy controls and regular audits before deploying AI systems. Within legal firms, 15% had no formal privacy controls but prioritised rapid AI uptake – an improvement over the 23% average across sectors, but still significant in a sector where risk mitigation is fundamental. Thomson Reuters figures support this, reporting that just 41% of law firms have AI-related policies, despite 95% foreseeing AI as central within five years. Security controls and data exposure in APAC APAC organisations closely mirror global patterns, with 40% relying on employee training and audits, 17% utilising technical controls with DLP scanning, and 20% issuing warnings with no enforcement. Meanwhile, 11% provide only guidelines, and 12% have no policy in place. This means that 83% lack automated controls, despite the APAC region's position at the forefront of the global AI market. The exposure of private data follows global trends: 27% report that more than 30% of AI-ingested data is private, 24% report a 6–15% exposure rate, and 15% are unaware of their exposure levels. A slight improvement in visibility is indicated, which may reflect regional technical expertise. For AI governance, 40% of APAC respondents claim thorough implementation, 41% say partial implementation, while 9% have no plans, and 3% are planning to implement controls. Regulatory complexity and cross-border risks APAC's position involves navigating a complex landscape of national regulations, including China's Personal Information Protection Law, Singapore's PDPA, Japan's APPI, Australia's Privacy Act reforms, India's draft Digital Personal Data Protection Act, and South Korea's PIPA. The survey highlights that a 60% visibility gap in AI data flows in the region is particularly challenging, given the region's diversity, which limits the ability to comply with data localisation, cross-border data transfer rules, and consent requirements. Weak controls in APAC expose organisations to difficulties in monitoring compliance with China's data localisation regulations, managing Singapore-Australia digital agreements, and knowing how AI tools route data through restricted jurisdictions. Organisational strategies and gaps Regarding privacy investment, 34% of organisations employ balanced approaches that involve data minimisation and the selective use of privacy-enhancing technologies. Some 23% have comprehensive controls and audits, while 10% maintain basic policies but focus on AI innovation, and another 10% address privacy only when required by law. Meanwhile, 23% have no formal privacy controls while prioritising rapid AI adoption. Kiteworks recommends that businesses recognise the overestimation of their governance maturity, deploy automated and verifiable controls for compliance, and prepare for increasing regulatory scrutiny by quantifying and addressing any exposure gaps. "The data reveals organisations significantly overestimate their AI governance maturity," concluded Freestone. "With incidents surging, zero-day attacks targeting the security infrastructure itself, and the vast majority lacking real visibility or control, the window for implementing meaningful protections is rapidly closing."
Geek Wire
19 hours ago
- Business
- Geek Wire
How AI is transforming Seattle-area startups: Insights from GeekWire 200 CEOs
Nearly all of the respondents to a recent GeekWire 200 survey said the are seeing productivity increases from AI. AI is reshaping operations at Seattle's top startups — but there's no one-size-fits-all strategy, according to a new survey of CEOs leading companies on the GeekWire 200. More than half of respondents are seeing a 'moderate increase' from AI on productivity and efficiency, while another 37% cited a 'major increase.' Only 11% see 'no noticeable change.' The survey responses reflect trends across the tech industry. According to McKinsey's 2024 State of AI report, 72% of companies have adopted at least one AI use case, up from 50% the year prior. CEOs of GeekWire 200 startups described a range of AI use cases: boosting internal productivity, embedding AI into their products, and experimenting across departments such as software engineering, marketing, design, customer support, and research. One CEO estimated a 30% increase in overall productivity from AI. Leaders of two companies specifically cited significant progress with internal agents — 'everything agentic,' one of them said. But while some companies are fully integrated with AI, others are still experimenting — leaders are looking beyond incremental gains as they try new tools. A company mentioned hurdles due to resistance from engineers. A survey from Deloitte found that reliability, accuracy, and trustworthiness will need to improve for broader adoption of generative AI. AI may also impact hiring decisions. Some startups on the GeekWire 200 say AI is helping them do more with fewer resources — and they're taking a cautious approach to headcount growth. Earlier this week, Amazon CEO Andy Jassy sent a memo to corporate employees detailing how generative AI and agents will fundamentally reshape how work gets done at the Seattle-based tech giant — and shrink its workforce in the coming years. There may also be pressure on startups to adopt AI from the board room as investors bet big on AI. More than 30% of new U.S. venture capital deals in Q1 went to AI and machine learning startups, according to PitchBook. Nearly 40 respondents participated in GeekWire's Q2 survey, all of them top executives at some of the Pacific Northwest's leading technology companies. The GeekWire 200, presented by JPMorganChase, provides a snapshot of the region's startup landscape, and highlights companies that are gaining traction. The ranking is grounded in both publicly available data — including LinkedIn employee counts, Facebook followers, and Moz domain authority — as well as editorial judgment from the GeekWire news team, based on factors including recent fundings and layoffs, and our own insights from covering the region's technology startups. Stay tuned for an upcoming update of the GeekWire 200 list. Previously: GeekWire 200 survey: CEOs cautious about hiring as AI boosts productivity for Seattle startups
Globe and Mail
19 hours ago
- Business
- Globe and Mail
Telesat Announces Results of 2025 Annual General Meeting of Shareholders
OTTAWA, Ontario, June 19, 2025 (GLOBE NEWSWIRE) -- Telesat Corporation (Nasdaq and TSX: TSAT) ('Telesat' or the 'Company'), one of the world's largest and most innovative satellite operators, today announced the voting results from its annual general meeting of shareholders held on June 17th virtually via live audio webcast. Shareholders of Telesat voted in favour of all items of business, including the appointment of Deloitte LLP Chartered Professional Accountants as auditors of the Company and the election of each of the director nominees as follows: Director Nominee Votes For Votes Withheld (a) Michael Boychuk 47,936,239 986,534 (b) Jane Craighead 46,146,974 2,775,795 (c) Richard Fadden 47,932,024 990,749 (d) Daniel S. Goldberg 47,934,997 987,776 (e) Henry (Hank) Intven 46,846,629 2,076,144 (f) David Morin 47,926,555 996,218 (g) Dr. Mark H. Rachesky 46,143,966 2,778,807 (h) Guthrie Stewart 46,145,394 2,777,377 (i) Michael B. Targoff 47,938,568 984,205 (j) Janet Yeung 47,938,784 983,987 Final voting results on all matters voted on at the meeting will be filed on SEDAR+ at and on EDGAR at About Telesat Backed by a legacy of engineering excellence, reliability and industry-leading customer service, Telesat (Nasdaq and TSX: TSAT) is one of the largest and most successful global satellite operators. Telesat works collaboratively with its customers to deliver critical connectivity solutions that tackle the world's most complex communications challenges, providing powerful advantages that improve their operations and drive profitable growth. Continuously innovating to meet the connectivity demands of the future, Telesat Lightspeed, the company's Low Earth Orbit ('LEO') satellite network, has been optimized to meet the rigorous requirements of telecom, government, maritime and aeronautical customers. Telesat Lightspeed will redefine global satellite connectivity with ubiquitous, affordable, high-capacity, secure and resilient links with fibre-like speeds. For updates on Telesat, follow us on LinkedIn, X, or visit Contacts: Investor Relations
Pink Villa
20 hours ago
- Business
- Pink Villa
What is Cherry Seaborn's Career? All About Ed Sheeran's Wife With a Successful Tech Job
Ed Sheeran is one of the loved musicians in the industry, with his songs making waves across the world. While the singer has got an impressive career, his wife, Cherry Seasborn Sheeran, has also grabbed the attention for her work in Deloitte. The latter's LinkedIn profile was shared by a user on the internet, giving a peek into the musician 's wife's work experience. Following Seaborn's LinkedIn profile going viral, the social media users praised her for an impressive background. Many also hailed her for working outside of the industry bubble. Cherry Seaborn Sheeran's career as a Deloitte manager Cherry Seaborn, according to her LinkedIn profile, has managed a focused and mission driven career as the manager at Deloitte, until March 2024. She worked in the Nature, Climate, and Sustainability department. Sheeran's wife's career spanned from London to New York, where she held on to the roles of climate strategist and corporate sustainability. In addition to Seaborn reaching heights in her career, she also holds a Postgraduate Certificate in Sustainable Business from the Cambridge Institute for Sustainability Leadership. Cherry also has a Master's degree from Duke University. Meanwhile, Cherry Seaborn's LinkedIn profile went viral after the lawsuit against Ed Sheeran was dismissed. U.S. Supreme Court denies reopening the lawsuit against Ed Sheeran On Monday, the U.S. Supreme Court denied reopening the case against Ed Sheeran, over his hit track Thinking Out Loud's copyright issue. The case was filed against the musician by the team of Marvin Gaye, who claimed in the filing that the Photograph singer's track was quite similar to the latter's 1973 classic, Let's Get it On. The lawsuit was first filed against Sheeran in 2023, by the Structured Assets Sale company, owner by David Pullman. The company owns copyright interest in Gaye's song, and they sought for monetary damages from the singer over similarities between the two songs.
