Global spending on digital transformation (DX) will reach $3.9 trillion by 2027, according to new figures from IDC beancounters.
This growth trajectory is underpinned by a five-year compound annual growth rate (CAGR) of 16.1 per cent, IDC thunk.
While the US is poised to command a significant 35.8 per cent share of global digital transformation spending in 2023, the Asia/Pacific region (including Japan and China) closely follows with a robust 33.5 per cent share.
Hacker typing on a laptop
CyberCX has launched its new Ransomware and Cyber Extortion Best Practice Guide to help fight cyber extortion.
The UK is the second largest market for cyber extortion (second only to the US), and attacks are increasing quarterly throughout 2023 and while the UK government did announce a crackdown in February this year, it’s not reducing attacks, instead moving cyber criminals’ focus to SMBs and dispersing hackers from organised gangs to less traceable pockets of activity.
CyberCX’s new Ransomware and Cyber Extortion Best Practice Guide reflecting significant changes to the global cyber security landscape as businesses, organisations, and governments continue to grapple with established and emerging cyber threats.
Hewlett Packard Enterprise has updated its HPE Partner Ready Vantage programme.
For those not in the know, Partner Ready Vantage is designed for channel partners who want to deliver as-a-service solutions.
HPE said the improvements include comprehensive Centres of Expertise, new competencies and an evolved competency framework, and tools and offerings that drive repeatable profitability and foster long-standing customer relationships for partners.
HPE Vice President of Worldwide Channel & Partner Ecosystem Simon Ewington said the HPE Partner Ready Vantage helps unlock margin-rich opportunities across professional services, managed services, and customer success.
CDW has had a miserable third quarter. Not only was it hacked by an aggressive ransomware outfit it also saw net sales for the period amounting to £4.61 billion globally.
This figure was a 9.4 per cent decrease compared to $6.2 billion in the third quarter of 2022.
The IT giant’s UK and Canadian operations reported combined net sales of $601 million, a 15.4 per cent decrease compared to 2022.
Most of the problems were poor sales in the corporate and small business segments as businesses faced economic uncertainties.
Gross profit in the third quarter of 2023 stood at $1.2 billion, representing a slight decrease of 0.4 per cent compared to the 1.2 per cent reported for the third quarter of 2022.
Tech WM, the not-for-profit behind Birmingham Tech Week, is partnering with Aston University to create a scale-up programme.
The project will help local tech startups and spin-outs become international scale-ups.
The partnership emerged following behind-the-scenes discussions at the Birmingham Tech Week festival, which took place between 16-20 October.
The new programme will help students, entrepreneurs and early-stage businesses access world-class support, investment opportunities and local tech talent.
It will be based in the recently announced Tech Hub based at the Bruntwood SciTech facility ‘iCentrum’, as part of TechWM’s £1m investment into the West Midlands tech sector.
Two-thirds of the UK’s top tech media – perhaps the harshest critics of the UK tech sector – believe the AI Safety Summit will create a boom in tech investment and bolster the UK’s position as a leader in the field.
According to new research announced today by Kaizo PR reveals that there is renewed optimism in the technology sector but also the challenges B2B tech publications and their respective reporters will face as demand for tech stories soars.
The research, which asked 100 leading UK journalists operating in the technology sector and was undertaken by Censuswide, sought opinions across a wide range of issues from industry drivers to communication concerns.
The summit is bringing together international governments, leading AI companies, civil society groups and experts in research in order to consider the risks of AI, especially at the frontier of development and provide a forum to discuss how they can be mitigated.
IT services and solutions provider to the education, business and public sector Academia has reported record results FY23.
The company has seen 22 per cent growth, increasing its revenue to £130 million FY23 for the tenth year in succession, leaving it well positioned going into FY24 as the IT services and solutions provider of trust for education, business and public sector in the UK.
Total revenues hit £130 million, which was an increase of 22 per cent from the previous year. Academia charges into FY24 with a Q1 performance that not only met but exceeded financial targets.
Secure digital communications specialist Zivver is announcing its expansion into the US.
The company is launching an eCommerce offering that serves small and medium-sized businesses directly, and advanced applications for large enterprises directly and through its partner network.
Zivver has been doing rather well in the UK and Europe, and Oliver Brown, VP of Commercial at Zivver said the US was a pivotal market.
“Our success in the UK and Europe to date evidences the vital role of our secure email solution in empowering organisations to meet their compliance responsibilities, by arming people with tools to work securely, without complicating workflows.”
Amazon Web Services (AWS) is about to offer its new sovereign cloud solution in the European Union (EU) tailored to cater to government entities and industries with stringent regulatory requirements.
The move comes in response to the increasing demand for cloud solutions that adhere to Europe’s tight data privacy rules and the concept of ‘digital sovereignty,’ which emphasises European control over data and technology.
Dubbed the Amazon Web Services European Sovereign Cloud, this new infrastructure will operate separately from Amazon’s other cloud services, exclusively using servers located within the EU.
Alphabet has reported solid momentum in its cloud business, with $8.4 billion in quarterly sales.
Alphabet CEO Sundar Pichai said AI and generative AI are making their presence felt across a wide range of Alphabet’s technologies.
AI was improving knowledge and learning, including Alphabet’s work with its Search Generative Experience, which he described as an experiment to bring generative AI capabilities into search.
“We’ve learned a lot from people trying it, and we have added new capabilities like incorporating videos and images into responses and generating imagery,” he said.
Cloudy AI outfit Ultima has built itself a new office in South Africa as part of its global expansion moves.
Reading-based Ultima, has offices in Australia, Singapore, and the United States. By expanding its presence in South Africa, Ultima aims to use the region’s thriving technology industry and diverse talent pool.
Ultima Scott Dodds said the expansion is a significant milestone for Ultima, and underscores its commitment to providing exceptional services and solutions to our growing base of global clients.
AI security outfit Cohesity has signed up some big industry names to join its new CEO Advisory Council
The company said that Indra Nooyi, Jim Snabe, Ken Denman, and Tami Erwin will guide Cohesity’s CEO and executive staff as Cohesity expands its ambitions as an AI-powered data security and data management leader.
Cohesity CEO Sanjay Poonen (pictured) said he deeply respected these leaders—for many years.
“ I have known them as friends and mentors to me. They are some of the best leaders in the industry. Today, data is a uniquely valuable resource that can be a significant advantage. Protecting our customer’s data and providing insights into it is our core mission, with ground-breaking technologies in AI, Security, and Cloud,” he said.
Bytes gross invoiced income (GII) surged 38 per cent, reaching £1.082 billion in the last six months.
The company said this is all down to Bytes winning large public sector Microsoft contracts, leading to public sector GII spiking by 44.4 per cent.
Revenues came in at £108.7 million, representing a growth of 16.3 per cent for H1 FY24.
Bytes Technology Group CEO Neil Murphy said the company’s success was due to our skilled workforce and strong vendor relationships.
Broadcom wants to close its $61bn deal for VMware in a couple of weeks, but the deal is in peril with Chinese government regulators.
Three people told the Financial Times that Beijing is threatening to block the merger, even after it has cleared regulators around the world, in retaliation for new US trade rules that prevent China from receiving advanced chips from Nvidia and Micron.
The US this week announced tougher measures to limit China’s access to high-end chipsets that could fuel breakthroughs in AI and sophisticated technology for its military. The US restrictions hit China, Russia and Iran and blacklisted a Chinese chip designer.
Forrester principal analyst Tracy Woo said it was unlikely China would follow through on its threats to block the deal and was more likely just trying to rain on Broadcom’s parade.
Softcat’s weird year of up and down results has continued.
Softcat has reported 14.2 per cent growth in gross profit in its latest annual results to £373.8 million and operating profit up 3.5 per cent to £140.9 million. However, the company has reported a decrease in revenue – down 8.6 per cent to £985.3 million.
Softcat CEO Graham Charlton said the decrease was due to the revenue figures only accounting for the margin element of software growth.
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