Quantexa will invest an additional £125 million in the global artificial intelligence (AI) industry over the next three years to help clients advance the use of AI to protect, optimise, and grow their organisations.
By 2027, Quantexa’s total global investment in AI will reach more than £200 million.
The investment marks Quantexa’s continued advancements in AI with the preview of its Generative AI technology, Q Assist.
British businesses and citizens reported a staggering one suspicious emails and website every five seconds according to a report released by the National Cyber Security Centre (NCSC), an agency of the Government Communications Headquarters (GCHQ).
Between January and December 2022, the NCSC’s free Suspicious Email Reporting Service (SERS) received approximately 7.1 million reports of suspicious emails and URLs.
This equates to nearly 20,000 reports per day, with a significant contribution coming from UK businesses. The NCSC acted upon these reports, resulting in the direct removal of approximately 235,000 malicious URLs from the internet, an average of less than six hours from the time of reporting.
As part of its cunning plan to push into Europe, German security outfit Becthle has made an offer to purchase French IT firm Apixit.
Becthle’s IT services portfolio covers six European countries after Germany, Austria, Switzerland, Great Britain and the Netherlands.
The acquisition will mark the German reseller’s 110th since being founded in 1983.
The deal depends on a consultation with Apixit’s workers’ council, and the approval of the responsible French authorities.
Fujitsu has opened a new centre of excellence (CoE) to modernise its Continental Europe region (CE) powered by CAST software intelligence technology.
The company says the move is a response to the growing demand for accelerated transformation at scale and Fujitsu’s commitment to providing innovative solutions to their customers.
Spending on compute and storage infrastructure products for cloud deployments, including dedicated and shared IT environments, increased 14.9 per cent year over year in the first quarter of 2023, according to beancounters at IDC
The IDC Worldwide Quarterly Enterprise Infrastructure Tracker: Buyer and Cloud Deployment report says that spending on cloud infrastructure continues to outpace the non-cloud segment, with the latter declining 0.9 per cent in 1Q23 to $13.8 billion.
Rackspace Technology has teamed up with C2C Global, the largest worldwide community of Google Cloud users.
Rackspace Technology announced a significant expansion of its partnership with Google Cloud to offer Generative AI Services and Solutions using the (FAIR) practice.
Foundry for Generative AI by Rackspace FAIR for Google Cloud is dedicated to accelerating the secure responsible, and sustainable adoption of generative AI solutions in enterprises across all industries.
Software King of the World, Microsoft has denied that it suffered a massive cloud breach.
Russian hacking group Anonymous Sudan claims it is selling data allegedly belonging to Vole at about £39,400 a pop.
Last month, Microsoft confirmed that the service outages that affected its OneDrive web portals, Azure, and Outlook apps were a result of Layer 7 DDoS attacks. The company experienced these attacks on 5 June .
Anonymous Sudan recently announced that it had successfully hacked Microsoft and stolen a “large database” with over 30 million Microsoft accounts, passwords, and emails.
The group even proved the authenticity of its claims by sharing a data sample. Aside from this, Anonymous Sudan warned that Microsoft will probably deny losing the data.
Node4 has snapped up information security and technology risk specialist ThreeTwoFour.
ThreeTwoFour offers a suite of information security services, including programme delivery, cyber strategy, risk and control assessment and governance.
It has financial services sector experience which will broaden Node4’s reach.
The acquisition will also enhance Node4’s security and transformation capabilities, particularly for enterprise-level clients, and better equip the MSP to meet the increasing requirements in the public sector and government frameworks for effective cybersecurity solutions.
Atos has entered into negotiations with Schneider Electric to flog its climate consulting and net-zero solutions provider EcoAct and its subsidiaries.
It would mean that Atos would secure its divestment programme of non-core assets while engaging in a strategic partnership with Schneider Electric on decarbonisation.
EcoAct offers a portfolio of services which covers the net-zero transition value chain, from planning and forecasting to carbon offsetting.
TD SYNNEX announced that Andy Gass, chief digital officer global, has decided to retire after January 2024.
Matt Child, currently executive leader of its advanced solutions division in the UK and Ireland (UK&I), will become senior vice president digital, Europe and a member of the company’s European executive team on December 1, 2023.
A recruitment process is underway to identify Child’s successor for the UK&I advanced solutions leadership position.
Gass has been with the company for 30 years has served in a variety of strategic and operational leadership roles at country, regional and global level. A qualified chartered accountant, he started in 1993 as a finance executive in the company’s design software division.
According to Beancounters at IDC, European IoT spending will climb to $227 billion in 2023, despite market uncertainty.
According to the Worldwide Internet of Things Spending Guide published by International Data Corporation (IDC). IoT-related spending is expected to expand at a five-year compound annual growth rate (CAGR) of 11 per cent, reaching almost $345 billion by 2027.
IoT development in Europe reflects enterprises’ evolving digital transformation investment objectives related to cost reduction, process streamlining, automation, and enhanced customer experience.
There are varying dynamics in regional markets. Central and Eastern European (CEE) organisations’ investments, for example, remain significantly below the European market average, with expected single-digit increases over the forecast period. In the last three years, many investments were put on hold in CEE, due to the various challenges related to the pandemic, the war in Ukraine, and the overall pressured macro-economic environment.
As IoT has proven to be integral to cost reduction, process optimisation, automation, and enhanced management and monitoring capabilities, IDC expects investments to accelerate by the end of the forecast period.
From an overall industry perspective, European IoT spending will be driven by investments from manufacturing, utilities, and professional services organisations.
Prominent use cases will include production asset management, distribution automation, and infrastructure for smart buildings. The fastest adoption of IoT will be seen across use cases such as irrigation management in the resources industry and fleet management in transport.
In terms of technology, modules and sensors will continue to drive IoT-related spending, followed by related services such as industrial maintenance to support the ongoing operation of device hardware (“things”), vertical business process outsourcing services, infrastructure as a service, and data as a service.
Low power wide area networks (LPWANs) will see the fastest-growing investments and will be a critical IoT area for telecom providers in the next few years. Spending on analytics software will also increase, as organisations strive to turn data collected by connection endpoints into actionable insights.
IDC’s European Data & Analytics Team research analyst Alexandra Rotaru said that due to the uncertain macroeconomic context, European organisations are expected to continue feeling pressure on budgets, with additional investments restrained in the short and medium term.
“However, IoT will remain a critical tool for improving performance and efficiency and increasing automation capabilities. It will continue to be a key investment area, helping organisations to reduce costs and enhance productivity despite challenges.”
A new study from Juniper Research has found that the value of payment transactions powered by stablecoins will exceed $187 billion globally by 2028, up from $53 billion in 2023.
The study found that stablecoins are making rapid progress in the cross-border market in particular, with them representing a key way to bypass slow, expensive and difficult-to-track existing cross border payment rails.
For those who came in late Stablecoins are cryptocurrencies that have their value pegged to a fiat currency or commodity, removing the volatility inherent to a typical cryptocurrency.
A badly redacted Microsoft document reportedly revealed that the vendor’s Azure cloud server business revenue in the 2022 fiscal year generated half the revenue of rival Amazon Web Services.
Microsoft has long reported the quarterly growth rate of Azure, software subscriptions and other cloud services combined. This has given analysts difficulty when comparing Microsoft’s revenue to AWS – which does report cloud server sales.
The Information said the Volish document from June 2022 was accidentally published on a US district court website, revealing that Microsoft expected Azure cloud server business revenue of $34 billion for the 12 months ended that month.
A new study from Juniper Research has found that operator-billed revenue from carrier billing spend will reach $13.8 billion by 2027; rising from $9.3 billion in 2023.
This 47 per cent rise is accelerated by MNOs’ (Mobile Network Operators) use of super bundling, which attracts new customers and revenue streams. Super bundling is the combining of multiple different subscriptions into one bill.
Content included within super bundling frequently comprises digital gaming, music, news, video and fitness subscriptions. Carrier billing allows these subscriptions to be charged to the end user’s phone bill; rolling them into one single expense.
The report with the catchy title . Carrier Billing: Regional Analysis, Key Verticals & Market Forecasts 2023-2027 said that super bundling allows MNOs to generate revenue from subscriptions, by taking a cut of the subscription cost.
Salesforce has unveiled plans to invest $4 billion its UK business over the next five years.
The CRM vendor claims it is experiencing rapid growth in the UK as companies invest in digital transformation and use artificial intelligence.
This latest round of capital injection builds on the company’s previous five-year investment of $2.5 billion announced in 2018.
UK Prime Minister, Rishi Sunak insisted the funds were a “ringing endorsement” of the UK economy.
“It will strengthen the company’s UK presence, increasing capacity, as well as creating vital jobs, reinforcing our position as one of their largest markets outside of the US,” Sunak said.
“This investment sits alongside my key priority to grow the economy and pledge to make the UK the best place in the world to start, grow and invest in tech businesses.”
Salesforce chair and CEO Marc Benioff hailed the UK as a home for “incredible” innovation, hoping his company will drive the “next wave of digital transformation in this new AI era.”
Generative AI is transforming the world of work with many companies launching their own AI products in response.
Salesforce itself released Einstein GPT, the world’s first generative AI for CRM, the vendor claims.
This month, Salesforce also announced AI Cloud, which brings together AI, data, analytics and automation to provide trusted, open, real-time generative AI that is enterprise ready.
Salesforce and its ecosystem of customers and partners in the UK is expected to create 271,700 new jobs and £52 billion in new business revenues by 2026, according to research by IDC.
August 12th, 2024
August 12th, 2024
August 12th, 2024
August 9th, 2024
August 9th, 2024
August 12th, 2024
August 12th, 2024
August 12th, 2024
August 9th, 2024
August 9th, 2024