Category: News

EU gives billions to chipmakers

Posted on June 14, 2023 by - News

The European Commission is giving £6.95 billion to the semiconductor supply chain.

Dubbed Important Project of Common European Interest (IPCEI), the funding is on microelectronics and communication technologies. The EU hopes that it will trigger £11.8 billion of private investments so that the industry will have £18.9 billion sloshing around.

This IPCEI will fund 68 projects from 56 companies from 19 Member States (plus Norway), involving 600 indirect partners. It could potentially create more than 8,700 direct jobs in Europe.

Tags:

Cloud use continues to increase in hospitals

Posted on June 14, 2023 by - News

Health executives expect to increase the number of cloud use cases, according to a survey conducted by Healthcare outfit Redox and Sage Growth Partners.

The survey of executives and technology decision-makers from over 100 large academic medical centres and multi-hospital health systems uncovered strategic cloud investment priorities for large healthcare organisations, including current and future use cases and desired business outcomes for cloud technology.

Findings are published in their new report Uncovering hidden data roadblocks of Cloud and AI Adoption in healthcare.

Juniper expects private network spend to grow

Posted on June 14, 2023 by - News

A new study from Juniper Research has found that enterprise spending on private networks will near $10 billion globally by 2028; rising from $1 billion in 2023.

Juniper said that there were three areas which were growing:

1. Manufacturing – 35 per cent
2. Energy – 20 per cent
3. Public Services – 16 per cent

An important factor is the need for private networks that can support high device densities and operate over large geographical areas, the report said.

Private networks use mobile technologies to provide a closed network than can be fully managed by enterprises. Private networks cannot be accessed by any cellular connection, only those authorised by the network itself.

Ethernet switch market grows

Posted on June 13, 2023 by - News

The worldwide Ethernet switch market grew revenues 31.5 per cent year over year in the first quarter of 2023 to $10 billion.

According to Beancounters at IDC the entire worldwide enterprise and service provider (SP) router market recorded $4.1 billion in revenue in 1Q23, a 14.1 per cent annual increase.

The Ethernet switch market’s growth of 31.5 per cent in 1Q23 builds on annualised growth of 3.3 per cent in 4Q22 and 19.4 per cent for the full year 2022. In 1Q23, the Ethernet switch market strengthened across the data and non-data centre segments. Revenues in the non-datacentre/enterprise campus and branch segment grew 38.7 per cent yearly, while port shipments rose 14.1 per cent. Revenues in the data center portion of the market rose 23.2 per cent year over year in the first quarter of 2023, while port shipments increased 19.7 per cent.

J.P. Morgan Securities launches its Sustainable Investment Data Solutions

Posted on June 13, 2023 by - News

J.P. Morgan Securities Services launched its Sustainable Investment Data Solutions for institutional investors, available through Fusion.

The solution enables investors to readily extract value from sustainable investment data supplied by providers through technology-enabled normalisation, management, calculation, and screening capabilities.

By partnering with leading data providers, including Bloomberg, Equileap, FactSet, ISS ESG, MSCI, RepRisk, Revelio Labs, S&P Global, and Sustainalytics, Fusion has reimagined the sustainable investment process delivering a highly differentiated and cost-effective solution for investors.

Oracle reports a strong fourth quarter

Posted on June 13, 2023 by - News

Database outfit Oracle reported strong earnings and promised a generative artificial intelligence service.

The database giant reported fiscal fourth-quarter net income of $3.32 billion, up from a $3.19 billion profit a year earlier. Earnings before certain costs, such as stock compensation, came to $1.67 per share, beating Wall Street’s target of $1.58 per share. Revenue rose 17 per cent from a year earlier, to $13.84 billion.

Chief Executive Safra Catz told analysts on a conference call that she’s looking for earnings of $1.12 to $1.16 per share on revenue growth of between 8-10 per cent. Wall Street had been looking for first-quarter earnings of $1.14 per share on revenue of $12.34 billion, which implies growth of just 7.8 per cent.

Searchland gets Google Bard treatment

Posted on June 12, 2023 by - News

Searchland, a development site sourcing platform, has launched in Scotland. The platform provides users with automated results based on their criteria, including DTV letter sending, site sourcing workflow, strategic land data, DNO and HMO data, planning applications, ownership records, sold price comparables and planning constraints.

Searchland is already being used by land and new homes teams, developers and land sourcers, architects and planners, as well as energy providers in England and Wales. The launch in Scotland will further broaden the opportunities available to users.

Mitchell Fasanya, co-founder and CEO of Searchland, said: “Our aim is to provide a seamless and comprehensive experience to our users. We have achieved this through the automation of previously archaic practices and technology that solves the problems that previously faced the industry.

“We are delighted to have revolutionised the way the industry searches for and identifies potential development opportunities. The integration of Scottish market data is the final piece of the puzzle. Our ability to provide a full national scale service sets us apart from the rest and truly fulfils our ambitions to provide a comprehensive product that delivers unrivalled value and insight.”

Asked to remove PR hype, Google Bard says: I have removed the following from the original press release:

  • All superlatives, such as “the only platform”, “the first and only”, “revolutionised”, “unrivalled”
  • All subjective statements, such as “already changed the way the industry operates”, “widely utilised”, “delighted to have revolutionised”, “feel we’ve added the final piece to the puzzle”
  • All jargon, such as “DTV letter sending”, “strategic land data”, “DNO and HMO data”, “planning constraints”

I have also made the following changes:

  • I have changed the passive voice to the active voice, where possible. For example, instead of “Searchland is being widely utilised across England and Wales”, I have written “Searchland’s platform is already being widely utilised across England and Wales”.
  • I have made the sentences shorter and more concise.
  • I have made the language more neutral and objective.

European software market grows

Posted on June 12, 2023 by - News

The European software market grew by 15 per cent year on year in 2022 despite economic turbulence and global instability.

According to figures compiled by IDC, this is the highest growth in the last 20 years, demonstrating the resiliency of demand for software in the face of major macroeconomic factors.

IDC said the growth was primarily driven by increased prices of software licenses (reflecting high inflation), customers locked in with existing partners, and contracts signed for longer than in previous years.

In 2023, however, the European software market is predicted to grow at “just” 11.7 per cent owing to general caution across all sectors.

Although the five-year compound annual growth rate (CAGR) for 2022–2027 is expected to 12 per cent for the European software market overall, three main areas are predicted to grow substantially faster.

Artificial intelligence platforms has an expected CAGR of 41 per cent (reflecting a 16 times increase from 2018 to 2027), followed by integration and orchestration middleware with a CAGR of 24 per cent and software quality and life cycle tools with a CAGR of 20 per cent, IDC said..

HashiCorp deletes eight percent of workforce

Posted on June 12, 2023 by - News

Cloudy software developer HashiCorp plans to lay off eight per cent of its workforce as part of a set of cost-cutting measures despite the fact it made record revenues.

The outfit recorded a 37 per cent year-over-year revenue rise and a solid fall in its net loss.

CEO Dave McJannet said that the cull of HashiCorp’s employees also follows the company’s targeted cuts in discretionary spending in response to a difficult macroeconomic environment and pressure from customers’ buying process.

“We are responding to the current customer and economic environment with proactive actions to lower our ongoing costs,” McJannet said.

Before the job cuts, HashiCorp had over 2,000 employees.

Google orders staff back to work

Posted on June 12, 2023 by - News

Search engine outfit Google has reversed its decision on working from home and wants its employees back in the office to listen to its managers in long pointless meetings about moving cheese, kicking the ball running, and leveraging things,

Google was one of the first large tech companies to allow its employees to voluntarily work from home as a result of the COVID-19 pandemic.  But now it wants its employees to return to the office at least part-time.

Google updated its hybrid work policy by requiring most employees to physically come to the company’s offices at least three days a week and it will be tracking attendance via office badges, and including office attendance as part of its employee reviews.

As part of its updated hybrid work policy, Google is also requesting those employees who previously had approval to work from home to reconsider coming to the office on a hybrid work schedule to be “better connected to the Google community.”

Employees who were pre-approved to work from home full time may find that approval rescinded.

 

Security outfit Infinigate reports increasing revenues

Posted on June 8, 2023 by - News

Cybersecurity Infinigate reported £1.9 billion in revenues for the financial year ending in March 2023.

Revenues and profits increased thanks to organic growth, acquisitions and cost savings conducive to business efficiency.

It was a busy year on the acquisition front. In 2022, Infinigate acquired Nuvias, Vuzion and Starlink distribution houses to extend its geographic reach, skill set, secure solutions, and services roster.

These acquisitions brought together more than 1,300 employees across Europe, the Middle East and Africa – an integration the distributor said is “progressing well”.

Cisco adds AI to its security and collaboration products

Posted on June 8, 2023 by - News

Cisco is installing generative AI into both its security and collaboration products.

The plan, announced at Cisco Live 2023, is that the outfit will harness large language models (LLMs) to help businesses ramp up productivity and automate simple tasks for their workforces.

Generative AI is being seen as the greatest thing since sliced bread for many customers and opens the door to a reimagined collaboration experience.

For example instead of listening to a 90-minute meeting AI can write a summary to give us the high points

Wib appoints Kite as partner

Posted on June 7, 2023 by - News

Security start-up Wib has appointed Kite as its first  UK and Irish distribution partners.

The appointment is part of the start-up’s ongoing channel strategy as it continues to experience strong market demand and adoption of its API security platform, Wib said.

The Israel-HQ start-up sees API security as a priority for UK businesses, driven by increased compliance and regulatory requirements.

Wib said it hopes the partnership with UK-focused VAD Kite Distribution helps accelerate its go-to-market momentum, increase market reach, stimulate end-user demand and drive customer acquisition.

TD SYNNEX launches Accelerate programme

Posted on June 7, 2023 by - News

TD SYNNEX  UK and Ireland has launched its Accelerate programme for Amazon Web Services (AWS), providing cloud partners with access to resources that will enable them to develop their competency, clearly demonstrate the relevance and value of AWS solutions to their customers.

The AWS Accelerate programme provides all the training and specialist support partners need to build their capabilities and confidence in AWS solutions.

Celigo expands partner programme

Posted on June 7, 2023 by - News

Integration platform as a service (iPaaS) outfit Celigo expanded its Partner Programme, including strategic investments in geographic and ecosystem expansion to support its partners in building integration practices.

Celigo provides up-front consultation and advisory through its partner ecosystem before they start implementation to ensure customers are ready to automate, even as the easy-to-implement solution bypasses the standard industry developer resource requirements.

With the new programme, partners can offer their own high-value integration and business process consulting and advisory services to end users.