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Digital transformation market to be worth over $490bn by 2022

The digital transformation market is expected to more than double in size over the next five years. Investment will climb to $493.4bn as more businesses bring digital tech into the workplace and customer experiences. The market will pass $205bn in 2017.

Mexico passes bill to regulate cryptocurrencies and fintech firms

The Mexican Senate has approved a bill to regulate the use of fintech in the country as demand rapidly grows. Mexico is becoming a centre of fintech attention, a trend which the government is concerned could threaten financial stability.

Study: Old infrastructure holding back new in-store retail tech

The limitations of legacy infrastructure are forcing retailers to reconsider their plans for in-store tech. According to a study commissioned by retail software provider Zynstra, 98 percent of retailers would use more new tech if deployment was simpler.

UK broadband firms banned from advertising misleading speeds

The UK's Advertising Standards Authority has announced broadband providers will be banned from advertising misleading speeds that are available to only a few users. Providers cannot use the phrase "up to" and must list generally representative speeds.

Microsoft patents reveal conceptual mind control tech

Microsoft has published a series of patents that explore how neurological activity could be used to control a computer. The technology could be used to create a future mind-control system where you use your thoughts to interact with the device.

Google updates its job finder with salary estimates and more

Google's added several new capabilities to its job searching tool as it aims to better rival services such as LinkedIn. The search engine's built-in job finder launched earlier this week and is now being improved with salary estimates and location ranges.

Salesforce and Google unite to help enterprises unlock their data

Salesforce and Google have announced a new joint partnership intended to help customers utilise the cloud in their business. The firms have integrated several of their products together, creating new "collaborative experiences" for companies in the cloud.

Tenfold investment boom in digital transformation of energy firms

Investments in AI and big data within the energy sector are up tenfold over last year, according to a new report assessing technology's impact on the industry. Despite being constrained by their scale, energy companies are starting to digitally transform.

Salesforce launches service to let anyone get started with IoT

Salesforce has announced a new IoT platform meant to make it easier for inexperienced businesses to utilise the technology. Salesforce myIoT has an easy-to-use point-and-click interface that helps developers connect, configure and leverage IoT devices.

Cloud sales constrained by lack of digital skills

Sales of cloud services are being held back by a lack of skills, a report by intY has found. Over a third of platform resellers said they can't find sales staff with the expertise to sell cloud products. It's the latest sign of a lack of cloud resources.

Interview: Digital tool to help finance industry processes Special

This month Compliance.ai announced a collaboration tool that helps the finance industry change its manual processes to save money and increase efficiency. To discover more we spoke with the company's CEO Kayvan Alikhani about the technology.

Microsoft Cloud puts healthcare in the classroom for Indian kids

A cloud app developed by a determined Indian doctor is helping millions of impoverished children to access healthcare. The app uses biomedical sensing technology and AI to generate a clinical-grade "health report card," based on responses to questions.

Firms allocate bigger IT budgets as interest in AI and IoT mounts

IT department budgets are set to increase in 2018 as firms dedicate resources to experimenting with AI and the Internet of Things. The drive towards the digital economy, automation and cloud-based analytics is leading businesses to prioritise IT spending.

Public cloud revenue to reach $260bn this year due to SaaS demand

The public cloud services market is expected to grow by 18.5% during 2017 to a total of $260bn. Market analysts Gartner said the increase is being led by "faster than expected" growth in SaaS and IaaS products, supplemented by growing confidence in PaaS.

Ford invests in start-up to create open-source mobility platform

Ford has invested in Silicon Valley start-up firm Autonomic Inc. The company's software provides services useful to autonomous ride-hailing businesses, including networked data streams between vehicles and operators. Ford will build open-source services.

Chatbots to improve customer experience at banks

Chatbots could improve customer experience and increase efficiency within finance. The relative simplicity of creating and running chatbot services is making them a popular option. They can replace regular staff and offer users support as they need it.

Digital transformation spending to soar in 2018

85 percent of business executives will allocate up to a quarter of their total budget to digital transformation in 2018. Firms are spending record amounts on digital despite seeing variable results. Almost half of firms are still struggling to get ahead.

80 percent of U.S. bank CEOs to invest in digital transformation

Almost 80 percent of U.S. banking CEOs are planning to invest in digital transformation over the next three years. KPMG said banks are experiencing the biggest "transformational era" in their history, adding that the time to embrace digital is now.

Bug in software used by 130 airlines creates check-in chaos

A "network issue" caused worldwide flight delays on Thursday as a passenger management system used by dozens of airlines went offline. A technical problem with the software forced crowded airports to issue manual boarding passes, creating long queues.

Ikea moves into gig economy with purchase of TaskRabbit

Ikea has acquired on-demand contract labour service TaskRabbit in a move which will see the retailer enter the gig economy. TaskRabbit lets users hire people to complete tasks for them, including furniture assembly. It expands Ikea's digital presence.

Bing for Business helps companies make sense of their data

Microsoft has announced Bing for Business, a new intelligent search service aimed at enterprise users. It expands the company's consumer-facing Bing search engine with Microsoft Graph integration, letting it deliver organisational results.

Aging infrastructure still impeding digital transformation

Digital transformation strategies are being "held back" by a reliance on legacy tech, according to a new report. As companies try to modernise their IT, they remain restricted by aging infrastructure that can't be migrated to the cloud.

Augmented reality used by publishers to aid reader understanding

Media publishers are using augmented reality technology to create more immersive material and help people understand their content. 36 percent of publishers are thought to be exploring the tech with some big organisations, like Quartz, getting on board.

New working group to explore the use of blockchain in digital ads

The Interactive Advertising Bureau (IAB) has set up a Blockchain Working Group, bringing the technology a step closer to widespread use in marketing. The blockchain's transparent nature could help control the flood of ad fraud in the industry.

Google adds content classification features to its language cloud

Google has announced the launch of content classification support on its Natural Language Cloud. The addition will particularly benefit large brands and media companies wanting to work out how consumers are talking about their products.

UK's £11bn 'smart meter' rollout needs 'rethink,' say researchers

The UK's ambitious rollout of "smart" energy meters is a long way off achieving its targets, according to researchers studying the program. The aim to get a connected meter into every house has been held back by consumer resistance and device problems.

Mass production of biodegradable plastic aids digital tech

A new, fast and simple process has been devised for the manufacture of a plant-derived, biodegradable plastic. This material will be useful for next generation digital technology.

Social impact of digital inequality revealed

The digital age is making life easier for many, especially in terms of accessing and exchanging information. Digital literacy is especially important for accessing health services and government portals. But what about those left behind?

Digital health users need to be mindful of security risk

The transition of more and more health information into a digital format can lead to many benefits, especially in terms of the speed of analysis. It can also present risks, in terms of cybersecurity. Risks are highlighted in a new report.

Digitalization is helping rural health services

Digital photography is helping patients to show how they feel in relation to their treatment plans. This process could significantly aid rural healthcare.
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