digital disruption News
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JPMorgan has launched a new payment processing network that's based on blockchain technology. Financial organisations are making large investments into blockchain in the hope it can simplify some of the issues around traditional banking processes.
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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.
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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.
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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.
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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.
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Dell has announced a $1 billion commitment to the Internet of Things under a new strategy that will see the creation of a dedicated IoT division. The spending will be allocated over three years to research in connected edge devices and machine learning.
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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.
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Automation could displace almost 40 percent of young workers over the next 15 years, according to research by PwC. People aged between 16 and 24 in the U.S. are the most at risk but there are also concerns over a lack of homegrown STEM talent in the UK.
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Artificial intelligence is transforming how programmers write and maintain their code. Developers are using AI to manage legacy software, allowing them to move forward and work on new projects.
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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.
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Microsoft CEO Satya Nadella has said AI must be built with empathy if companies are to avoid "unintended consequences" of using the technology. He expressed concerns that the first wave of AI has to be a "force for good" if the concept is to succeed.
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Deutsche Bank has released over 150,000 lines of code from its Autobahn electronic trading platform. The company said the decision to open-source parts of the technology is intended to create a "common industry standard" for automated trading systems.
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Cryptocurrencies like Bitcoin could displace central banks and the current banking system. The head of the International Monetary Fund, Christine Lagarde, has said virtual currencies should not be dismissed, explaining they might be the future.
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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.
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Intel has announced an IoT deployment solution to make it easier for operators to bring devices online. The company said that launching new networks is too costly, time-consuming and risky, warning that the entire industry is at risk of stagnation.
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Artificial intelligence and new cybersecurity threats are evolving the role of the CIO, research firm Gartner says. Chief information officers are having to respond to new challenges as they scale their businesses, making it hard to stay up-to-date.
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AI will have created more jobs than it's destroyed within the next three years, according to leading research firm Gartner. The company has found that AI will push 1.8 million people out of work by 2020 but end up creating over 2.3 million new roles.
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Bank of America announced it's embracing a cloud-first digital transformation supported by Microsoft's cloud infrastructure. The organisation said it will be a "digital leader" in financial services, adopting cloud systems to help it grow its business.
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Oracle has announced a new automated database technology that uses AI to automatically install updates, detect threats and run optimisations. The system is supposed to take the pain out of database management, letting developers concentrate on their apps.
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Companies are investing more than ever in new data centres and networking equipment. The total investment this year is already more than double that in 2016. The trend's expected to continue over the next few years as more businesses turn to the cloud.
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Microsoft has announced a partnership with Apple device management provider Jamf. The collaboration will make it easier for businesses to use Macs in conjunction with Microsoft services. It's part of Microsoft's aim to enable enterprise interoperability.
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The increasing prevalence of IoT in manufacturing is driving demand for people capable of translating data streams into actionable insights. A new report has found IoT helps businesses be more efficient but fully utilising the tech can be challenging.
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Microsoft has announced a comprehensive suite of new developer tools aimed to make it simpler to utilise AI and achieve digital transformation. The company has baked machine learning capabilities into several of its most important development platforms.
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IoT is expected to explode over the next decade as growing numbers of connected devices come online. This poses challenges across several domains, ranging from security and networking to trust. ARM recently explained how it's tackling the issues.
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An acute skills shortage is impeding digital transformation at large enterprises across the world. According to a new report, $258m a year is being lost owing to a lack of cloud expertise. IT leaders are finding themselves ill-placed to manage new tech.
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Ford has started using Microsoft's HoloLens headset to streamline its car development process. The company is using the mixed reality device to more rapidly iterate over design prototypes, allowing it to test the look of different parts in near real-time.
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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.
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Artificial intelligence is moving into new sectors as machine learning gains more capabilities. A growing trend is to use AI in software development, allowing programmers to be more efficient. In the future, machines could create their own code.
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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.
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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.
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digital disruption Image
Eye-catching sign on the window of the Wellcome Centre in London, September 2017.
"Blockchain Disrupts Everything...or Does It?" panel discussion at the first IEEE Computer Society TechIgnite conference. Daniel Penfield
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