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Big data strategies disappoint with 85 percent failure rate

Big data projects aren't delivering the transformations companies had anticipated. 85% of all big data strategies are failing due to a combination of challenges, including the problems presented by legacy technologies and pre-existing corporate biases.

25% of small firms 'doing nothing' to defend against cyberthreats

Most small business owners feel "underprepared" to deal with cybersecurity threats, according to a study of digital trends published today. 25% of firms said they feel they're "doing nothing" to keep data secure, although digital adoption is growing.

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.

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.

'Widening gap' between digital transformation winners and losers

Global digital transformation investments will increase to $1.7tn by the end of 2019, up 42% from 2017. Enterprises are spending big on new tech as the race to transform heats up. However, there are concerns over the divide between leaders and laggards.

JPMorgan announces new payments network based on blockchain tech

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.

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.

Dell to invest $1 billion in the Internet of Things

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.

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.

Automation could take almost 40 percent of young workers' jobs

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.

Interview: How AI is revolutionising software maintenance

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.

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.

Microsoft CEO Nadella calls for AI to be built 'with empathy'

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.

Deutsche Bank open-sources code from its trading platform

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.

IMF head thinks cryptocurrencies might one day lead the economy

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.

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.

Intel unveils software platform that automates IoT deployments

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.

Gartner to CIOs: The days for digital 'experimentation' are over

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.

Automation is not eating jobs, states Gartner

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.

Bank of America embarks on cloud-first digital transformation

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.

Oracle's new database uses AI to keep itself secure

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.

Data centre investments reach record high in 2017

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.

Microsoft makes it easier for businesses to use Macs at work

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.

'Critical need' for IoT experts who can mine digital data

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.

Microsoft announces new AI tools for digital transformation

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.

ARM explains how it'll get one trillion IoT devices online

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.

Cloud skills shortage threatens digital transformation

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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 Blockchain Disrupts Everything...or Does It?  panel discussion at the first IEEE Computer Society T...
"Blockchain Disrupts Everything...or Does It?" panel discussion at the first IEEE Computer Society TechIgnite conference.
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Eye-catching sign on the window of the Wellcome Centre in London  September 2017.
Eye-catching sign on the window of the Wellcome Centre in London, September 2017.

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