40%+ of firms lose revenue from technology downtime and cloud complexity

55% of enterprises are struggling to derive meaningful insights from their data, highlighting an industry-wide need to deliver technology faster, more reliably and in more places, according to a survey by Hitachi Vantara, the modern infrastructure, data management and digital solutions subsidiary of Hitachi.

The survey revealed ongoing challenges related to security, inflexible systems, isolated data, a skilled labor shortage, and the need for infrastructure agility. These...

24 October 2023 | Banking & Finance

UK startups wasting over two weeks per year – costing the UK an estimated £37bn in GDP

UK startups and microbusinesses are wasting over two working weeks every year on admin tasks, including managing mobile phone contracts, choosing energy providers, and buying insurance – according to new research. 

The study, conducted by Beasy, which surveyed 500 business owners employing between 1-9 people, found that startup founders are spending an average of 5.5 hours per week choosing and managing the business services they need to run their company – equating to a...

23 October 2023 | Banking & Finance

Avanade launches cloud insights platform that identifies risks and unlocks cloud spend

Microsoft solution provider Avanade has launched a platform to help businesses establish an AI-ready digital core and unlock funding to reinvest in innovation.

'Avanade Cloud Impact' is a data platform that uses the latest in AI and machine learning to integrate and analyse industry, business and technical data sources and generate rich, tailored modernisation for companies in their cloud journey. The platform is already saving Avanade clients up to 50% of their cloud spend and...

11 October 2023 | Banking & Finance

NexGen Cloud’s $1bn AI supercloud to turbocharge AI in Europe

Europe

NexGen Cloud, a sustainable Infrastructure-as-a-Service provider, announced plans and funding for one of Europe’s first AI Supercloud deployments to support the development and growth of AI enterprises.

UK-based NexGen Cloud, an Elite member of the NVIDIA Partner Network, plans to invest $1 billion to build its AI Supercloud in Europe, with $576 million already committed in hardware orders with suppliers. The AI Supercloud will provide a dedicated compute-intensive platform for...

10 October 2023 | Banking & Finance

Global cloud comms revenue to grow at 18.3% CAGR over 2022-2027

Cloud communications is expected to witness a substantial growth over the next five years, as businesses are switching from legacy PBX solutions to cloud communications and opting for a pay-as-you-go model to optimise expenses and avoiding upfront investments.

Against this backdrop, the cloud communications market size is anticipated to grow at a compound annual growth rate of 18.3% from $78 billion in 2022 to $180.7 billion in 2027, forecasts GlobalData, a data and analytics...

9 October 2023 | Banking & Finance

Mainframe modernisation driving $12bn+ cost savings for businesses

Kyndryl, an IT infrastructure services provider, has unveiled the findings of its inaugural global survey and analysis of the current and future state of mainframe modernisation for businesses. 

The survey among 500 business and IT leaders finds that most organisations are taking a hybrid approach to mainframe modernisation and collectively achieve $12.5B in cost savings.

In today´s competitive and fast-changing business...

18 September 2023 | Banking & Finance

Kyndryl signs agreement with HMRC to modernise critical tax infrastructure for UK citizens

Kyndryl, an IT infrastructure services provider, has partnered with HMRC through to end of September 2024.

Drawing on Kyndryl’s position in managed services, the deal will see Kyndryl continue to manage a proportion of HMRC’s (His Majesty’s Revenue and Customs) mainframe services while Kyndryl Consult will undertake discovery work to prepare for cloud migration and modernisation. Building on an existing relationship, Kyndryl will now continue to accelerate the...

11 September 2023 | Banking & Finance

Google Cloud launches AI-powered anti-money laundering product

Google Cloud has unveiled its Anti Money Laundering AI (AML AI), an artificial intelligence (AI)-powered product designed to help global financial institutions more effectively and efficiently detect money laundering. 

Money laundering is a complex problem with a growing global impact. The amount of money laundered each year is estimated to be 2-5% of global GDP, or up to $2 trillion annually. Money laundering proceeds are connected to illegal activities, ranging from drug and...

26 June 2023 | Banking & Finance

Why cyber resilience remains an underrated element of the security strategy

A padlock.

A curious article from February 1’s issue of the Borneo Post shone a light on the gap between expectation and reality when it comes to cyber recovery.

Professional services provider KPMG surveyed Asia-Pacific organisations and found almost three quarters (73%) of CISOs did not have the influence to protect their companies fully. Moreover, while progress has been made on prevention and response programmes, businesses are still underestimating impacts on operations and recovery...

29 March 2023 | Banking & Finance

Belfast Harbour sets sail with Oracle Fusion Cloud ERP

Belfast Harbour.

Belfast Harbour, Northern Ireland’s principal maritime gateway and logistics hub, has selected Oracle Fusion Cloud Enterprise Resource Planning (ERP) and Oracle Fusion Cloud Enterprise Performance Management (EPM) to streamline its financial operations, increase agility, improve insights, and enhance decision making across the organisation.

Belfast Harbour is Northern Ireland’s primary maritime gateway for trade by operating a sustainable and...

12 January 2023 | Banking & Finance