AI chip market will exceed $400bn by 2030
By 2030, IDTechEx forecasts that the deployment of AI data centres, commercialisation of AI, and the increasing performance requirements from large AI models will perpetuate the already soaring market size of AI chips to over $400-billion. However, the underlying...
Targeted ransomware groups continue to wreak havoc
Kaspersky experts have reported a significant rise in targeted ransomware activity with the number of active ransomware groups increasing by 35% between 2023 and 2024 – totalling 81 groups globally. Despite this surge, the number of infected victims dropped by 8%...
Removing rare-earths drives demand for copper in EV motors
Electric motors are a core component of electrification in the automotive market and the market has relied heavily on rare-earths for the permanent magnets used in these motors, writes Dr James Edmondson, research director at IDTechEx. But, as many will be aware,...
Cellular IoT connections to reach 5,4bn in 2030
The cellular IoT ecosystem is poised for significant transformation over the next seven years, driven by the rise of 5G technologies, according to new research from Omdia. With a predominant focus on 5G RedCap, 5G Massive IoT, and 4G LTE Cat-1bis modules, the...
AI set to revolutionise retail
South African retailers are likely to ramp up their investment in automation and artificial intelligence (AI) in 2024 as they look for new ways to drive innovation and outsmart their competitors. This aligns with global trends which, according to research from...
GenAI will vastly improve software tests
By 2028, GenAI-based tools will be capable of writing 70% of software tests, decreasing the need for manual testing and resulting in improvements to test coverage, software usability and code quality, says IDC in its FutureScape: Worldwide Developer and DevOps 2024...
Tourism should return to pre-Covid levels this year
According to the first UNWTO World Tourism Barometer of the year, international tourism ended 2023 at 88% of pre-pandemic levels, with an estimated 1,3-billion international arrivals. The unleashing of remaining pent-up demand, increased air connectivity, and a...
Longevity economy principles aim to improve outcomes for aging societies
In 2020, 1-billion people were aged above 60. By 2050, this number is projected to have more than doubled to 2,1-billion. For individuals to thrive in their longer lives, it is essential for businesses, governments, civil society, and individuals to intentionally...
Calls for advanced AI to be more inclusive, responsible
The AI Governance Alliance (AIGA) has released a series of three new reports on advanced artificial intelligence (AI), focusing on generative AI (GenAI) governance, unlocking its value and a framework for responsible AI development and deployment. The alliance brings...
Global IT spend to hit $5trn on 6,8% rise
Worldwide IT spending is expected to total $5-trillion in 2024, an increase of 6,8% from 2023, according to the latest forecast by Gartner. This is down from the previous quarter's forecast of 8% growth. While generative AI (GenAI) had significant hype in 2023, it...
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How to navigate the digital journey
Data is everywhere. Everything from smartphones to cars produce vast amounts of data every second. By Helmut Reisinger, CEO of Orange Business Services Each time we make a transaction, in store or online, we generate data. We post billions of photos on social media...
Unstoppable growth for Africa Code Week
Africa Code Week (ACW) 2018 exceeded all expectations by empowering 2,3-million youth across 37 countries with digital and coding skills - compared to 1,3 million youth engaged across 35 African countries in the previous edition. According to Cathy Smith, MD of SAP...
Insight Venture Partners invests $500m in Veeam
Insight Venture Partners has invested $500-million with strong participation from strategic investor Canada Pension Plan Investment Board (CPPIB) to accelerate the next phase of Veeam Software's growth. Veeam will leverage Insight Venture Partners' internal business...
60 000 FNB customers benefit from The Entertainer partnership
Just two weeks after the start of FNB's partnership with The Entertainer, over 60 000 FNB and RMB Private Bank customers have registered for the value-added service - and more than 10 000 deals have been redeemed to date. The partnership provides FNB Retail and RMB...
Machine Learning drives new feature for Pitram
New underground mining precision performance software, which uses machine learning to refine and enhance loading and haulage processes, is set to be launched by global mining software company, Micromine. The solution will be released in early 2019 as part of...
Trends 2019: digital with a purpose
It's that time of year again, where everyone from major consultancies to futurists try to predict what's to come in the world of business and technology. By Lee Naik, CEO of TransUnion As always, I like to throw my hat in the ring by looking at our own TransUnion...
It’s crucial that SMBs spot fake cloud ERP
Some predictions suggested cloud ERP would only arrive in 2020 or even as late as 2025. But it's already here and this rapid progress may have caught some vendors napping, particularly in the small-to-medium business (SMB) category, and they may have to surrender to...
De Bruyn is new operations director at Gabsten Technologies
Data management solutions specialist Gabsten Technologies has announced the appointment of Chris de Bruyn as their new operations director. De Bruyn has over 15 years of experience within the IT industry and two years of experience within Gabsten Technologies' own...
Fujitsu, EXest use AI to help tourists in Japan
Fujitsu, Fujitsu Laboratories, and EXest will conduct a field trial using artificial intelligence to discover unanticipated needs of travelers visiting Japan, propose tours or other activity plans, and verify the effectiveness of the new service’s application. The...
Entering a brave new world for software developers
Software developers are in the enviable position of having the power to shape the future. This is according to software expert Cliff de Wit, who says it's an exciting time to be in the industry, but also a time for reflection on the ethics and responsibilities of...
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