Banks expect to hand decisions to AI – even if they can’t explain them

Banks are racing toward a future where AI no longer merely informs key credit, treasury, and risk decisions – it makes them autonomously. Yet AI governance is not keeping pace with adoption, according to new AI risk research by FT Longitude, SAS and Microsoft. Even as...

Mankind’s first journey to another star set for 2029 launch

Plans are underway for mankind’s first journey to another star – a trip that is expected to take about 80 000 years. The Fermi Explorer Mission, a nonprofit organisation, hopes to set off for Alpha Centauri by 2029. The more than 40-trillion kilometre journey is...

IT spend will breach $7trn for the first time in 2027

Worldwide IT spending is expected to reach $7,35-trillion in 2027, up 15% from 2026, according to the latest forecast by Gartner. “Collectively, the market forces are reinforcing spend around AI infrastructure, AI-enabled cloud platforms, and advanced software...

As African CEOs embrace AI, ROI is still elusive

By Kathy Gibson - African companies are in the middle of learning and adopting artificial intelligence (AI), and adapting to the changes it brings. But they are also looking beyond adoption at how to measure value from their AI investments, says Ladi Asuni, partner...

Internet of Things market to reach $1,88trn

The Internet of Things (IoT) market was worth $605,69-billion in 2014 owing to the rising requirement for Internet connectivity worldwide coupled with technological advancements. The emergence of start-ups in different industries to satisfy growing need of consumers...

Hubble spots a sparkling neighbouring galaxy

The galaxy ESO 300-16 looms over this image from the NASA/ESA Hubble Space Telescope. This galaxy, which lies 28,7-million light-years from Earth in the constellation Eridanus, is a ghostly assemblage of stars which resembles a sparkling cloud. Other distant galaxies...

Taiwan chipmaker to open US plant

Taiwan Semiconductor Manufacturing will build a chip factory in the US. The new factory will most likely produce chips for smartphones and similar devices. The factory, which will be built in Arizona, will employ about 1 600 people directly. It should be operational...

Smartphone sales relatively strong, despite lockdowns

Smartphone shipments across EMEA dropped by 8% year-on-year in the first quarter as countries across the region began to respond to the spread of coronavirus and lock down local economies. In total, companies shipped 76,9-million smartphones in 1Q20. "Considering the...

Cloud the bright spot in IT outlook

Worldwide IT spending is projected to total $3,4-trillion in 2020, a decline of 8% from 2019, according to the latest forecast by Gartner. The coronavirus pandemic and effects of the global economic recession are causing CIOs to prioritise spending on technology and...

Paying ransomware doubles the cost of recovery

Paying cybercriminals to restore data encrypted during a ransomware attack is not an easy and inexpensive path to recovery. In fact, the total cost of recovery almost doubles when organizations pay a ransom, according to global survey from Sophos, "The State of...

LTE, 5G spending set to soar

Driven by increasing demand from branch, mobile, and Internet of Things (IoT) customers, International Data Corporation (IDC) expects LTE routers to experience double-digit growth in 2020. 5G wireless routers will add to this year's forecast, supported by initial...

Storage to continue strong growth trajectory

Despite the dramatic decline in worldwide IT spending brought on by the Covid-19 pandemic, International Data Corporation (IDC) expects the Global StorageSphere - the worldwide installed base of storage capacity - will continue to expand. In a new update to its Global...

Altron boosts EBITDA and revenue

Altron has announced an increase in EBITDA of 14% to R1,8-billion in the year to end February, while revenue increased 6% to R16,7-billion during the same period. Headline earnings per share from continuing operations were up 2% to 182 cents while basic earnings per...

Datatec anticipates increased earnings

Datatec has published a trading statement for the financial year ended 29 February 2020, alerting shareholders it expects all earnings per share metrics for the period to be more than 20% higher than the reported earnings for FY19. underlying earnings per share is...

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