Survey Results Indicate Strong Investment in AI by Banking, Financial Services, and Insurance Sectors

R. Bhattacharyya

Summary Bullets:

  • Organizations in banking, financial services, and insurance are more likely to prioritize current and future investment in AI than overall survey respondents.
  • AI-driven solutions can help the sector verify customer identification and assist with fraud detection as well as anti-money laundering and know-your-customer initiatives.

Banking, financial services, and insurance organizations are eager to leverage AI solutions such as chat bots, deep learning, and machine learning. According to GlobalData’s most recent IT Customer Insight survey, organizations in this sector are more likely to be prioritizing investment in AI technology than their counterparts across other vertical industries. As shown below, 63% of respondents in banking, financial services, and insurance currently prioritize investments in AI, compared to only 54% of companies across all vertical markets. Similarly, 64% of financial services, insurance, and banking organizations have prioritized AI for investment in the next two years, versus only 55% of overall survey respondents. Continue reading “Survey Results Indicate Strong Investment in AI by Banking, Financial Services, and Insurance Sectors”

NVIDIA is Poised to Dominate the Edge with its GPU Strengths and Partnership Strategy

Summary Bullets:

• NVIDIA recently unveiled a broad swath of initiatives that will help establish it as a leading player in the emerging market for edge computing technologies.

• New partnerships with Ericsson and Red Hat are specifically designed to help 5G network operators exploit the potential of NVIDIA’s graphics processing units (GPUs) at the edge.

Edge computing is fast becoming one of IT’s hottest new growth areas and is widely seen as one of the technologies that will usher in a new era of digital services for businesses and consumers. Many IT companies are targeting emerging opportunities to deliver edge computing, including NVIDIA, a specialist provider of GPUs for the gaming industry.

At the recent Mobile World Congress (MWC) in Los Angeles, NVIDIA unveiled a broad swath of initiatives that will help to establish it as a leading player in this increasingly important market. Continue reading “NVIDIA is Poised to Dominate the Edge with its GPU Strengths and Partnership Strategy”

API World 2019: API Security Tops API Management Priorities

C. Dunlap

Summary Bullets:

  • A new API lifecycle management approach is founded on emerging security innovations, including AI.
  • Pure-play API security providers threaten to outshine API management leaders through best-of-breed security.

This month’s API World in San Jose conveyed one dominant theme throughout keynotes, sessions, and the show floor: API security.

Alongside the usual suspects of leading API management providers, including IBM, Axway, and Akana, were a heap of API security providers, clearly generating a large amount of buzz among attendees. I recall a number of them attending API World last year, but the dominant theme of 2018 was Istio and other service mesh technologies, critical in helping move microservices-based apps into production. Following a year’s progress in digital transformations and the rollout of new app development architectures – including microservices and serverless computing – and the realization of all those unsecured APIs at the heart of DevOps-backed projects, unsurprisingly, security was the new belle of the ball. Continue reading “API World 2019: API Security Tops API Management Priorities”

Hyperbole Management Specification 1.0

S. Schuchart

Summary Bullets:

• Charts and figures that show explosive growth are unnecessary and induce customer anxiety

• Force anyone presenting to move on to the solutions

In the IT industry we have an ugly addiction. It’s about growth, security, and complexity. Growth in data, growth in bandwidth needs, growth in number of devices. Security issues around every part of IT from edge IoT to the core of the data center. The complexity of managing all these systems, the ones put in to handle the growth and the ones to handle the myriad of security vulnerabilities from bugs to misconfigurations. The claims that “never before have we seen…” Continue reading “Hyperbole Management Specification 1.0”

Never Stop Learning!

Summary Bullets:

• To maximize the investment in I.T. companies should have a robust training program

• Regular training will benefit everyone, as well as make the workplace run smoother.

“Never stop learning” – a pithy phrase, something you could see on a motivational poster next to the one with the adorable kitten clinging to a branch that says “hang in there.” But the significance of the phrase “never stop learning” is one that comes with particular meaning in the tech industry. The pace of the tech industry overall requires a learning process that can’t stop. Everyone in technology, from day to day techs, senior administrators, coders, management, and senior management all need to keep learning. But how we treat learning in IT is still outdated and is centered around 1950s-era notions of top-down control, where workers don’t need to know that much, management will know for them, and that knowledge is based on professional certifications.
Continue reading “Never Stop Learning!”

Comcast Business Details New Enterprise 2.0 Strategy During Analyst Conference

R. Bhattacharyya

Summary Bullets:

• Comcast Business is looking to move beyond its small and mid-sized business roots and expand into the large enterprise market.

• As part of its vision to serve large enterprise customers, Comcast is looking towards international expansion and to grow its product portfolio.

On September 4th and 5th, 2019, Comcast Business hosted industry analysts at the newly opened Comcast Technology Center and Four Seasons hotel in Philadelphia. During the conference, Comcast outlined its Enterprise 2.0 strategy that will drive its agenda over the next year, highlighted its plans for leveraging recent acquisitions, and detailed its launch of two new security-related solutions. It plans to build on the success it has already seen in the business market, which includes revenue growth of 10.8% of 2018 (which compared to 2017), a base of 2.3 million business customers, and a team of over 10,000 employees dedicated to business services.
Continue reading “Comcast Business Details New Enterprise 2.0 Strategy During Analyst Conference”

The Right Tool for the Job

S. Schuchart

Summary Bullets:

  • Everyone has brand and product preferences based on experience, emotion, and environment.
  • Pick the right tool for the job, even if it’s outside your personal preferences.

Marketing teams talk about brand perception and brand loyalty. They talk about mind share and name recognition. As individuals, we try to act as if we don’t have brand loyalty, but instead loyalty to quality, price, utility, or some combination of those factors. Despite everyone having a bent towards economic rationality, its clear that emotion, experience, and our peers and self-identified group play a much larger role in our buying decisions. As individuals, this is not really a big deal. But in the IT workplace, brand or technology preferences can have negative consequences. More surprisingly, these preferences are extremely strong and take on the aspect of nearly religious belief. If you find that to be an exaggeration, find your local expert Linux system administrator and ask them what they think of Microsoft. More often than not, you will be treated to a sermon on the evils of the Beast of Redmond. Continue reading “The Right Tool for the Job”

Facebook and Instagram Take a Stand Against Controversial ‘Miracle Claims’ Content

A. DeCarlo
A. DeCarlo

Summary Bullets:

  • The social media giants have been under pressure to shield users from influencer posts that make specious claims.
  • Some questions on policy definition and enforcement remain, but Facebook and Instagram are moving in the right direction with the new rules.

Social media sites Instagram and parent Facebook are tightening their content standards to restrict advertisements and posts from influencers and other users who peddle weight loss and cosmetic procedures to teenagers. In September, the two social media giants disclosed a policy change which aims to prohibit the distribution of content to users under the age of eighteen that promotes the sale of weight-loss products or even mentions or depicts a weight-loss product or supplement. This content, which often makes bold claims about dramatic results with minimal scientific backing, has been linked to a number of negative impacts on users. Continue reading “Facebook and Instagram Take a Stand Against Controversial ‘Miracle Claims’ Content”

GlobalData’s State of the Blockchain Platforms Market Deems IBM, Microsoft as Leaders

C. Dunlap

Summary Bullets:

  • IBM and Microsoft are ranked as leaders for early innovations in a complex and slow-moving market.
  • Going forward, multi-cloud management support for blockchain platforms will be a key differentiator, helping ease vendor lock-in concerns.

GlobalData awards top rankings to IBM for its early investment and breadth of portfolio for supporting highly scalable and distributed blockchain networks and to Microsoft for its developer reach, solutions-ready approach, and Azure partnerships. This week, GlobalData is releasing the first in a two-part Advisory Report providing a comprehensive overview of the current state of the market for blockchain platforms and their providers including app platforms providers, IT service providers, and newer infrastructure incumbents. Continue reading “GlobalData’s State of the Blockchain Platforms Market Deems IBM, Microsoft as Leaders”

Vendors Find Pace of Tech Change Causing Tension Within UK Public and Businesses

J. Marcus

Summary Bullets:

  • According to a new survey, citizens feel overwhelmed by rapid changes in technology, making for cautious purchasing and declining trust in business.
  • Business leaders are more positive, but they are keenly aware of public confusion around new technologies; as a result, they are moderating their adoption planning.

The well-established promise of a digital future for society is welcomed by most people and businesses, but that doesn’t mean it isn’t accompanied by a certain level of confusion and concern. While the disruption caused by technological change has revealed new opportunities for UK citizens and companies, it has also exposed the limits of tech knowledge among both individuals and organizations, often necessitating what feels like ill-prepared decision making. A recent survey by Fujitsu captured public opinion on the importance of digital transformation to the success of future generations. It also tapped business leaders across the UK’s major industries to gain insights on how they view the advantages and challenges of increased digital adoption. Continue reading “Vendors Find Pace of Tech Change Causing Tension Within UK Public and Businesses”