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Security concerns preventing SaaS and cloud adoption
Security concerns are preventing cloud and SaaS adoption, according to the Ping Identity Survey. Security was cited as the number one barrier to cloud and SaaS adoption by IT professionals. 43% of respondents said it’s the biggest obstacle to cloud adoption, and 37% claimed it’s the biggest barrier to SaaS adoption. Just a fifth of respondents said the majority of their IT was hosted in the cloud.
Bridgestone acquires TomTom's telematic business for $1 billion
Bridgestone has agreed a deal to acquire TomTom's telematics business for $1 billion. Bridgestone said the deal "creates a fleet solutions powerhouse in EMEA well-positioned to unlock new digital business models across commercial and consumer mobility". Under the terms of the acquisition, Bridgestone will gain access to data from TomTom Telematics’ 860,000 customers.
Ripple partners with leading Chinese university for blockchain research
Ripple is to collaborate with The Institute for Fintech Research (THUIFR) to explore the potential of blockchain. THUIFR is one of China's leading universities and it will help Ripple to look into blockchain development and global regulatory policies. Ripple has similar arrangements with 17 universities across the world. A number of THUIFR seminars have already been hosted on the topic
WarnerMedia to launch content innovation lab
WarnerMedia is to launch the WarnerMedia Innovation Lab. The incubator will combine emerging technologies with content from across its operating units to create "consumer experiences and businesses". The initiative will further encourage deep collaborations across WarnerMedia and AT&T, as well as between key corporate partners and developers of emerging technologies.
IBM and BNP Paribas agree new eight-year cloud deal
BNP Paribas has extended its cloud services agreement with IBM for another eight years. This partnership carries on the two companies' creation of the IT services company BNP Paribas Partners for Innovation (BP2I), which was inaugurated in 2003. BNP Paribas will integrate the IBM Cloud hosted in data centres dedicated to the bank while also improving its hybrid cloud 'as a service' capabilities.
Cognizant to drive digital change at three Finnish financial institutions
Cognizant has been selected by three of Finland's biggest financial institutions to accelerate their digital transformations. Savings Banks Group, Oma Savings Bank and POP Bank Group will build, along with Cognizant, a shared core banking platform. In related news, Cognizant's CEO Francisco D'Souza has been named chairman of the IT and Electronics Governors committee for the WEF summit in Davos.
Legacy systems the biggest barrier to digital transformation, says Infosys
Infosys has released its Digital Radar 2019 research. The findings point to legacy infrastructures (41%) as the main barrier to digital transformations. Over 1,000 CXOs from across the world responded to its survey. Other issues include insufficient budgets (30%) and the inability to experiment quickly (22%). For the study, Infosys measured respondents against 22 key digital initiatives.
Virtus to invest £500 million in five new UK data centres
Virtus Data Centres has announced the simultaneous construction of five additional data centres across its London sites, representing a £500 million investment for the company. It is to launch of the five new data centres in the London market, and the completion of its existing four live sites in Slough, Hayes and Enfield. The five new sites will add 76MW to Virtus’ London portfolio.
Deep learning startup Hailo increases funding to $21m
Hailo, the startup which has developed a microprocessor for deep learning, has expanded its funding round. The early-stage round has now reached $21 million with help from Chinese venture capital firm Glory Ventures. It plans to use the cash to accelerate growth in its target markets of China and Hong Kong. Hailo's breakthrough technology serves deep learning applications in a range of sectors.
Blockstream starts JV to develop Japanses blockchain services
Blockstream has entered a JV with Japanese fintech companies Digital Garage and Tokyo Tanshi. The venture, called Crypto Garage, is dedicated to building Bitcoin and blockchain solutions for the Japanese institutional market. Blockstream has been working with Digital Garage a year on expanding Bitcoin and blockchain usage in Japan, and has made an equity investment in Crypto Garage.
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Issue 0
The launch issue of Digital Bulletin delves straight into the forces powering the Fourth Industrial Revolution. Among a broad collection of features is our opening case study on Zinnovate International and its CEO Håkan Nilsson, our first cover star.
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