AI deployment rockets as businesses seek competitive edge January 21, 2019 The number of organisations using AI has rocketed 270 per cent since 2015, a survey out today reveals. Firms across all industries are increasingly using artificial intelligence as they seek to gain an edge over competitors, research firm Gartner's 2019 CIO Survey found. Read more: Automation and AI are leading the UK into a new industrial [...]
UK businesses reduce spending on redundancy payments despite Brexit uncertainty January 21, 2019 UK businesses reduced their spending on redundancy payments last year despite the uncertainty surrounding Brexit, a law firm has found. Commercial law firm EMW said spending on redundancy payments dropped to £3.6bn by the end of March last year, from £3.8bn the previous year despite the prediction that Brexit would cause widespread job losses. The total number [...]
Don’t hand control to the machines just yet January 18, 2019 Bad news: the robots are destroying jobs. The good news, however, is that the jobs they are destroying are their own. This week, a hotel in Japan was forced to lay off its 243 robots, after they ended up creating more work for their human colleagues. The Siri-like virtual assistants couldn’t answer the guests’ questions, [...]
IBM links up with Vodafone for $550m cloud computing contract January 17, 2019 IBM and Vodafone have entered into a joint venture to provide businesses with support for linking up cloud systems, which can support next-generation technology such as machine learning or 5G networks. Vodafone will pay IBM $550m (£423.4m) under an eight-year contract as part of the deal, the firms said today, enabling it to offer tools [...]
Don’t lose steam now, stay on top of your resolutions with the best health and fitness gadgets of 2019 January 16, 2019 Nike Adapt $350, nike.com Under immense pressure from fans of Back to the Future, Nike launched the first iteration of its prototype self-lacing shoes in 2016. Version two is more refined, allowing the wearer to adjust the fit using their phone. It’s pitched to basketball players, who change the fit of their shoe throughout a [...]
Are Britain’s banks close-minded to Open Banking? January 14, 2019 Lauded as the start of a new revolution in banking, Open Banking was expected to take the financial world by storm when it was introduced almost a year ago to the day. The set of new rules require that the big banks allow their customers to share their own transaction data with third parties. Specifically designed to open [...]
Global cyber attacks soar by 63 per cent in three years as criminals harness AI January 11, 2019 The number of significant cyber attacks has grown by more than 50 per cent in the last three years, with artificial intelligence increasingly being used as a cyber security threat, Linklaters has warned. A new report from the global law firm has revealed that there were 67 significant cyber incidents worldwide in January to October 2018, [...]
London raked £1.8bn in tech funding last year, almost double its next closest rival January 9, 2019 London has retained its spot at the top of the tech charts for another year, securing almost double the amount of investment in 2018 than its next closest European competitor. Tech firms in the capital raised £1.8bn in venture funding and public listings in 2018, raking in 72 per cent of the UK’s £2.5bn total [...]
Police handed new powers to tackle illegal drones after Gatwick chaos January 8, 2019 Police are to get additional powers to help combat the illegal use of drones following the mass disruption at Gatwick airport last month. Thousands of flights were grounded at Gatwick between 19 December and 21 December after drones were repeatedly sighted close to the runway. Read more: Gatwick and Heathrow spend millions to avoid more [...]
Britain needs to step up to win the global AI healthcare race January 7, 2019 At this time of year, the news is invariably gearing up for a season full of stories about a crisis in hospital care. But away from the headlines, Britain is on the brink of a real global health success story – one we must capitalise on in 2019. It’s no stretch to say that the UK [...]