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 [...]
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 [...]
The future of infrastructure needs artificial intelligence and new ways of working January 15, 2019 During our morning commutes to work, many of us will grumble about unreliable trains, packed tube carriages, or too much traffic on our highways. And yet, despite these complaints, we tend to keep a stiff upper lip and bear with the current state of infrastructure, rather than question how things could become better. But if [...]
Audit must reclaim its Victorian roots to win back public trust January 15, 2019 Today marks the first anniversary of the collapse of Carillion. It is also the first day that the Business, Energy and Industrial Strategy select committee takes evidence in its inquiry into the audit market. Carillion’s downfall brought the role of audit in business and society into the spotlight, and was a watershed moment for the [...]
DEBATE: As Open Banking turns one year old, has it been a success? January 14, 2019 As Open Banking turns one year old, has it been a success? Didier Baclin, chief innovation officer at Zopa, says YES. A year on, Open Banking has already helped many people enjoy smoother experiences with certain financial providers, by enabling them to securely share their data through the open application programming interfaces. The initiative is about [...]
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, [...]
Instability is the new norm, and banks must learn to weather it January 9, 2019 Global financial markets stumbled into 2019, having endured their worst December since 1931. Both the Dow Jones and the S&P 500 indices fell by nearly nine per cent over the Christmas month. For the financial sector, this has refocused attention on the worsening political and economic backdrop for 2019. Politically, instability is becoming the new [...]
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 [...]
US legal business Elevate acquires UK new law company Halebury as it targets London float January 8, 2019 US legal business Elevate has today announced it has acquired UK new law business Halebury as it continues expansion ahead of a possible London float. Elevate, which has been backed by Morgan Stanley Expansion Capital, brands itself as a “law company” and provides services to in-house legal departments at companies such as Oracle and Facebook. [...]