Industry news

EXL’s progress towards becoming a ‘Billion Dollar’ company was delayed by twelve months as COVID caused the business to decline in FY2020. 2020 was however, a good year for sales, which have now fed through into revenues. 

Read the full article here on TechMarketView.com

Unisys Corporation has reported its Q4 and full-year results for the period ended 31 December 2021. Q4 revenue was down 3.3% year-on-year to $539.3m (Q4 2020: $576.9m), with operating income down 6.5% to $44.5m (Q4 2020: $47.7m).

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The AI Public-Private Forum (AIPPF) created by UK regulators to examine the impact of artificial intelligence (AI) on financial services has published its report. Launched in October 2020 by the Bank of England (BoE) and the Financial Conduct Authority (FCA), the forum has received input from the private sector to help assess how innovation the potential future impacts of AI on the industry.

Read the full article here on TechMarketView.com

Several European digital companies and cloud providers – with Atos amongst them – have launched an initiative, called Structura-X (the Lighthouse project) to build a Gaia-X compatible infrastructure in Europe. The purpose of Gaia-X is to create a next-generation, federated and secure data infrastructure; amongst other activities, it defines the technical framework for data sovereignty. Structura-X aims to have initial Gaia-X complaint cloud services offerings ready by the middle of next year.

Read the full article here on TechMarketView.com

CGI has won a two-year contract with the MOD’s Defence Learning and Management Capability (DLMC). It will work alongside LEO Learning to provide E-Learning Applications Support & Development. 

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Ukraine has been hit by more cyber-attacks, which its government says are "on a completely different level".

The latest attack began on Wednesday afternoon when internet connectivity company NetBlocks tweeted about the outages, saying "the incident appears consistent with recent DDoS attacks".

Read the full article here on BBC Technology

Meta founder Mark Zuckerberg has unveiled several ambitious artificial-intelligence projects, describing AI as "the key to unlocking the Metaverse".

Read the full article here on BBC Technology

Over the last couple of years automation has been one of the main beneficiaries of technology investment deployed in response to the pandemic. Technologies such as Robotic Process Automation (RPA) have helped organisations modernise their heritage IT estates and bridge the gap into digital. That said, organisations continue to struggle to scale automation, having often deployed technologies in a fragmented and piecemeal manner, and whilst RPA is good at keeping legacy systems functioning – particularly in the back office – it is not always the best route to genuinely transform digital operations. 

Read the full article here on TechMarketView.com

Business process specialist Conduent finished FY 2021 much where it started with revenue for the year of $4,140m, a decline of -0.6% on the prior year (FY 2020 $4,163m). Adjusted EBITDA improved slightly up 1.5% to $487m (FY2020 $480m).

Despite the flat results, FY 2021 has been a step forward for Conduent which saw its first quarterly growth since the business was spun out of Xerox back in 2016.

Read the full article here on TechMarketView.com

Cloud infrastructure has evolved to a place where we are seeing all parts of the cloud reach practically anywhere on the planet—and even into space.

The cloud has allowed what was once science fiction to become science fact. Models and techniques in the artificial intelligence (AI) and machine learning (ML) realm have gotten better and better—so much so that we see glimpses of new kinds of use cases emerging that we previously only imagined in movies and comics.

Read the full article here on ComputerWeekly.com