Here is IT Digest’s weekly roundup of the top news from global markets. In this fast-paced world, breaking down information helps readers grasp the nuances that follow the news.
In Hardware and Network news this week…
CommScope Announces Fiber Cable Manufacturing Expansion in North Carolina
CommScope, a global leader in network connectivity, announced the company plans to invest $60.3 million over the next four years to expand its manufacturing facilities based in North Carolina. These plans bolster CommScope’s ability to meet U.S. supply demands driven by federal initiatives to bring ‘Internet For All’ – including in underserved and rural broadband markets – and will also enhance production capacity over the next four years. Increased production and creation of at least 250 new jobs will align with demand driven from states throughout the U.S. as they begin to disburse Broadband Equity, Access, and Deployment (BEAD) Program funding.
In Business Technology news this week…
airSlate Expands Product Suite With Document Automation Hub, Enabling Developers to Access Multiple APIs in One Place
airSlate, a leader in document workflow automation solutions, announced the launch of Document Automation Hub, enabling developers to access, manage, and automate all their document workflow APIs, from PDF editing and document generation to data collection and embedding eSignature and forms, from one location.
In Cloud Computing news this week…
AtScale Announces Enhanced Power BI and Excel Integrations for Scaling Enterprise Analytics on Cloud Data Platforms
AtScale, the leading provider of semantic layer solutions for modern business intelligence and data science teams, announced expanded integrations with Power BI and Excel to support enterprise data and analytics teams leveraging the breadth and flexibility of the Microsoft analytics suite. Microsoft Power BI is the market share leader for business intelligence (BI) with widespread adoption across the Global 2000. Microsoft remains at the forefront cutting edge of enterprise BI, delivering ongoing innovation in data visualization, interactive analytics experience, AI-augmented analytics, and embeddability across the Microsoft 365 stack.
In Artificial Intelligence news this week…
Putting Generative AI to Work: Smartsheet Announces New AI Features that Unlock the Power of the Smartsheet Platform
As the leader in enterprise work management, Smartsheet is integrating its new GenAI features across its platform to improve how enterprises plan, do, and scale their work. By connecting large language models (LLMs) to customers’ private business data, Smartsheet can securely deliver insights and data visualizations and help build project and portfolio management solutions in response to simple natural language questions. Smartsheet optimizes its platform to enable our enterprise customers to meet their security and governance needs now and into the future, and it is taking the same approach when applying GenAI.
In Computer Science news this week…
Cerebras and G42 Unleash the World’s Largest Supercomputer for AI Training with 4 exaFLOPs and Drive a New Era of Innovation
Cerebras Systems , a pioneer in generative AI acceleration, and G42 , a United Arab Emirates-based technology group, unveiled Condor Galaxy, a network of nine interconnected supercomputers that offers a new approach to AI computing. To do this, it promises to significantly reduce the training time of AI models. Condor Galaxy 1 (CG-1), the first AI supercomputer on this network, has 4 exaFLOPs and 54 million cores. Cerebras and G42 plan to deploy two more such supercomputers, CG-2 and CG-3, in the US in early 2024. With a planned capacity of 36 exaFLOPs in total, this unprecedented supercomputing network will revolutionize the advancement of AI globally.
In FinTech news this week….
IGEL and COCC Team to Modernize Digital Workspaces for Financial Services Organizations
With the financial services industry under pressure to modernize its IT infrastructure, community banks and credit unions face a balancing act. They must adopt cutting-edge technology solutions that streamline processes, enhance security, simplify operations, and improve user experience, all while managing with limited technical and financial resources. To help address these challenges, COCC, which has emerged as a go-to provider of technology solutions for smaller financial institutions aiming to gain a competitive edge, partnered with IGEL to enable these community banking institutions to monitor, manage, and upgrade their endpoints easily, keeping them secure and up to date, while providing employees with secure access to their digital workspaces from any device, anywhere.
In HealthTech news this week…
Blue Shield of California Collaborates with Microsoft to Reimagine Access to Quality Health Care with Connected Cloud Ecosystem
Blue Shield of California and Microsoft are collaborating to enhance members’ ability to engage in their health care by building an ecosystem in the cloud that securely integrates relevant, authorized information from disparate sources of data. Blue Shield is leveraging Microsoft’s scalable technology and processing power to derive insights faster to improve members’ access to affordable care in partnership with providers.
Blue Shield and Microsoft are building a new integrated data hub, Blue Shield’s Experience Cube, which runs on the Microsoft Azure cloud platform. Using Azure’s analytics and storage capabilities, the Experience Cube brings together authorized member, provider and payer data in a consolidated, near real-time view.
In Information and Communications news this week…
Virtusa Recognized as a Star Performer in Everest Group’s Cloud Services PEAK Matrix™ for North America
Virtusa Corporation, a global provider of digital strategy, digital engineering, and information technology (IT) services and solutions, is delighted to announce its designation as a Star Performer, along with the recognition of being a Major Contender, in the Cloud Services PEAK Matrix™ for North America, published recently. The prestigious title of a Star Performer is awarded to providers who demonstrate outstanding performance improvements across various evaluation parameters, positioning them in the top quartile.
Article of the Week
No matter which industry you belong to, the term “data” has probably crossed your path more often than your own name. Data saturation is not a new thing. Today, organizations have an abundance of data, making it challenging to distinguish between useful information and irrelevant noise. Large-scale data mining can be expensive and time-consuming in search of useful insights. Indeed, this is precisely where IDP, or intelligent document processing, proves to be advantageous. This demand for intelligent document processing roots back to the urgent need for businesses to handle massive amounts of semi-structured and unstructured documents, store and access them safely, and make them accessible for advanced analytics.