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…
Dell Technologies Propels Telecommunications into the AI Era
“Capitalizing on the multiple opportunities presented by AI has become the most compelling driver of network cloud transformation,” said Dennis Hoffman, senior vice president and general manager, Telecom Systems Business, Dell Technologies. “Dell AI for Telecom brings together Dell’s AI expertise and infrastructure, with partners across the ecosystem, to help network operators implement AI solutions in and on the network that reduce OPEX, improve performance and create new edge revenue opportunities.”
In Artificial Intelligence news this week….
Harness Expands Strategic Partnership with Google Cloud
“We are thrilled to deepen our partnership with Google Cloud, bringing transformative AI capabilities to the software development lifecycle,” said Jyoti Bansal, co-founder and CEO of Harness. “Our combined solutions empower engineering teams to innovate continuously, improve application reliability, and significantly reduce developer toil. This collaboration marks a significant step forward in our mission to modernize how software is developed and provide engineering teams with the tools they need to succeed in a data-driven world.”
In FinTech news this week….
Airbase Unveils AI-Driven Touchless Accounts Payable
Airbase, the leading procure-to-pay solution for mid-market and larger organizations, is excited to announce a new era in financial operations with its launch of AI-powered Touchless AP (accounts payable). Digital transformation remains a top priority for 79% of finance leaders in 2024 according to Gartner. Yet, despite the availability of AP automation solutions, finance teams continue to struggle with manual, time-consuming processes that prevent them from focusing on high-value strategic work, as highlighted by IDC. Airbase’s new Touchless AP system addresses these frustrations by fully automating the entire AP lifecycle — from vendor onboarding to reconciliation — freeing finance teams to focus on business growth.
In Computer Science news this week…
NetSfere Launches Secure Post-Quantum Messaging
As quantum computing technology advances, one of the most critical cybersecurity challenges on the horizon is the rise of “Harvest Now, Decrypt Later” attacks. In these scenarios, sensitive data harvested today could be decrypted by quantum capabilities in the future, posing a substantial risk to enterprises worldwide. NetSfere’s PQC solutions directly address this threat by equipping its platform with cutting-edge post-quantum encryption, ensuring that data remains secure now and in the quantum era.
In HealthTech news this week…
Culture Biosciences Appoints Chris Williams as Chief Executive Officer
Culture Biosciences, a leader in cloud-connect bioprocess development technologies, is pleased to announce the appointment of Chris Williams as Chief Executive Officer, effective October 7, 2024. Chris joins Culture Biosciences from Cytek Biosciences, where he served as Chief Operating Officer. Chris Williams brings over 20 years of experience in the biotechnology and life sciences sectors, with deep expertise in scaling bioprocessing technologies and driving operational excellence. Under his leadership, Cytek saw significant advancements, positioning the company as a leader in flow cytometry.
In Information and Communications news this week…
Veeam Announces a New Integration with Palo Alto Networks
Veeam Software, the #1 leader by market share in Data Resilience, announced a new integration with Palo Alto Networks, the global cybersecurity leader, to simplify security operations and strengthen data resilience. This integration addresses the pressing need for organizations to take an integrated approach to protecting their data backups and proactively responding to cyber threats through the capabilities offered by Veeam’s new Apps and Palo Alto Networks Cortex XSIAM and Cortex XSOAR. With this new integration, Veeam is the first Palo Alto Networks partner to independently design and develop a data collector, dashboards, and reports for Cortex XSIAM.
Article of the Week
SaaS management is a comprehensive business process that involves proactively managing, optimizing, and administering all SaaS applications in a company’s portfolio, including inventory, license, and renewal management. It is based on four key principles: thorough visibility, licensing optimization, cost reduction, and risk avoidance. You may refer to the process by a different term. Examples include FinOps, SaaS operations, SaaS cost management, application portfolio management, and software asset management, among others. Who is it for? It is essential for IT leaders, finance teams, and business managers who oversee software procurement, usage, and compliance. Regardless of different terminology, each business practice aims to achieve the same goal: understanding software applications and their associated costs and risks.