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…
SolarWinds Leads in Network & Cloud Observability
SolarWinds, a leading provider of simple, powerful, secure observability and IT management software, announces it was recognized as a Leader in the 2024 GigaOm® Radar Reports for Network and Cloud Observability. SolarWinds Observability and SolarWinds Hybrid Cloud Observability, which offer full-stack visibility across on-premises and multi-cloud environments, were each recognized for comprehensive monitoring capabilities, flexible deployment options, scalability, and more.
In Artificial Intelligence news this week….
Kubiya Raises a Fresh $6M to Launch AI Teammates
Kubiya, the leading Conversational AI solution for DevOps teams, has closed its $12 million seed round with a $6 million extension of equity and debt financing and launched a paradigm-breaking new platform, AI Teammates, that enables true delegation of complex tasks to digital colleagues through organic, human-like conversations.
In FinTech news this week….
Cloudera Achieves PCI DSS 4.0 Compliance for AI
Cloudera, the only true hybrid platform for data, analytics, and AI, announced it has achieved Level 1 compliance with the Payment Card Industry’s (PCI) Data Security Standard (DSS) for Service Providers. This certification demonstrates Cloudera’s commitment to cybersecurity and compliance in its mission to help financial institutions unlock business value from AI. With this milestone, Cloudera’s Platform as a Service (PaaS) and Private Cloud (PVC) are both PCI DSS v4.0 compliant, the newest major version of the framework.
In Computer Science news this week…
LiquidStack CDU-1MW: New Universally Compatible Coolant
Built for advanced computing applications such as generative AI, large language models and HPC, LiquidStack’s new CDU offer addresses a critical market need by helping alleviate CDU supply constraints in the direct-to-chip liquid cooling segment. As data center adoption of liquid cooling scales, the demand for standardized, DTC-optimized CDUs has accelerated significantly. However, the availability of CDUs has been limited due to production capacity constraints, according to analyst firm Omdia.
In HealthTech news this week…
Bio-Rad Appoints Jon DiVincenzo President, Chief Operating Officer
Mr. DiVincenzo joins Bio-Rad from Labcorp Holdings Inc., a global provider of comprehensive laboratory services, where he held various global operational and commercial leadership roles across the company’s several business units. Most recently, he served as Executive Vice President and President, Central Laboratories and International. Prior to LabCorp, Mr. DiVincenzo was President of the Environmental Health Division at PerkinElmer, a global company focused on diagnostics, life science research, food quality, environmental health and industrial testing. He also served as Chief Executive Officer of Enzymatics, a privately held molecular biology reagents company. Prior to that, Mr. DiVincenzo held roles of increasing responsibility in the Biosciences and Lab Water businesses of EMD Millipore, a subsidiary of Merck KGaA. He holds a Bachelor of Science degree in mechanical engineering from Northeastern University.
In Information and Communications news this week…
LastPass Welcomes Heather Brown as Chief Customer Officer
Heather Brown brings over 25 years of experience partnering with enterprise, commercial, and high-growth small and mid-size businesses with a focus on creating and realizing measurable business value. With a strong commitment to operational excellence, Heather has established herself as a leader known for tackling challenges and building scalable processes that benefit both customers and the larger organization.
Article of the Week
Organizations are heavily dependent on data today in a much wider spectrum than ever before. Additionally, the strategies to gather, store, and process data are evolving at an exponential rate. The advancement of cutting-edge technologies is one of the catalysts for utilizing data to make significant changes. Increasing connectivity approaches such as mobile devices and IoT sensors extend the availability of data types and support the constant evolution of the data market. As the demand for data is constantly changing, it has triggered the rapid development of data processing vendors referred to as Data as a Service (DaaS) providers.