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…
Netcracker Launches Pioneering Solution to Accelerate Digitization in Satellite Communications
Netcracker Technology announced the launch of its Digital Satellite Solution, a blueprint for multi-orbit IT that radically transforms how satellite operators manage, optimize and monetize their business. With the new solution, operators can guarantee the best service quality at any time, deliver a premium digital engagement to their customers and expand their business with any offer to any customer worldwide.
Spirent AI Test Solution Scoops Grand Prize at Interop Tokyo 2024
Working with its long-standing partner in Japan, TOYO Corporation, Spirent triumphed in the Testing category of Interop’s annual show awards, where in addition to the Spirent AI Data Center Test Solution, the Spirent B3 800G Appliance, and the Spirent Octobox Wi-Fi 7 test solution were also honored with “Best of Show” Special Prize accolades.
In Computer Science news this week…
Introducing Databricks LakeFlow: A Unified, Intelligent Solution for Data Engineering
Databricks, the Data and AI company, announced the launch of Databricks LakeFlow, a new solution that unifies and simplifies all aspects of data engineering, from data ingestion to transformation and orchestration. With LakeFlow, data teams can now simply and efficiently ingest data at scale from databases such as MySQL, Postgres and Oracle, and enterprise applications such as Salesforce, Dynamics, Sharepoint, Workday, NetSuite and Google Analytics. Databricks is also introducing Real Time Mode for Apache Spark™, which allows stream processing at ultra low latency.
In FinTech news this week….
AccountsIQ Secures €60M Investment to Embed AI Into Its Platform and Shape the Finance Function of the Future
AccountsIQ, the cloud-based accounting platform, today announced that it has secured a €60M Series C investment from Axiom Equity, a specialist B2B SaaS growth equity fund. The investment will be focussed on continuing to develop the AccountsIQ product to shape the finance function of the future, particularly to take advantage of advancement in AI throughout all aspects of the solution.
EPAM Acquires Odysseus — to transform the Life Sciences Value Chain with Advanced Analytics, Data Methods and AI
EPAM Systems, Inc., a leading digital transformation services and product engineering company, announced its acquisition of Odysseus Data Services, Inc., a top health data analytics company. Odysseus will expand EPAM’s ability to transform the life sciences value chain through advanced data analytics, data methods and artificial intelligence (AI).
In Information and Communications news this week…
Article of the Week
What Is Vertical SaaS? Benefits, Challenges
The phrase “vertical software as a service,” or “vertical SaaS,” refers to software solutions that are specifically designed and tailored to meet the needs of a particular industry or market. Whereas horizontal software as a service (SaaS) offers general software for a broad variety of business purposes, vertical software as a service (SaaS) focuses on fulfilling the specific demands of a given company or industry. Vertical software as a service provider develops products that cater to the particular needs of a certain industry, including banking, manufacturing, healthcare, or retail. These solutions, which are frequently developed by experts in the field, are designed to solve specific problems or provide comprehensive solutions within that specialty. In order to conform to the particular workflows and procedures of the industry they serve, they could provide adjustable features.