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 Business Technology news this week…
Relevance Lab Secures Backing of Us$700 Million Csp Fund Ii; Eyes Accelerated Growth. Relevance Lab, a leading provider of digital transformation services, announced that it has secured the backing of US$700 Million CSP Fund II, a technology-focused private equity fund. With this investment Rajeev Srivastava & Sanjay Chakrabarty from CSP Fund II, will join the Board of Relevance Lab.
Stagwell’s (STGW) Code and Theory Network Expands Its Digital Transformation and Engineering Globally with Addition of YML. Stagwell expanded its digital transformation and engineering network Code and Theory with the addition of Silicon Valley-born digital product and design agency YML (Y Media Labs). The Code and Theory Network now includes six agencies: flagship shop Code and Theory, Kettle, Mediacurrent, Rhythm, Truelogic, and YML.
In Cloud Computing news this week…
New Partnership between ASC and Sunco Communication & Installation. ASC, a worldwide leading provider of software and cloud solutions announces their partnership with Sunco Communication and Installation. Sunco is a Canadian Microsoft Solution Partner offering managed IT services to improve efficiency and security for small and midmarket organizations.
Snowflake Launches Telecom Data Cloud to Help Telecommunications Service Providers Monetize Data and Maximize Operational Efficiency. Snowflake, the Data Cloud company, announced the launch of the Telecom Data Cloud, which unites Snowflake’s data platform, Snowflake- and partner-delivered solutions, and industry-specific datasets. The Telecom Data Cloud helps telecommunications service providers break down data silos within companies and across the ecosystem, allowing organizations to easily and securely access data in near real-time, enrich it with machine learning (ML) models, and then share and analyze it to drive better decisions.
In Computer Science news this week…
data.world Launches First AI Lab for the Data Catalog Industry. data.world, the enterprise data catalog for the modern data stack, launched the data.world AI Lab, a first for the data catalog industry. The data.world AI Lab brings together customers, partners, and academics to collaborate on using the latest AI technologies to improve data team productivity through data catalog integrations.
Vuzix Announces Android 11 Support for Its Latest Portfolio of Enterprise Smart Glasses. Vuzix® Corporation, a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, announced that its latest portfolio of enterprise smart glasses, consisting of the Vuzix M400™, Vuzix M4000™, Vuzix Shield™ and Vuzix Blade 2™, are now all fully able to operate using Android 11.
In FinTech news this week….
PURE Insurance Extends Its Long-Standing Relationship with OneShield, Signing New Five-Year Deal. Privilege Underwriters Reciprocal Exchange (PURE), a leading policyholder-owned insurer of high-net-worth individuals, has committed to a multi-year agreement extending its use of OneShield Enterprise to include OneShield’s pre-built catalog of APIs through the Services Designer tool and unlimited access and use of the extensive use case library.
Visa Announces Departure of Vice Chair, Chief Financial Officer Vasant Prabhu. Visa announced that Vice Chair, Chief Financial Officer Vasant Prabhu will depart the Company on Sept. 30, 2023.
In HealthTech news this week…
Spacelabs Healthcare Expands Clinical Informatics Capabilities with Acquisition of Predictive Analytics Company PeraHealth. Spacelabs Healthcare announced that it has acquired predictive analytics company PeraHealth. Founded in 2010, PeraHealth develops predictive enterprise software based on the Rothman Index, a score to quantify patient acuity.
In Information and Communications news this week…
Aryaka Invests in Bringing its Award-Winning Managed SD-WAN and SASE to More Markets and Industry Verticals. Aryaka®, the leader in Unified SASE solutions, announced that it is increasing investment in its Hyperscale Point-Of-Presence (POP) footprint across the globe for cloud-based services delivery. The company will also deploy its innovative AppAssure solution across all current and new POPs to enable SaaS acceleration for improved application performance for increasingly hybrid workforces.
Blockchain Infrastructure Provider, Zeeve, Achieves ISO, SOC 2 Type II and GDPR Compliance. Zeeve, the leading blockchain infrastructure provider, strengthened its commitment to security and data privacy by passing globally recognized ISO, SOC 2 Type II, and GDPR compliance audit standards recently. The comprehensive assessment measured the company’s platform practices against AICPA, IEC/ISO and GDPR standards, proving that their policies, procedures and operations adhere to best-in-class standards in this area of expertise.
Article of the Week
The Cloud Computing Giants: 5 Biggest Cloud Computing Companies
We never seem to bring up the fact that big tech companies control a sizable portion of the internet when we talk about regulating this industry; instead, the conversation mainly focuses on online privacy and location monitoring. Every day, we use free apps and services, but we never mention that the data they contain is stored in the cloud. Maybe we should start thinking about the monopoly these few firms have over our data if we want big tech to have less influence over how we live our lives.
