An American restaurant chain revealed it suffered a data breach affecting customers’ payment card details at most of its locations. On 22 June, PDQ issued a statement explaining that a malicious attacker obtained unauthorized access to its computer system and acquired the names, credit card numbers, expiration dates and cardholder verification value (CVV) of some […]… Read More
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During our first release of findings from the SentinelOne Global Ransomware Report 2018, we highlighted key findings as to why organizations felt they were the victim of a ransomware attack, how confident they are in defending against future attacks, and why.
The post Global Ransomware Awareness Report 2018 appeared first on CloudTweaks.
For the last five years, we’ve been discussing the future of AI with many organizations, including Intel, at the forefront of that conversation. However, while ensuring the world gets to experience new heights and unparalleled technologies, organizations failed to notice
The post The Future of AI is Here appeared first on CloudTweaks.
People in UK who bought tickets since February told to be wary of suspicious activity UK customers of Ticketmaster have been warned they could be at risk of fraud or identity theft after the global ticketing group revealed a major
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Microsoft today launched two new Azure regions in China. These new regions, China North 2 in Beijing and China East 2 in Shanghai, are now generally available and will complement the existing two regions Microsoft operates in the country (with the help of its local partner, 21Vianet).
As the first international cloud provider in China when it launched its first region there in 2014, Microsoft has seen rapid growth in the region and there is clearly demand for its services there. Unsurprisingly, many of Microsoft’s customers in China are other multinationals that are already betting on Azure for their cloud strategy. These include the likes of Adobe, Coke, Costco, Daimler, Ford, Nuance, P&G, Toyota and BMW.
In addition to the new China regions, Microsoft also today launched a new availability zone for its region in the Netherlands. While availability zones have long been standard among the big cloud providers, Azure only launched this feature — which divides a region into multiple independent zones — into general availability earlier this year. The regions in the Netherlands, Paris and Iowa now offer this additional safeguard against downtime, with others to follow soon.
In other Azure news, Microsoft also today announced that Azure IoT Edge is now generally available. In addition, Microsoft announced the second generation of its Azure Data Lake Storage service, which is now in preview, and some updates to the Azure Data Factory, which now includes a web-based user interface for building and managing data pipelines.
For any company built on top of machine learning operations, the more data they have, the better they are off — as long as they can keep it all under control. But as more and more information pours in from disparate sources, gets logged in obscure databases and is generally hard (or slow) to query, the process of getting that all into one neat place where a data scientist can actually start running the statistics is quickly running into one of machine learning’s biggest bottlenecks.
That’s a problem Intermix.io and its founders, Paul Lappas and Lars Kamp, hope to solve. Engineers get a granular look at all of the different nuances behind what’s happening with some specific function, from the query all the way through all of the paths it’s taking to get to its end result. The end product is one that helps data engineers monitor the flow of information going through their systems, regardless of the source, to isolate bottlenecks early and see where processes are breaking down. The company also said it has raised seed funding from Uncork Capital, S28 Capital, PAUA Ventures along with Bastian Lehman, CEO of Postmates, and Hasso Plattner, Founder of SAP.
“Companies realize being data driven is a key to success,” Kamp said. “The cloud makes it cheap and easy to store your data forever, machine learning libraries are making things easy to digest. But a company that wants to be data driven wants to hire a data scientist. This is the wrong first hire. To do that they need access to all the relevant data, and have it be complete and clean. That falls to data engineers who need to build data assembly lines where they are creating meaningful types to get data usable to the data scientist. That’s who we serve.”
Intermix.io works in a couple of ways: first, it tags all of that data, giving the service a meta-layer of understanding what does what, and where it goes; second, it taps every input in order to gather metrics on performance and help identify those potential bottlenecks; and lastly, it’s able to track that performance all the way from the query to the thing that ends up on a dashboard somewhere. The idea here is that if, say, some server is about to run out of space somewhere or is showing some performance degradation, that’s going to start showing up in the performance of the actual operations pretty quickly — and needs to be addressed.
All of this is an efficiency play that might not seem to make sense at a smaller scale. the waterfall of new devices that come online every day, as well as more and more ways of understanding how people use tools online, even the smallest companies can quickly start building massive data sets. And if that company’s business depends on some machine learning happening in the background, that means it’s dependent on all that training and tracking happening as quickly and smoothly as possible, with any hiccups leading to real-term repercussions for its own business.
Intermix.io isn’t the first company to try to create some application performance management software. There are others like Data Dog and New Relic, though Lappas says that the primary competition from them comes in the form of traditional APM software with some additional scripts tacked on. However, data flows are a different layer altogether, which means they require a more unique and custom approach to addressing that problem.
The NBA and NHL finals have just finished up. We just passed the Summer Solstice (for the Northern hemisphere). The 2018 World Cup is underway and will reach the knockout stage by the end of June. And all the while, …
During my recent visit to my hometown of Delhi, I was in charge of the arrangements for my parents’ twenty-fifth wedding anniversary. As part of the planning, I used Receiver for Linux to run multiple sessions on multiple desktops, to …
Well, guess we should have known better. A.I. can play Jeopardy, Chess and Go but it seems their capabilities have topped out. Let’s talk about a new A.I. “winter”. A.I. was going to take your job – guess again. A.I.
The post That’s It? After All the Hype and Fear About A.I.? Turns Out They Can’t Do the Hard Stuff appeared first on CloudTweaks.
A Japanese hotel chain company notified approximately 125,000 guests about a data breach that affected one of its software providers. On 26 June, Prince Hotels & Resorts published a statement on its website explaining that its reservations system in English, Simplified Chinese, Traditional Chinese and Korean was affected by an instance of unauthorized access. The […]… Read More
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Shared Autonomous Vehicles Will Reduce the Number of Cars and Overall Travel Times in Cities, But Potentially Worsen Traffic and Increase Travel Times an Downtown Areas, a World Economic Forum/BCG Study Shows NEW YORK, June 27, 2018 (GLOBE NEWSWIRE) —
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The rapid pace of technology innovation and applications in recent decades — you could argue that just about every kind of business is a “tech” business these days — has spawned a sea of tech startups and larger businesses that are focused on serving that market, and equally demanding consumers, on a daily basis. Today, a venture capital firm in the UK is announcing a fund aimed at helping to grow the technologies that will underpin a lot of those daily applications.
Cambridge-based IQ Capital is raising £125 million ($165 million) that it will use specifically to back UK startups that are building “deep tech” — the layer of research and development, and potentially commercialised technology, that is considered foundational to how a lot of technology will work in the years and decades to come. So far, some £92 million has been secured, and partner Kerry Baldwin said that the rest is coming “without question” — pointing to strong demand.
There was a time when it was more challenging to raise money for very early stage companies working at the cusp of new technologies, even more so in smaller tech ecosystems like the UK’s. As Ed Stacey, another partner in the firm acknowledges, there is often a very high risk of failure at even more stages of the process, with the tech in some cases not even fully developed, let alone rolled out to see what kind of commercial interest there might be in the product.
However, there has been a clear shift in the last several years.
There a lot more money floating around in tech these days — so much so that it’s created a stronger demand for projects to invest in. (Another consequence of that is that when you do get a promising startup, funds are potentially giving them hundreds of millions and causing other disruptions in how they grow and exit, which is another story…)
And while there are definitely a lot of startups out there in the world today, a lot of them are what you might describe as “me too”, or at least making something that is easily replicated by another startup, making the returns and the wins harder to find among them.
A new focus that we are seeing on “deep tech” is a consequence of both of those trends.
“The low-hanging fruit has been discovered… Shallow tech is a solved problem,” Stacey said, in reference to areas like the basics of e-commerce services and mobile apps. “These are easy to build with open source components, for example. It’s shallow when it can be copied very quickly.”
In contrast, deep tech is “by definition is something that can’t easily be copied,” he continued. “The underlying algorithm is deep, with computational complexity.”
But the challenges run deep in deep tech: not only might a product or technology never come together, or find a customer, but it might face problems scaling if it does take off. IQ Capital’s focus on deep tech is coupled with the company trying to determine which ideas will scale, not just work or find a customer. As we see more deep tech companies emerging and growing, I’m guessing scalability will become an ever more prominent factor in deciding whether a startup gets backing.
IQ Capital’s investments to date span areas like security (Privitar), marketing tech (Grapeshot, which was acquired by Oracle earlier this year), AI (such as speech recognition API developer Speechmatics) and biotechnology (Fluidic Analytics, which measures protein concentrations), all areas that will be the focus of this fund, along with IoT and other emerging technologies and gaps in the current market.
IQ Capital is not the only fund starting to focus on deep tech, nor is its portfolio the only range of startups focusing on this (Allegro.AI and deep-learning chipmaker Hailo are others, to name just two).
LPs in this latest fund include family offices, wealth managers, tech entrepreneurs and CEOs from IQ’s previous investments, as well as British Business Investments, the commercial arm of the British Business Bank, the firm said.
MANILA, June 28th, 2018 — According to the latest IDC Asia / Pacific, excluding Japan (APeJ) Semiannual Services Tracker, total outsourcing services revenues in the Philippines exceeded US$300 million for the full-year 2017, with 8.2% year-over-year growth (in constant currency). IDC’s key
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The U.S. Census recently released the 2016 nonemployer business statistics. Key quote from their press release:
... nonemployer establishments increased 2.0 percent from 24,331,403 in 2015 to 24,813,048 in 2016. Receipts increased 1.5 percent from $1.15 trillion in 2015 to $1.17 trillion in 2016.
This continues a pattern of about 2% growth per year in the number of nonemployer businesses over the past couple of decades. Since 2003, for example, the number of nonemployer businesses has increased by about 5.7 million.
Nonemployer businesses are businesses that have a business owner, but no traditional full or part-time (W2) employees. The average nonemployer business is small and likely a part-time business - the median nonemployer falls into the $10,000 to $24,999 gross receipts bracket.
But one of the fastest growing segments of nonemployers are those reporting $100k or more in gross receipts. As the chart below shows, this segment grew from 2.2 million in 2010 to about 2.8 million in 2016, or about 27%. This is almost twice the overall growth rate for nonemployer businesses during this period.
This data echos the findings from the MBO Partners State of Independence study series, which also shows strong growth in the number of independent workers reporting earnings of $100k or more.
The strong economy is creating more opportunities for solopreneurs of all kinds - and especially highly skilled solopreneurs - to win more business and also increase their prices. We expect to see more growth in nonemployers in general and the high earning segment in particular.
Emergent Research (that's us) contributes to the MBO Partners State of Independence study series.
