IBM announced that it is acquiring the Israeli application discovery firm EZSource. Financial terms of the deal were not disclosed. Founded in 2003, EZSource is known for its visual dashboard product that helps developers modernize mission-critical mainframe applications. The company has offices in Israel, the U.K., the U.S., Switzerland, Japan and Romania and a current client roster that includes ING Life, Maybank and 7-Eleven. Using advanced analytics, the EZSource dashboard alerts developers to the number of sections of code that are in need of an update, which makes the entire update process more efficient and secure, IBM said.
WIRE)--Glooko, the leader in diabetes data management, today announced $35 million in new funding to accelerate growth, expand international presence, and deepen expertise in data analytics. This round was led by Georgian Partners, a Toronto-based investor focused on applied analytics and machine learning. Other new investors include Insulet Corporation and Mayo Clinic who join existing investors Canaan Partners, Social Capital, Medtronic and Samsung NEXT in the round. Glooko will use the funds to accelerate growth by expanding its sales, marketing and development teams. The company will also increase commercialization efforts in France, Germany, the U.K., Asia and the Middle East, and further development efforts in data analytics and artificial intelligence to provide personalized insights that drive meaningful behavior change.
NEW DELHI: Artificial intelligence (AI) will play fundamental role in the success of an organisation's strategy but stringent ethical standards are also needed to ensure the success of the new technology, a report by Infosys today said. The report said organisations that have already deployed or have plans to deploy AI technologies expect to see a 39 per cent increase on an average in their revenues by 2020, alongside a 37 per cent reduction in costs. Also, companies in India and China are much more likely to state that they are ahead of industry competitors when it comes to AI use, followed by Germany, the US, the UK, France, it added. About 76 per cent respondents cited AI as fundamental to the success of their organisation's strategy, and 64 per cent said future growth of the company is dependent on large-scale AI adoption. The report also highlighted the ethical and job related concerns with 62 per cent respondents saying stringent ethical standards are needed to ensure the success of AI. "However, most respondents seem optimistic about redeploying displaced employees with higher value work.
Video: How major cloud vendors stack up in 2018. IBM has created 18 new availability zones in North America, Europe, and the Asia Pacific to bolster its IBM Cloud business. The availability zones are spread across six IBM Cloud regions, including Dallas and Washington DC in the US, Germany and the UK in Europe, and Tokyo and Sydney in Asia Pacific. IBM defines an availability zone as a logically and physically isolated location in a cloud region with independent power, cooling and network infrastructure. Each region is a geographically and physically separate group of one or more availability zones with their own electrical and network infrastructure that's isolated from other regions.
Tech companies are investing heavily in artificial intelligence, and touting the financial benefits of AI-powered technologies like robots, virtual assistants and augmented reality, Now, a new study reports that artificial intelligence could dramatically boost economic growth and productivity. The Accenture report looked at 12 countries and found that AI -- or technology that senses the environment, comprehends what's happening and takes action -- could increase productivity by up to 40 percent in 2035. The report also forecasts economic growth in the U.S. could increase from 2.6 percent to 4.6 percent over the same period with the adoption of AI technologies. Among the countries that stand to make the largest gains in productivity from AI in 2035 are Sweden, Finland, the U.S. and Japan. "The impact this has is that it automates a lot of the low-level tasks and gets them done with higher satisfaction," says Accenture's chief technology officer, Paul Daugherty.