Tag: Big Tech

  • Weekly News: Open Source Coders Could Be Worth Millions

    Weekly News: Open Source Coders Could Be Worth Millions

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    Open source gold

    Focusing on open source software solutions
    could save the European Union billions of euros a year. That’s according to a
    new report conducted by OpenForum Europe (OFE) under the European Commission’s
    direction, which concluded that a mere increase of 10% in open source
    production could increase the EU’s GDP by nearly €100bn.

    The study
    estimated that in 2018 alone there were over 260,000 open source contributors
    in the EU. The volume of code they produced amounted to the full-time work of
    16,000 developers, generating between 65 and 95 billion euros in value.  

    The
    reveal comes as another study by IBM and O´Reilly suggests 94% of developers
    and technology managers prioritise open source skills over proprietary
    technology. Expertise in open-source tech like Linux and Kubernetes is almost
    twice (64.6%) as popular as skills tied to specific platforms like AWS or
    Azure. 

    All thanks to the rise of the hybrid cloud, which requires a unified, flexible IT infrastructure and is expected to grow by 47% in the next three years. 

    ITProPortal / TechRadar

    Filling the AI skills gap

    Artificial intelligence could change all our
    lives for the better, freeing us from repetitive tasks and allowing us to enjoy
    more free time and devote our energy to higher-level activities. That is, of
    course, if governments and business leaders around the world are able to
    promote the re-skilling of the workforce and bridge the already problematic
    talent gap.

    That was the conclusion of a panel of European institutional experts at The Economist´s recent Innovation@Work summit, which acknowledged AI must be regulated to ensure it is an assistance to people’s lives rather than a hindrance. Ensuring data quality is key, while nations need to set up technology training efforts that produce the talent companies need. 

    AI is one of the areas of IT where the talent gap is more apparent, especially as the technology keeps evolving at breakneck speed. Companies are a bit clueless regarding AI skills themselves. According to Gartner, 53% of business leaders believe the inability to identify skilled expertise is the number one impediment to workforce transformation. 

    Diginomica

    Also discover our article: How AI will allow recruiters to focus on people

    Big tech goes green

    One of the biggest critiques that can be made
    about big tech companies, besides their near economic monopoly is the carbon
    footprint they produce. Server farms and data centres, mining of the precious
    resources need to build hardware, emissions tied to the distribution of
    products. You name it. 

    It is no
    surprise then that companies like Amazon, Google and Microsoft have made in
    recent years a pledge to reduce their impact on the environment and established
    ambitious goals for the near future. A move that has become all the more
    necessary considering mounting regulatory scrutiny by the US and EU
    governments.  

    The
    solution? Investing in clean energy. 

    According to an analysis by Bloomberg and the Financial Times, technology groups are the world’s biggest corporate buyers of green energy. From solar to wind farms, their clean-energy projects expand all across the globe, providing a growing portion of all their energy needs. 

    Financial Times

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  • Weekly News: The Two-Faced Approach to Regulating Big Tech

    Weekly News: The Two-Faced Approach to Regulating Big Tech

    The Two-Faced Approach to Regulating Big Tech; why ransomware attacks keep on happening ; and how VR could change real estate.

    The Two-Faced Approach to Regulating Big Tech

    Regulating Big Tech. Big The popular Chinese short-form video app TikTok has been making headlines since its origins back in 2018. The reasons behind its quick ascend to fame are a no-brainer. 

    TikTok lets anyone produce and edit videos effortlessly, and is
    powered by an incredibly effective recommendations algorithm that makes
    scrolling down its feed highly addictive. 

    The platform has also become a meeting place for younger
    generations that had so far eluded traditional social media outlets like
    Twitter and Facebook. And brands love that.

    Given its huge monetization potential, then, it’s no surprise
    that TikTok’s has also attracted the attention of powerful interests. For good
    and for ill.

    After threatening to ban the app under suspicions of Chinese-sponsored espionage, the U.S. government –and Trump– had a new message: 

    It’s okay as long as Microsoft buys TikTok’s U.S. business before mid-September. Oh, and the government should get a cut of the benefits. 

    Only that now it appears that Microsoft might want to buy TikTok’s entire global business.

    The new episode of this serialised drama comes just a week after Big Tech leaders appeared before U.S. Congress to defend themselves against accusations of monopoly and unfair competition. Now one big tech company might get even larger.    

    Whatever it takes to win a trade war and fatten the national coffers.

    And that’s why ransomware attacks keep on happening

    This past month has
    been a busy one for cybersecurity. 

    First Twitter got hacked by what turned out to be an
    amateur group of teenagers.
    Then the
    smartwatch maker Garmin was knocked out by a ransomware attack that kept its
    services down for days. 

    Well, new information emerged this week suggesting that Garmin
    paid a multi-million dollar ransom
    in
    exchange for a decryption key to recover its files. 

    Garmin would have supposedly made the payment through an
    intermediary, Arete IR, which provides ransomware negotiation services. 

    A great ending for EvilCorp, the Russian hacking organisation
    thought to be behind the attack. Or maybe not? 

    In fact, Arete IR claims that WastedLocker, the ransomware
    strain used in this occasion, is not consistent with the Russian group’s modus
    operandi. Another player might be responsible.

    Whoever is the real culprit,  the fact that a large multinational company like Garmin has opted to pay the ransom sets a dangerous precedent in the fight against cybercrime. 

    No wonder these attacks keep on happening.

    Also read our Weekly News: A Ransomware Attack, Self-Taught Robots and Online Abuse: The Week in Tech News

    How VR could change real estate

    Taking a virtual
    reality tour of a new apartment or office is nothing new. The technology has
    existed for some time now. They were simply not that many incentives to make it
    a widespread thing. 

    With the pandemic, however, shopping for a home without leaving
    the sofa has acquired more of an appeal. Especially considering that lockdown
    has left many hungry for a change of scenery. 

    Too much time trapped in between four walls tends to make you
    want to at least change those for walls. 

    Although, as the BBC shows in an article published this week,
    the number of apartment offerings that incorporate a VR tour option remains
    marginal, things are quickly picking up pace.

    The property listing company Zoopla says the coronavirus crisis
    has tripled the number of virtual viewings for new properties. 

    This goes in line with developers and the broader real estate industry, which for years now have been allocating a part of the construction budget of new buildings to developing a VR experience. 

    There’s only one big caveat: visiting an apartment in this manner requires you to have a VR headset at home, and they are expensive. At least for now.

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