Latest news

Big Data Experiment Tests Central Banking Assumptions in Norway

Big Data Experiment Tests Central Banking Assumptions in Norway

22 Jan 2017 comment

Central bankers may do well to pay less attention to the bond market and their own forecasts than they do to newspaper articles, according to Bloomberg. That’s the finding of a new algorithm-based index being tested at Norway’s central bank in Oslo. Researchers fed 26 years of news (or 459,745 news articles) from local business daily Dagens Naringsliv into a macroeconomic model to create a “newsy coincident index of business cycles” to help it gauge the state of the economy.

Sheryl Sandberg Unveils Startup Garage in Paris

Sheryl Sandberg Unveils Startup Garage in Paris

22 Jan 2017 comment

Facebook will open a startup incubator at Paris’s soon-to-debut entrepreneur campus created by billionaire Xavier Niel, as COO Sheryl Sandberg vows to keep investing in France, according to Bloomberg.

China Concerned About Foxconn U.S. Intentions

China Concerned About Foxconn U.S. Intentions

21 Jan 2017 comment

China’s government has conveyed its concern over Foxconn billionaire Terry Gou’s plan to expand the Apple assembler’s operations in the U.S. after President-elect Donald Trump takes office, according to Bloomberg. A high-ranking Chinese official recently expressed Beijing’s concerns directly to Gou, the people said, asking not to be identified because the conversation was private.

Data Breaches Hit Record in 2016

Data Breaches Hit Record in 2016

21 Jan 2017 comment

U.S. companies and government agencies suffered a record 1,093 data breaches last year, a 40 percent increase from 2015, according to the  Identity Theft Resource Center, Bloomberg reports. Headline-grabbing hacks, with victims ranging from Wendy’s to the Democratic National Committee, are increasing despite regulatory scrutiny and more aggressive cyber-security spending.

IBM Margins Narrow While It Struggles to End Sales Slide

IBM Margins Narrow While It Struggles to End Sales Slide

21 Jan 2017 comment

IBM fourth-quarter sales declined and margins narrowed, indicating that revenue in cloud computing and artificial intelligence hasn’t yet offset acquisition costs and other expenses to move the company into new businesses, according to Bloomberg.

Facebook Pushes Back as Germany Weighs Fines for Malicious Posts

Facebook Pushes Back as Germany Weighs Fines for Malicious Posts

20 Jan 2017 comment

Facebook defended itself against criticism in Germany that it’s not doing enough to combat hate speech and fake news, telling Chancellor Angela Merkel’s party lawmakers that ridding its platform of such content is highly complex, according to Bloomberg.

Chinese Semiconductor Industry Continues on an Upward Trend

Chinese Semiconductor Industry Continues on an Upward Trend

20 Jan 2017 comment

China’s impact on the global semiconductor industry continued on an upward trend in 2015, with chip consumption and production revenues increasing at a greater rate than worldwide revenues. According to PwC’s 2016 update to its annual report, China’s impact on the semiconductor industry, China’s share of the consumption market increased by 5.9% in 2015 to 58.5% of the worldwide total, marking a new record.

Oculus Founder Draws Fire at Facebook Trial

Oculus Founder Draws Fire at Facebook Trial

20 Jan 2017 comment

The young entrepreneur credited as the brains behind Facebook’s virtual reality headset was accused in court of betraying a company that had worked with him to display the technology at a trade show, Bloomberg reports.

Sheryl Sandberg Unveils Startup Garage in Paris

Sheryl Sandberg Unveils Startup Garage in Paris

22 Jan 2017 comment

Facebook will open a startup incubator at Paris’s soon-to-debut entrepreneur campus created by billionaire Xavier Niel, as COO Sheryl Sandberg vows to keep investing in France, according to Bloomberg.

Amazon to Create 100,000 New Jobs in U.S. in Next 18 Months

Amazon to Create 100,000 New Jobs in U.S. in Next 18 Months

14 Jan 2017 comment

Amazon revealed plans to hire more than 100,000 people in the U.S. in the next 18 months, grabbing the spotlight as President-elect Donald Trump pushes companies to employ more Americans, according to Bloomberg. The move could appease Trump, who tangled with Amazon CEO Jeff Bezos during the election campaign.

The Rise of the Chief Data Officer Signals an Age of Infinite Possibilities

The Rise of the Chief Data Officer Signals an Age of Infinite Possibilities

12 Jan 2017 comment

At the end of last year, Gartner estimated that 25 percent of large global organizations had already hired a chief data officer (CDO). By 2019, Gartner expects that number to reach 90 percent. "This rapid shift is the tip of the iceberg," said Ted Friedman, research vice president and distinguished analyst at Gartner, and summit chair for the Gartner Data & Analytics Summits.

China Concerned About Foxconn U.S. Intentions

China Concerned About Foxconn U.S. Intentions

21 Jan 2017 comment

China’s government has conveyed its concern over Foxconn billionaire Terry Gou’s plan to expand the Apple assembler’s operations in the U.S. after President-elect Donald Trump takes office, according to Bloomberg. A high-ranking Chinese official recently expressed Beijing’s concerns directly to Gou, the people said, asking not to be identified because the conversation was private.

Data Breaches Hit Record in 2016

Data Breaches Hit Record in 2016

21 Jan 2017 comment

U.S. companies and government agencies suffered a record 1,093 data breaches last year, a 40 percent increase from 2015, according to the  Identity Theft Resource Center, Bloomberg reports. Headline-grabbing hacks, with victims ranging from Wendy’s to the Democratic National Committee, are increasing despite regulatory scrutiny and more aggressive cyber-security spending.

IBM Margins Narrow While It Struggles to End Sales Slide

IBM Margins Narrow While It Struggles to End Sales Slide

21 Jan 2017 comment

IBM fourth-quarter sales declined and margins narrowed, indicating that revenue in cloud computing and artificial intelligence hasn’t yet offset acquisition costs and other expenses to move the company into new businesses, according to Bloomberg.

Big turmoil in H1 Telekom – shareholders' fight and possible takeover of Optima Telekom

Big turmoil in H1 Telekom – shareholders' fight and possible takeover of Optima Telekom

20 Jan 2017 comment

H1 Telekom Shareholders' Assembly, which should take place next Wednesday, January 25, is the decisive factor for the reshuffling and the future of that alternative telecom operator. Namely, the word on the telecom market is, confirmed for ICTbusiness.info by several completely independent sources, that the bankruptcy of H1 Telekom could happen on the very next day.

Turkey’s First Ever Test of 5G Technologies Achieved Speeds of 24.7 Gbps

Turkey’s First Ever Test of 5G Technologies Achieved Speeds of 24.7 Gbps

19 Jan 2017 comment

While continuing its efforts to develop next generation communications technologies, Turkcell has once again proved its pioneering status by completing Turkey’s first ever 5G test. Carried out in cooperation with Ericsson, the trial reached speeds of 24.7 Gbps on the 15GHz band and represented one of the first 5G tests in the world.

AT&T CEO Did Not Discuss Time Warner Merger With Trump

AT&T CEO Did Not Discuss Time Warner Merger With Trump

15 Jan 2017 comment

AT&T said their CEO Randall Stephenson’s meeting with President-elect Donald Trump touched on job creation, investment and competition, but the elephant in the room, merger with Time Warner, didn’t come up, according to Bloomberg.

Big Data Experiment Tests Central Banking Assumptions in Norway

Big Data Experiment Tests Central Banking Assumptions in Norway

22 Jan 2017 comment

Central bankers may do well to pay less attention to the bond market and their own forecasts than they do to newspaper articles, according to Bloomberg. That’s the finding of a new algorithm-based index being tested at Norway’s central bank in Oslo. Researchers fed 26 years of news (or 459,745 news articles) from local business daily Dagens Naringsliv into a macroeconomic model to create a “newsy coincident index of business cycles” to help it gauge the state of the economy.

COMBIS launched a web portal with the biggest Cloud offer in Croatia

COMBIS launched a web portal with the biggest Cloud offer in Croatia

19 Jan 2017 comment

Leading IT service provider in Croatia COMBIS launched cloud.combis.hr, web portal that includes the widest Cloud offer in Croatia intended for business customers. Portal's goal is to educate readers about numerous possibilities of Cloud in modern business, having in mind the fact that every company has its own specific business and Cloud needs.

Android Creator Nears Comeback With

Android Creator Nears Comeback With "Essential" Phone

17 Jan 2017 comment

Just over two years after leaving Google, creator of the Android operating system Andy Rubin is preparing to take on the smartphone industry he helped create, according to BLoomberg. Rubin is planning to marry his background in software with artificial intelligence in a risky business: consumer hardware.

Alphabet Says It Shut Down Titan Drone Internet Project

Alphabet Says It Shut Down Titan Drone Internet Project

18 Jan 2017 comment

In 2014, Google and Facebook vied to acquire Titan Aerospace, a maker of high-altitude solar-powered drones. Google won the bidding, so Facebook purchased its own company, which was building a huge glider called Aquila, according to Bloomberg.

FAA Fines Chicago Drone Operator $200,000 Over Illegal Flights

FAA Fines Chicago Drone Operator $200,000 Over Illegal Flights

17 Jan 2017 comment

A drone photography company that was the subject of the highest-profile attempt by a U.S. regulator to enforce aviation law on unmanned aircraft has agreed to pay a $200,000 fine to settle a 2015 case, according to Bloomberg. In its defense, the company said it has never had an accident.

More Than 40% of Data Science Tasks Will Be Automated by 2020

More Than 40% of Data Science Tasks Will Be Automated by 2020

17 Jan 2017 comment

More than 40 percent of data science tasks will be automated by 2020, resulting in increased productivity and broader usage of data and analytics by citizen data scientists, according to Gartner. They define a citizen data scientist as a person who creates or generates models that use advanced diagnostic analytics or predictive and prescriptive capabilities, but whose primary job function is outside the field of statistics and analytics.