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Newsletter: Signs of the Tech Revolution #4

While the near-term growth prospects have brightened, ongoing geopolitical and political uncertainties pose risks.
Newsletter: Signs of the Tech Revolution logo
Published on
June 7, 2024
Last updated on
July 3, 2024

Hello and welcome to the Signs of the Tech Revolution. Read further to learn what’s happening in business and tech that can affect the way you approach business now and in the years to come.

The May 2024 Chief Economists Outlook, released by the World Economic Forum, highlights a mix of cautious optimism and uncertainty in the global economy. While the near-term growth prospects have brightened, ongoing geopolitical and political uncertainties pose risks. Inflation is still a concern but a smaller one than it used to be. Another good news is that there are significant opportunities to boost growth in both high- and low-income economies.

For more details, check out the full report on the World Economic Forum's website.

News #1: Senators push for AI education to boost workforce readiness

In a significant legislative push, U.S. senators are championing AI education to enhance tech adoption in supply chain industries. The recently introduced National Science Foundation AI Education Act aims to expand AI education from kindergarten to college, especially in rural and low-income areas. 

Spearheaded by Senators Maria Cantwell and Jerry Moran, the bill seeks to prepare at least 1 million individuals in AI-related fields by 2028. This initiative is set to fortify the STEM talent pipeline, fostering American innovation and competitiveness in AI.

Read more

News #2: How CIOs can strategically plan for success

Thornton May shows there are 4 things CIOs have to focus on when going through technological changes:

1. Embrace Cloud Technology

Cloud technology offers speed, flexibility, and scalability. It's essential to hire skilled cloud professionals and adjust your operating models to make the most of these benefits.

2. Focus on Developer Experience

Happy developers are productive developers. Create a positive work culture, provide the best tools, and give them the autonomy to innovate. Regularly check in on their satisfaction and ensure they're working on meaningful projects.

3. Promote Continuous Learning

Encourage a culture of learning within your organization. Offer opportunities for upskilling and ensure your team is always evolving to meet new challenges.

4. Integrate Security into Everyday Operations

Make security a part of everyone's job. Educate your team on best practices and integrate security measures into your development processes without slowing down progress.

The future is close, but we have to make decisions today to be resilient in the future.

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News #3: Kubernetes - from contender to champion

Kubernetes, originally one of many tools for container orchestration, has become the leading platform for cloud-native applications. There are very good reasons for that:

Open source - Kubernetes benefited from being an open-source project, allowing a wide community of developers to contribute and improve it.

Strong backing - Supported by Google initially and later by the Cloud Native Computing Foundation, Kubernetes gained credibility and widespread adoption.

Flexibility and scalability - Kubernetes excels in managing complex applications, providing robust scaling and flexibility which are crucial for modern cloud environments.

Ecosystem growth - A rich ecosystem of tools and extensions has developed around Kubernetes, making it versatile and adaptable for various use cases.

For businesses, adopting Kubernetes can mean more efficient management of applications, better use of resources, and greater innovation potential. Is your organization leveraging Kubernetes? Or are you just starting with this technology? 

In both cases, our consultants can help you get the most out of it. To talk with them click here

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News #4: Europol cracks down on cybercrime

In a sweeping operation called "Operation Endgame," Europol, along with the FBI and other international agencies, dismantled several major botnets, including Bumblebee and Smokeloader. 

This three-day operation, involving 12 countries, led to the arrest of four suspects, the seizure of over 100 servers, and the disruption of more than 2,000 domains. This significant move aims to reduce ransomware and malware attacks, providing a safer digital environment for businesses.

In a message posted on a dedicated Operation Endgame microsite, Europol said: “Welcome to The Endgame. International law enforcement and partners have joined forces. We have been investigating you and your criminal undertakings for a long time and we will not stop here. 

This is Season 1 of Operation Endgame. Stay tuned.”

Read more

Other Resources

  • AWS has announced an additional $8.88 billion investment in Singapore to align with the nation's AI development goals. This move aims to enhance existing cloud infrastructure and support AI initiatives - Read more
  • Saudi Aramco is leveraging its unique position to secure a leading role in the global energy market despite the world's gradual shift away from fossil fuels. By maintaining low costs, reducing carbon emissions, and investing in diversification and innovation - Read more
  • Recent studies reveal that CISOs (Chief Information Security Officers) are facing significant pressure from corporate boards to downplay the severity of cyber risks - Read more
  • Researchers from the University of Oxford have demonstrated the effectiveness of AI in predicting heart disease - Read more
  • TradeTech, aims to make global trade faster, cheaper, and greener. At the heart of this transformation is technology which aims to reduce trade friction. The World Economic Forum, in collaboration with the UAE’s Ministry of Economy, has launched the TradeTech Initiative, which champions the adoption of these technologies to streamline global trade operations - Read more
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