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Lumen Orbit emerges from stealth and raises $2.4M to put data centers in space

GeekWire

million pre-seed investment round to launch its plan to put hundreds of satellites in orbit, with the goal of processing data in space before it’s downlinked to customers on Earth. “Essentially, other satellites will send our constellation the raw data they collect. What about customers?

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Egypt to bolster IT offshoring for analytics, AI, app development

CIO Business Intelligence

This has great revenue potential for the country, with analyst firm IDC predicting the global offshoring market will reach US$540 billion in value by 2026, up from US$310 billion in 2019. This strategy looks at two sides of the equation: supply and demand. Egypt has a track record in offshoring.

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AWS to invest $5.3 to build data centers in Saudi Arabia to bolster tech in the region

CIO Business Intelligence

billion in the Middle East kingdom to build data centers and a significant cloud presence in the region. AWS also will provide additional cloud-computing training for Saudi Arabian students, developers, and technical and nontechnical professionals of all genders through various offerings.

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Why data leaders struggle to produce strategic results

CIO Business Intelligence

Chief data and analytics officers (CDAOs) are poised to be of increasing strategic importance to their organizations, but many are struggling to make headway, according to data presented last week by Gartner at the Gartner Data & Analytics Summit 2023. Organizations are still investing in data and analytics functions.

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Google Cloud data engineering, analytics systems target manufacturers

CIO Business Intelligence

Google Cloud Platform (GCP) is set to release two new solutions targeted at the manufacturing sector and aiming to ease data engineering and analytics tasks, unifying data from diverse machine assets to offer business insights to factory managers. billion by 2026. Edge-cloud connection helps data extraction.

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Report: By 2026, it’s predicted 25% of people will spend an hour per day in the metaverse

Venture Beast

All orgs should begin developing digital business strategies that leverage the built-in infrastructure and participants of the metaverse. Read More.

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IFS acquires Falkonry to offer AI-based enterprise asset management services

CIO Business Intelligence

Enterprise resource planning (ERP) software vendor IFS has agreed to acquire Falkonry, the developer of an AI-based time-series data analytics tool, to boost its enterprise asset management (EAM) services portfolio. billion by 2026, from $3.3 to reach $5.5 billion in 2020, according to research from MarketsandMarkets.