There’s never been a better time to ask yourself this question.
Ask Mr Alex Cruz, after all the CEO of British Airlines (BA) could be a great person to talk to. Today’s estimate suggests that BA’s short-term bank holiday IT blackout has cost them 150 million in compensation alone. That figure makes no consideration of the mounting bad press and scrutiny the company is also facing. The BA story is nothing unusual, a report into Fortune 1000 companies suggested that The average cost per hour of an infrastructure failure is $100,000.
This week’s tech news has seen a wealth of activity as giants Microsoft Azure situate themselves within the African Data market with two new data centers. The move will make Microsoft the world’s largest cloud provider in terms of regional coverage, in over 40 regions worldwide. At present, the African data market is largely untapped and Microsoft’s move the continent looks promising in terms of future development for cloud services on the continent.
More controversially, the aftermath of the international ransomware attack has lead to accusations that there was North Korean involvement in the outbreak. Symantec Corp. identified similarities between the WannaCry ransomware attacks and the malware used to take Sony Entertainment down in 2014. Though Symantec suggests that this most likely occurred independent of government, the news will do little to help western relations with North Korea. No less controversial is the news that Google will begin to take more purchase data from customers to try to develop a better consumer understanding for targeted advertisements.
The technological landscape this week has been characterized by instability and insecurity with cyber security investments rising following the WannaCry ransomware attacks.
This week we have seen some massive large scale plans launched for Facebook, Blackboard and Dell. Facebook has announced a new AI making use of convolutional neural networks that aims to circumnavigate language barriers around the world. The new AI uses Convolution Neural Networks and parallel processing to translate language at an accelerated rate. The technology suggests that the future of AI is looking very bright indeed, with companies like Facebook and Google putting their massive spending power behind the cause.
They say it’s never a good idea to mention current events in an article because it dates them. There are however two good reasons why I’m going to punch this rule hard in the face.
- This week the Prime Minister of the UK triggered Article 50, which means the UK is leaving the E.U. (European Union)
- ‘THEY’ say a lot of things.
I’ve chosen to mention rule one because it highlights something fundamental to this article. As I type, the value of Sterling is bouncing all over the internet, Polish workers are Googling the German for Bricklayer and the proverbial doom merchants are out in force with their ‘end is nigh’ memes.
This is the key to being unafraid of the AI Apocalypse… or the A(i)pocalypse as I call it. (Yeah… I went there.)
This week’s news has revealed a wealth of progress in the Big Data market and some interesting observations as part of the Cyxtera Technologies data acquisition.
The worldwide online gambling industry is huge. In 2014, the industry recorded revenue of $35.97 billion, and is expected to almost double that figure to an estimated $66.59 billion within the next three years. As markets go, it couldn’t be more dynamic, but it’s also a very location-specific market.
This week’s technological landscape has been particularly eventful, promising great things in the future alongside a healthy dose of data security skepticism.