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Industry News

IDC: Banking, Manufacturing Drive Big Data and Analytics

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IDC: Banking, Manufacturing Drive Big Data and Analytics

According to IDC, W. European Big Data and business analytics (BDA) revenues will reach $34.1 billion in 2017-- a 10.4% increase over 2016, before reaching over $43bn by 2020 with a CAGR of 9.2%.

"Digital disruption is forcing many organizations to reevaluate their information needs, as the ability to react with greater speed and efficiency becomes critical for competitive businesses," the analyst says. "European organisations currently active in Big Data programs are now focusing on scaling up these efforts and propagating use as they seek to learn and internalize best practices. The shift toward cloud deployments, greater levels of automation, and lower-cost storage and data processing platforms are helping to reduce the barriers to driving value and impact from Big Data at scale."

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Big Names Form Enterprise Ethereum Alliance

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Big Names Form Enterprise Ethereum Alliance

A number of giants from the technology and financial worlds, including Microsoft, Intel, Accenture and JPMorgan Chase, join forces to form the Enterprise Ethereum Alliance (EEA).

Other alliance members include Credit Suisse, UBS, JP Morgan Chase, Bank of New York Mellon and Thomson Reuters, together with other Fortune 500 enterprises, academics, startups, technology vendors and Ethereum experts. As one might imagine, the alliance is formed around Ethereum. For those not in the know, Ethereum is an open-source blockchain-based platform providing a decentralised virtual machine for the keeping track of transactions done using the Bitcoin cryptocurrency.

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Digital Transformation Brings Bounty Says IDC

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Digital Transformation Brings Bounty Says IDC

IDC reports global spending on digital transformation (DX) technologies will reach over $1.2 trillion in 2017-- an increase of 17.8% over 2016.

Growth is expected to maintain a CAGR of 17.9% over the 2015-2020 forecast period, and by 2020 DX spending is forecast to total $2.0 trillion.

"Changing competitive landscapes and consumerism are disrupting businesses and creating an imperative to invest in digital transformation, unleashing the power of information across the enterprise and thereby improving the customer experience, operational efficiencies, and optimising the workforce," the analyst says. "In 2017, global organisations will spend $1.2tr on digital transformation with discrete and process manufacturers contributing almost 30% of this spending, while the fastest growth will come from retail, healthcare providers, insurance, and banking."

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AMD Presents Ryzen Desktop CPUs

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AMD Presents Ryzen Desktop CPUs

AMD returns to the high performance processor game with Ryzen 7-- a CPU family based around Zen architecture, with 8-core, 16-thread parts and 16MB level 3 cache shared across all cores.

According to the company, Ryzen 7 CPUs can do 52% more work per cycle than a similarly-clocked predecessor, thanks to a 14nm manufacturing process, a 5x increase in bandwidth and the architectural changes brought about by Ze. The processors also support simultaneous multithreading (the AMD take on Intel's Hyper-Threading), allowing each core to execute 2 code paths simultaneously.

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IDC: Financial Services, Manufacturing Sustain IT Spending

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IDC: Financial Services, Manufacturing Sustain IT Spending

According to IDC global IT products and services spending will reach nearly $2.4 trillion in 2017-- a 3.5% increase over 2016, with spending led by the financial services and the manufacturing industries.

The analyst also forecasts spending will grow to around $2.65tr by 2020 with a CAGR of 3.3% for the 2015-2020 forecast period.

As mentioned earlier, financial services and manufacturing are the main drivers of IT spending, generating 30% of all revenues throughout the forecast period through investments in digital transformation efforts. The telecommunications and professional services industries, together with federal/central governments, are also forecast to be among the largest purchases of IT products and services.

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