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Category: business – Page 178

International Business Machines, still the legal name of century-plus-old IBM, has managed over the years to pull off a dubious feat. Despite selling goods and services in one of the most dynamic industries in the world, the IT sector the company helped create, it has managed to avoid growing.

The company that was synonymous with mainframes, that dominated the early days of the personal computer (a “PC” once meant a device that ran software built to IBM’s technical standards), and that reinvented itself as a tech-consulting goliath, lagged while upstarts and a few of its old competitors zoomed past it.

What IBM excelled at more often was marketing a version of its aspirational self. Its consultants would advise urban planners on how to create “smart cities.” Its command of artificial intelligence, packaged into a software offering whose name evoked its founding family, would cure cancer. Its CEO would wow the Davos set with cleverly articulated visions of how corporations could help fix the ills of society.

What IBM did not do was grow or participate sufficiently in the biggest trend in business-focused IT, cloud computing. Now, in the words of veteran tech analyst Toni Sacconaghi of research shop Bernstein, new IBM CEO Arvind Krishna is pursuing a strategy of “growth through subtraction.” The company is spinning off its IT outsourcing business, a low-growth, low-margin portion of its services business that rings up $19 billion in annual sales. Krishna told Aaron and Fortune writer Jonathan Vanian that he plans to bulk back up after the spinoff via acquisitions. “We’re open for business,” he said.

The move is bold, if risky. The reason it took so long, and presumably a new leader, to jettison the outsourcing business is that it was meant to drive sales of IBM hardware and other services. But Krishna, promoted for his association with IBM’s nascent cloud-computing effort—just as Microsoft Satya Nadella ran his company’s cloud arm before taking the top job—recognizes that only by discarding a moribund business can IBM focus and invest properly in the one that matters.

IBM CEO Arvind Krishna is spinning off IBM’s IT outsourcing services unit to focus on cloud and quantum computing.

Continue reading “IBM finally gets rid of some business to focus on the one that matters” | >

The US Army is developing augmented reality goggles for dogs to help protect their human guardians.

The BBC reports that the project, funded by the Small Business Innovation Research program, aims to allow soldiers to give dogs specific directional commands while they’re not in direct line of sight.

“Augmented reality works differently for dogs than for humans,” Stephen Lee, an Army Research Laboratory senior scientist, explained in a statement. “AR will be used to provide dogs with commands and cues; it’s not for the dog to interact with it like a human does.”

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Harworth Group plc has announced the completion of the UK Atomic Energy Authority’s (UKAEA’s) new nuclear fusion technology research facility at the Advanced Manufacturing Park in Rotherham, South Yorkshire. When it opens later this year, the 2500-square-metre facility will develop and test joining technologies for fusion materials and components, including novel metals and ceramics.

Property developer Harworth said completion of the GBP22 million (USD28 million) Fusion Technology facility triggers UKAEA’s 20-year lease with Harworth at a rent in line with other manufacturers at the Advanced Manufacturing Park. UKAEA will now prepare the building prior to taking formal occupation of it later this year.

The new facility is being funded as part of the government’s Nuclear Sector Deal delivered through the Department for Business, Energy and Industrial Strategy. An additional GBP2 million of investment came from Sheffield City Region’s Local Growth Fund.

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SkyWatch Space Applications, the Canadian startup whose EarthCache platform helps software developers embed geospatial data and imagery in applications, announced a partnership Oct. 5 with Picterra, a Swiss startup with a self-service platform to help customers autonomously extract information from aerial and satellite imagery.

“One of the things that has been very difficult to achieve is this ability to easily and affordably access satellite data in a way that is fast but also in a way in which you can derive the insights you need for your particular business,” James Slifierz, SkyWatch CEO told SpaceNews. “What if you can merge both the accessibility of this data with an ease of developing and applying intelligence to the data so that any company in the world could have the tools to derive insights?”

SkyWatch’s EarthCache platform is designed to ease access to aerial and satellite imagery. However, SkyWatch doesn’t provide data analysis.

Picterra is not a data provider. Instead, the company helps customers build their own machine-learning algorithms to detect things like building footprints in imagery customers either upload or find in Picterra’s library of open-source imagery.

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Paris, 4 October 2020. – A New York court has confirmed OneWeb’s rescue plan and put it back on track to launch its services in 2021, the London-based LEO operator announced.

The U.S. Bankruptcy Court for the Southern District of New York confirmed OneWeb’s Chapter 11 reorganization plan, ensuring that the company remains on target to resume business operations and deploy the initial 650 LEO satellite constellation under its new ownership, OneWeb said.

“The transactions outlined in the Plan will be implemented following receipt of customary regulatory approvals, which are expected by the end of 2020. In the meantime, OneWeb is resuming operations and readying its commercial services which are planned to start next year.”

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Microsoft’s Teams had a very busy September adding a host of new features. Now, the firm is looking to improve the performance of its Teams service as it continues in the battle to beat Zoom in the video conferencing space.

In an update detailing the features added in September, Microsoft explained how it was trying to improve Teams’ performance as a large proportion of the workforce continue to work from home.

Microsoft says it’s working to ensure businesses and schools “have a high-performance experience that scales across their devices and levels of internet connectivity.”

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Latest wing testing and the evolution of our aerodynamic control at speed with the #JetSuit never stops at Gravity. Here with the awesome Benjamin Kenobi chasing with his Inspire drone🤘

LINKS
SHOP: http://www.gravity.co/mobile-shop/
Instagram: https://www.instagram.com/takeongravity/?hl=en
Facebook: http://www.facebook.com/takeongravity/
LinkedIn: https://www.linkedin.com/in/richardbrowninggravity/
Web: http://www.gravity.co
TED 2017 talk: http://go.ted.com/richardbrowning

BACKGROUND
With a rich family history in Aviation, former Oil Trader & Royal Marines Reservist, Richard Browning, founded pioneering Aeronautical Innovation company, Gravity Industries in March 2017 to launch human flight into an entirely new era.

The Gravity #JetSuit uses over 1000bhp of Jet Engine power combined with natural human balance to deliver the most intense and enthralling spectacle, often likened to the real life Ironman.

Gravity has to date been experienced by over a billion people globally and covered by virtually every media platform. The Gravity Team, based in the UK, have delivered over 100 flight & Speaking events across 30 countries including 5 TED talks.

“The team and I are delivering on the vision to build Gravity into a world class aeronautical engineering business, challenge perceived boundaries in human aviation, and inspire a generation to dare ask ‘what if…”

Continue reading “Latest Flight Testing!” | >